Omaha World Herald wrote: Kiewit earnings for 2004 reportedly increase 9%
Peter Kiewit Sons' Inc. earned $171 million in 2004, according to preliminary estimates announced by Kiewit Chairman Ken Stinson at the company's annual meeting.
The Omaha-based construction and mining giant's estimated performance for the fiscal year ended Dec. 25, 2004, increased 9 percent over last year's earnings of $157 million, according to a report filed Wednesday with the Securities and Exchange Commission.
Revenues for the year decreased slightly to $3.28 billion, down about 3 percent from last year's revenues of $3.38 billion.
The price of Kiewit's common shares was estimated to have risen to $37.45 for 2004, up 14 percent from last year's price of $32.85.
Because Kiewit is a privately held, employee-owned company, share value is calculated based on a formula.
The company employs 4,000 salaried workers and 10,000 craft workers. About 40 percent of its salaried workers hold shares in the company.
Stinson announced the estimated figures in a speech given to Kiewit employees attending the company's annual meeting in Omaha on Jan. 14.
The figures, reported in the SEC filing, are preliminary and unaudited. They will be updated and made official when the company files its annual report in February.
A spokesman for the company declined to comment on the filing.
Kiewit Business News
Moderators: Coyote, nebugeater, Brad, Omaha Cowboy, BRoss
Kiewit Business News
Re: Kiewit Business News
$201 million... that would build a nice new tower downtown.
... and just 2 1/2% of that... would make for a nice gesture towards a beautiful Missouri River pedestrian bridge.
... and just 2 1/2% of that... would make for a nice gesture towards a beautiful Missouri River pedestrian bridge.
Omaha World Herald wrote: Peter Kiewit Sons' sees largest profit in 5 years
By building big bridges, big highways and rebuilding after the big storms that hit Florida in 2004, Peter Kiewit Sons' Inc. recorded its largest profit in five years.
For the fiscal year ended Dec. 25, profits at the Omaha-based construction and mining giant rose 28 percent to $201 million, or $6.38 per share, up from last year's $157 million, or $5.18 per share.
The final figure exceeded a preliminary earnings estimate of $171 million, which Kiewit Chairman Ken Stinson cited at the company's annual meeting in Omaha in January.
Revenues shrank slightly in 2004 to $3.35 billion, down from last year's $3.38 billion. It was the fifth year in a row that revenues have decreased.
Kiewit's construction operations accounted for 97 percent of revenues with $3.26 billion, of which 74 percent came from public construction contracts.
The company's mining division accounted for 3 percent of revenues with $87 million.
Kiewit shares are privately held by employee-owners and are valued using a formula because they are not publicly traded on a stock exchange. The shares appreciated 18.6 percent last year, rising to $38.50 in 2004 from $32.45 in 2003.
The total value of redeemable shares outstanding in 2004 exceeded $1.33 billion, up from $1.11 billion last year. The shares are held by the company's 1,602 shareholders.
The company also paid a 45 cent per-share dividend in 2004.
Kiewit valued its backlog of contracts at the end of 2004 at $3.5 billion. Since then, it has won two more major contracts valued together at $1.1 billion.
The value of Kiewit's total assets increased to $2.2 billion in 2004. The company added $196 million to its cash reserves, which totaled $696 million at the end of 2004.
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- City Council
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I think the sad faces are to say, "Jesus Christ!!!!! They have $696 million dollars and no plans for a shining new downtown tower????????!!!!!!!!!!!!"
just paraphrasing....
just paraphrasing....
"The right to have access to every building in the city by private motorcar in an age when everyone possesses such a vehicle is actually the right to destroy the city."
Lewis Mumford, The Highway and the City, 1963
Lewis Mumford, The Highway and the City, 1963
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They have a building around 40th and Farnam... a bit Southwest of Mutual of Omaha. They work out of the same building as Berkshire Hathaway.
Not really sure if Kiewit is pressed for aquiring new space... leading me to ask the same questions. How many do they employ? Do they really need more space, seeing how the building they work out of is fairly large?
Not really sure if Kiewit is pressed for aquiring new space... leading me to ask the same questions. How many do they employ? Do they really need more space, seeing how the building they work out of is fairly large?
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Not being a member of the height obsessed club... I was, light heartedly, suggesting that Kiewit build a new downtown tower.
Of course most of these corporate scrapers have a significant amount of sublet space... case in point the First National Center. Once the vacancy situation improves... a Kiewit tower with space to sub-lease would be a perfect addition to downtown. A re-structured Level 3 can take up residence at their midtown building.
Of course most of these corporate scrapers have a significant amount of sublet space... case in point the First National Center. Once the vacancy situation improves... a Kiewit tower with space to sub-lease would be a perfect addition to downtown. A re-structured Level 3 can take up residence at their midtown building.
