Heavy Construction

(GLDD) Great Lakes Dredge & Dock Corporation Wins Miami Harbor Project

Great Lakes Dredge & Dock Corporation (GLDD) announced that it has been awarded a $122 million contract for deepening of the Miami Harbor by the U.S. Army Corps of Engineers. With further options of contract expected to be awarded...

4Jul2013 | | Comments Off on (GLDD) Great Lakes Dredge & Dock Corporation Wins Miami Harbor Project | Continued

(FLR) Fluor Gets Qatar’s Public Works’ Authority Contract

Recently, Fluor Corporation (FLR) received a contract from Qatar’s Public Works’ Authority for program management and construction supervision services for the Sharq Crossing. The contract is valued at $185 million and will be...

2Jul2013 | | Comments Off on (FLR) Fluor Gets Qatar’s Public Works’ Authority Contract | Continued

(GVA) Granite Construction Wins $130 Million Contract

Granite Construction Incorporated (GVA) has received a design-build contract worth $130 million from the North Carolina Department of Transportation for the I-40/440 reconstruction project. Construction work is scheduled to begin later...

23May2013 | | Comments Off on (GVA) Granite Construction Wins $130 Million Contract | Continued

(FLR) Fluor’s Earnings Beat Estimate

Fluor Corporation (FLR) reported first-quarter 2013 earnings per share of $1.02, 6.3% higher than the Zacks Consensus Estimate of 96 cents. Quarterly earnings were up 12.1% year over year from 91 cents a share. Profits during the first...

16May2013 | | Comments Off on (FLR) Fluor’s Earnings Beat Estimate | Continued

(FWLT) Foster Wheeler AG Misses Earnings Estimate

Foster Wheeler AG (FWLT ) reported earnings of $13.0 million or 12 cents per share in the first quarter of 2013 compared to $40.6 million or 38 cents per share. Earnings were 29.4% below the Zacks...

16May2013 | | Comments Off on (FWLT) Foster Wheeler AG Misses Earnings Estimate | Continued

(FLR) Fluor’s Earnings Beat Estimate

Fluor Corporation (FLR) reported first-quarter 2013 earnings per share of $1.02, 6.3% higher than the Zacks Consensus Estimate of 96 cents. Quarterly earnings were up 12.1% year over year from 91 cents a share. Profits during the first...

16May2013 | | Comments Off on (FLR) Fluor’s Earnings Beat Estimate | Continued

(ORN) UniTek Global Services Law Violation to be Probed

Law firm Glancy Binkow & Goldberg LLP is investigating potential claims on behalf of investors of UniTek Global Services, Inc. (UNTK) regarding the possible breach of federal securities laws by the company.

The probe looks...

27Apr2013 | | Comments Off on (ORN) UniTek Global Services Law Violation to be Probed | Continued

(GLDD) Great Lakes Dredge & Dock Corporation Earnings Fall Short

Great Lakes Dredge & Dock Corporation (GLDD) reported earnings per share of 1 cent in the fourth quarter of 2012, falling way short of the Zacks Consensus Estimate of 18 cents and the year-ago quarter’s earnings of 12 cents...

4Apr2013 | | Comments Off on (GLDD) Great Lakes Dredge & Dock Corporation Earnings Fall Short | Continued

(FWLT) Foster Wheeler AG Wins Contract

Foster Wheeler AG (FWLT) recently announced that one of the subsidiaries of its Global Power Group received a contract from GS Engineering & Construction Corporation. Foster Wheeler will be responsible for the design and supply...

23Mar2013 | | Comments Off on (FWLT) Foster Wheeler AG Wins Contract | Continued

(FLR) Fluor Receives Williams Contract

Fluor Corporation (FLR) announced that it has received a contract from Williams Companies Inc. (WMB) to provide groundwork engineering services for a propane dehydrogenation...

17Feb2013 | | Comments Off on (FLR) Fluor Receives Williams Contract | Continued

(MDR) McDermott International Inks Shipyard Contract

Hydro Marine Services, Inc. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) has inked a contract with Keppel Singmarine Pte Ltd. for the construction and design of deepwater pipelay...

2Jan2013 | | Comments Off on (MDR) McDermott International Inks Shipyard Contract | Continued

(MDR) McDermott International – Bear of the Day

Given its erratic earnings trend over the last few quarters and a disappointing outlook for 2013, we are downgrading McDermott International (MDR) shares to Underperform from Neutral. Though the energy-focused engineering and construction firm...

17Dec2012 | | Comments Off on (MDR) McDermott International – Bear of the Day | Continued

(FWLT) Foster Wheeler AG Expands Gas Storage

Foster Wheeler Upstream, a division of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group, will be providing its project management support to the 35 billion-cubic-foot Ryckman Creek natural gas capacity storage...