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Re: Kiewit Business News
This article is just for my counterparts in the height-obsessed club.
Kiewit Conference Center
Actually, I agree With the H.O.C. on this one, such an awesome location, and such a poor choice of a builiding for this site.
Kiewit Conference Center
Actually, I agree With the H.O.C. on this one, such an awesome location, and such a poor choice of a builiding for this site.
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I think we need to wait to see if anyone builds on the old UP site, Pinnacle, Butternut and other vacant lots before we worry about the Kiewit Center. It is a huge waste of space for an urban center but we have too many other vacant spaces to worry about before we make another one. At least it is being utilized downtown and not vacant.
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For the purposes of building a brand new skyscrapera, I'd much rather see this thing go than the old UP building.
God, what a horrible, horrible, horrible, horrible, horrible waste of land and what a mistake to build that POS. I can't believe the article refered to it as being one of the first "urban renewal" projects in Omaha. It really speaks to that era being a sad one in American history when a building like that was considered "urban renewal".
God, what a horrible, horrible, horrible, horrible, horrible waste of land and what a mistake to build that POS. I can't believe the article refered to it as being one of the first "urban renewal" projects in Omaha. It really speaks to that era being a sad one in American history when a building like that was considered "urban renewal".
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Its depressing how often cities tore down historic landmarks in during the late 70s-80s. Now days, if someone even considers tearing down a couple of little 2-3 story buildings (a few years ago by holland center) the whole city is up in arms. Too bad people didn't do that back then or we'd have a different 4th tallest building in the city.
I wonder if anyone would ever consider reconstructing the building with modern techniques while using the same plans. That would be cool.
I wonder if anyone would ever consider reconstructing the building with modern techniques while using the same plans. That would be cool.
- nativeomahan
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It was a major debacle when they tore down the old skyscraper of about 17 stories to build the ugly 3 story Keiwit building. The place is a dump. A good example of "dumbing down" if there ever was one.
Of course, it pales in comparison to the destruction of Jobber's Canyon. That is one for the nation's historic record books. There could have been hundreds of condos where now there is basically nothing.
Of course, it pales in comparison to the destruction of Jobber's Canyon. That is one for the nation's historic record books. There could have been hundreds of condos where now there is basically nothing.
- OmahaJaysCU
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Re: Kiewit Business News
I was watching the Fiesta bowl today, and they showed a clip of the new Arizona Cardinals stadium and there was a nice big Peter Kiewit sign in front. This is a huge gig for kiewit, I can't remember the price tag on this one, but its a big one.
I've been down here in the 'West Valley' since Christmas Eve and have passed by the new stadium several times now (just off their '101' expressway), and attended a Coyotes hockey game just next door as well (in their new Glendale arena which is of about the same size as the -to be expanded- Qwest Center).
The new stadium is just one piece of an enormous 'Westgate City Center' project the city of Glendale is building. It also includes their Cabela's store. It's too bad we couldn't have juist a tiny piece of this surrounding our Cabela's at Southport West.
Check out this site: http://www.westgateaz.com
The new stadium is just one piece of an enormous 'Westgate City Center' project the city of Glendale is building. It also includes their Cabela's store. It's too bad we couldn't have juist a tiny piece of this surrounding our Cabela's at Southport West.
Check out this site: http://www.westgateaz.com
VERY humbling ...........jhuston wrote:I've been down here in the 'West Valley' since Christmas Eve and have passed by the new stadium several times now (just off their '101' expressway), and attended a Coyotes hockey game just next door as well (in their new Glendale arena which is of about the same size as the -to be expanded- Qwest Center).
The new stadium is just one piece of an enormous 'Westgate City Center' project the city of Glendale is building. It also includes their Cabela's store. It's too bad we couldn't have juist a tiny piece of this surrounding our Cabela's at Southport West.
Check out this site: http://www.westgateaz.com
15-17, 26, 32
- TitosBuritoBarn
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America West arena was just built back in the 90's... they didn't take it out of downtown... it is still an important piece of downtown Phoenix... still playing host to the Suns. The Glendale arena was more a case of the city of Glendale woo'ing the Coyotes ownership into coming to the west valley. As for football, I think these stadiums, which see just a tiny hand full of games in a season... have no place in urban settings... a huge waste of space.
Re: Kiewit Business News
Pretty good chance we'll get our 5th Fortune 500 company back again this year.
Kiewit's revenue rose 23% to put it back over 4 billion. Good news going forward as well...