30Nov2011 | | 0 comments | Continued

(MDR) McDermott International – Bear of the Day

Following a second quarter earnings miss, we are downgrading McDermott International (MDR) shares to Underperform from Neutral. The company recently reported lower-than-expected EPS for the June quarter, adversely affected by a less...

12Sep2011 | | 0 comments | Continued

(MDR) McDermott International Secures SURF Deal

The Australian unit of McDermott International Inc. (MDR) has won a deepwater offshore contract for the Macedon Gas Project in Western Australia. Per the terms of the deal, the company would be involved in engineering and construction...

11Jul2011 | | 0 comments | Continued

(FWLT) Foster Wheeler AG Wins Contract in Argentina

A subsidiary of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group received a contract in Argentina for delayed coker heater from YPF S.A. The company will be providing engineering, equipment supply and supervision...

8Jul2011 | | 0 comments | Continued

(FWLT) Foster Wheeler AG to Upgrade Saudi Refinery

Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler AG’s (FWLT) Engineering and Construction Group and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) received...

6Jul2011 | | 0 comments | Continued

(FLR) Fluor Corporation Provides Australian EPCM Contract

Fluor Corporation (FLR) is all set to provide its engineering, procurement and construction management (EPCM) services for Woodside Energy Limited’s operating gas assets in Australia. In the final agreement, the initial contract...

30Jun2011 | | 0 comments | Continued

(FWLT) Foster Wheeler Wins Contract

Foster Wheeler AG’s (FWLT) subsidiary Global Engineering and Construction Group won a contract from Sasol to execute the technical part of a viability study for a planned gas-to-liquids facility in Canada. The study is being carried...

29Jun2011 | | 0 comments | Continued

(FLR) Fluor Earns Design Contract From Dow for Propane Project

Fluor Corporation (FLR) received a basic engineering and design services contract from The Dow Chemical Company. The services are for Dow’s propane dehydrogenation (PDH) expansion project in Freeport, Texas.

The value of the...

26Jun2011 | | 0 comments | Continued

(FLR) Fluor Wins Dow Contract

Fluor Corporation (FLR) has won a contract from The Dow Chemical Company (DOW) for providing basic engineering and design services on its propane dehydrogenation (‘PDH’)...

26Jun2011 | | 0 comments | Continued

(FWLT) Foster Wheeler AG First Quarter 2011 Earnings Underperforms

Foster Wheeler AG (FWLT) reported first-quarter 2011 earnings per share from continuing operations of 18 cents compared with 56 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 42 cents.

Excluding...

4May2011 | | 0 comments | Continued

(FWLT) Foster Wheeler AG Earnings Report Misses The Street

Foster Wheeler AG (FWLT) reported third-quarter earnings from continuing operations of 40 cents, below the Zacks Consensus Estimate of 51 cents. Earnings declined sharply from continuing operations of 71 cents in the prior-year quarter....

17Nov2010 | | 0 comments | Continued

(FWLT) Foster Wheeler AG Announces Contract for Gulf of Venezuela

Foster Wheeler AG (FWLT), through its Global Engineering and Construction Group, has received a pre-front-end engineering design (pre-FEED) and front-end engineering design (FEED) contract from a joint venture company of Eni Venezuela...

17Oct2010 | | 0 comments | Continued

(MDR) McDermott International Earns New Contract From Vetco Gray Australia

Energy-focused engineering and construction firm McDermott International (MDR) announced that one of its units has received a subsea infrastructure contract from Vetco Gray Australia Pty Ltd. The transaction, valued...

12Oct2010 | | 0 comments | Continued

(MDR) McDermott International – Bear of the Day

We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook.

Near-term bookings remain lumpy at McDermott,...

21Sep2010 | | 0 comments | Continued

(MDR) McDermott International – Bear of the Day

We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook.

Near-term bookings remain lumpy at McDermott,...

15Sep2010 | | 0 comments | Continued

(FLR) Fluor Wins $1.3 Billion Mining Contract

Fluor Corp. (FLR) has bagged a $1.3 billion mining contract awarded by Minera Lumina Copper in Chile. Minera Lumina Copper Chile is owned by Pan Pacific Copper Co., Ltd. and Mitsui Co., Ltd.

The work involves engineering design,...

1Jul2010 | | 0 comments | Continued

(MDR) McDermott International Beats Expectations but Sales Slump

Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected first-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share,...

18May2010 | | 0 comments | Continued

(MDR) McDermott International Unit Earns More Vietnam Work

J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a transportation and installation contract from Vietnam-based PTSC Mechanical...

8Apr2010 | | 0 comments | Continued