Kiewit's revenue rose 23% to put it back over 4 billion. Good news going forward as well...
http://www.omaha.com/index.php?u_pg=46& ... nd=6127898At the end of 2005, Kiewit had a $5.8 billion project backlog, compared to $3.5 billion at the end of 2004. The company also was named contractor for another $2.1 billion in projects that had not been officially awarded at the end of 2005.
- Coyote
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Re: Kiewit Business News
Speaking of Kiewit...
They are taking over the top floor of the former Gordman's building in Aksarben Village.
They are taking over the top floor of the former Gordman's building in Aksarben Village.
Re: Kiewit Business News
They sure don't seem to mind being spread out all over town. Any idea what department is moving there?
Training in North Downtown, HQ in Blackstone, IT out in Millard at the old western electric building, and now this in Aksarben
Training in North Downtown, HQ in Blackstone, IT out in Millard at the old western electric building, and now this in Aksarben
Omaha Skyline Photos, Omaha Aerial Photos, and More.
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- Coyote
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Re: Kiewit Business News
Inquiring...Brad wrote:Any idea what department is moving there?
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Re: Kiewit Business News
According to my sister, who works at Kiewit, the "Underground District" (Mining) has already moved there. They were displaced from the water main break at the Blackstone a month or so ago. PKS will probably sell the Blackstone once the repairs are done which could take a year or so. Some folks went to work at the Plaza and some went to KBS (Kiewit Business Services) at the old Western Electric. Unknown where they will go if they sell the Blackstone. Maybe lease it back, who knows
Re: Kiewit Business News
My ideal would be turning the Blackstone into a 21C Hotel if Kiewit vacates the space.debradomayer wrote:According to my sister, who works at Kiewit, the "Underground District" (Mining) has already moved there. They were displaced from the water main break at the Blackstone a month or so ago. PKS will probably sell the Blackstone once the repairs are done which could take a year or so. Some folks went to work at the Plaza and some went to KBS (Kiewit Business Services) at the old Western Electric. Unknown where they will go if they sell the Blackstone. Maybe lease it back, who knows
https://www.21cmuseumhotels.com/
- Coyote
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Re: Kiewit Business News
Now, that would be awesome!iamjacobm wrote:My ideal would be turning the Blackstone into a 21C Hotel if Kiewit vacates the space.
https://www.21cmuseumhotels.com/
Re: Kiewit Business News
That is AWESOME! ! I told LOVE something like that. It would be perfect for Omaha. :-) :-) :-)
Re: Kiewit Business News
For the past year I have been following the Oroville Dam Spillway story. From its collapse, to evacuation, and now re-building. The California DWR has put out a couple videos each week and another guy on youtube also did update reports every week or so. Very interesting to watch how they put a mountain back together.
Kiewit got the contract to rebuild the spillway. The deadline was today, and they made it. Part of the spillway were completely rebuilt and another part is temporary. Any remaining temporary and original spillway sections will be rebuilt during the 2018 construction season. The for the next year, the spillway as is will operate with a max flow of 100,000 CFS, and after next year it will have a max flow of 270,000 CFS. To put that in perspective, the flow of the Missouri River varies between 60,000 and 100,000 CFS, and the Mississippi at St Louis varies between 100,000 and 300,000 CFS!
Kiewit is also building a new cutoff wall to protect the emergency spillway from erosion. That work will be done by the end of the year.
Below are a few videos showing some of the stages over the past year. Crazy how fast they went from disaster to completion.
This week - Completion of the spillway:
[youtube][/youtube]
This was last spring during the emergency. They start off showing the temporary armoring of the emergency spillway and then show the collapsed primary spillway.
[youtube][/youtube]
Here is a video from late June when a lot of the demo was done and rebuilding was getting underway.
[youtube][/youtube]
Kiewit got the contract to rebuild the spillway. The deadline was today, and they made it. Part of the spillway were completely rebuilt and another part is temporary. Any remaining temporary and original spillway sections will be rebuilt during the 2018 construction season. The for the next year, the spillway as is will operate with a max flow of 100,000 CFS, and after next year it will have a max flow of 270,000 CFS. To put that in perspective, the flow of the Missouri River varies between 60,000 and 100,000 CFS, and the Mississippi at St Louis varies between 100,000 and 300,000 CFS!
Kiewit is also building a new cutoff wall to protect the emergency spillway from erosion. That work will be done by the end of the year.
Below are a few videos showing some of the stages over the past year. Crazy how fast they went from disaster to completion.
This week - Completion of the spillway:
[youtube][/youtube]
This was last spring during the emergency. They start off showing the temporary armoring of the emergency spillway and then show the collapsed primary spillway.
[youtube][/youtube]
Here is a video from late June when a lot of the demo was done and rebuilding was getting underway.
[youtube][/youtube]
Omaha Skyline Photos, Omaha Aerial Photos, and More.
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