Heavy Construction
(MDR) McDermott International Unit Wins Vietnam Subsea Infrastructure Contract
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a subsea infrastructure contract from Vietnam-based PetroVietnam Technical Services Corp. The financial terms of the transaction...
18Mar2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Subsidiary to Buy General Electric Unit
Babcock & Wilcox Power Generation Group – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the purchase of an air and emissions unit from GE Energy, a division of General Electric Co. (GE). No details were...
18Mar2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Beats Expectations – Profit Soars
Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected fourth-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 42 cents, 2 cents above the...
4Mar2010 | vitalstocks | 0 comments | Continued(INSU) Insituform Technologies – Earnings Estimates Pop
Insituform Technologies, Inc. (INSU) just topped forecasts which sent share price soaring. Analysts continue to revise estimates, giving the company excellent growth projections. Company Description Insituform provides infrastructure services for the water, wastewater, and energy...
4Mar2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Wins Mining Order
Fluor Corporation (FLR) announced that its joint venture with Sinclair Knight Merz was awarded a contract by BHP Billiton to execute the next phase of its Rapid Growth Program. The focus of the project will be the continued expansion of BHP Billiton’s iron ore operations...
1Mar2010 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG’s Earnings Reports Misses The Street
Foster Wheeler AG (FWLT) reported a net income of $65.1 million, or 51 cents per share for the fourth quarter of 2009, compared with $99.9 million, or 75 cents in the fourth quarter of 2008. This was lower than the Zacks Consensus Estimate of 65 cents for the most recent quarter....
28Feb2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Reports Earnings Below Consensus
Net earnings attributable to Fluor Corporation (FLR) for the fourth quarter of 2009 were $149 million, or 82 cents per share, compared with $190 million, or $1.03 in 2008. This was lower than the Zacks Consensus Estimate of 88 cents. The effective tax rate in the fourth quarter...
28Feb2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Group Wins Wind Farm Bid
Fluor Corporation (FLR) announced that its UK division, Fluor Limited, and SSE (Scottish and Southern Energy plc), have been awarded exclusive rights by The Crown Estate to develop the Round 3 offshore wind farm zone in the Firth of Forth, off the coast of Scotland. The proposed...
11Jan2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Buys Vessel Stakes
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the purchase of interest in two underwater oil and gas construction vessels from Norwegian offshore services company Oceanteam ASA. The...
27Dec2009 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Wins Vietnam Electric Deal
Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Power Group has been awarded a contract by Wuhan Kaidi Electric Power Co., Ltd. for the design and supply of two circulating fluidized-bed (CFB) steam generators for Vietnam National Coal-Mineral Industries Group’s...
17Dec2009 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Wins Nuclear Deal
The Babcock & Wilcox Co. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a nuclear contract from leading power supplier Energy Northwest. As per the deal, Babcock & Wilcox will support...
16Dec2009 | vitalstocks | 0 comments | Continued(MDR) McDermott International to Spin off Nuclear Unit
Energy-focused engineering and construction firm, McDermott International Inc. (MDR) announced plans to separate its power generation business from its offshore oil and gas services business, thereby creating two independent, publicly traded companies. McDermott will spin-off...
8Dec2009 | vitalstocks | 0 comments | Continued(LAYN) Layne Christensen Company’s Profit Plunges
Layne Christensen Co. (LAYN) reported fiscal third-quarter results before the opening bell on Monday. The company’s earnings plunged 45.8% to $6.6 million, or 34 cents per share, from $12.2 million, or 63 cents per share recorded in the year-ago quarter. However, the result...
7Dec2009 | vitalstocks | 0 comments | Continued(MDR) McDermott International Reports Profit Growth
Energy-focused engineering and construction company, McDermott International Inc. (MDR) reported better-than-expected third-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 50 cents, 10 cents above...
14Nov2009 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Matches Estimates
Fluor Corporation (FLR) reported third quarter earnings per share of 89 cents, matching the Zacks Consensus Estimate. Revenue declined by 4% to $5.4 billion, which compares with $5.7 billion in the third quarter of 2008. This change was driven primarily by decreases in the Oil...
11Nov2009 | vitalstocks | 0 comments | Continued(MTZ) MasTec Inc. – Fourth Consecutive Earnings Surprise in a Row
MasTec Inc. (MTZ) reported third quarter results on Oct 28 that surprised on the Zacks Consensus Estimate by 1 cent. It was the fourth consecutive surprise in a row. MasTec designs and builds infrastructure for communication companies, utilities and governments through the United...
2Nov2009 | vitalstocks | 0 comments | Continued(GLDD) Great Lakes Dredge & Dock Corporation – Analysts Expect Huge Earnings Growth
Great Lakes Dredge & Dock Corporation (GLDD) is a play on the stimulus plan as the largest provider of dredging services in the United States is seeing more active bids from the Army Corps of Engineers. In the first six months of the year, the company saw a 40% increase in...
26Oct2009 | vitalstocks | 0 comments | Continued(FLR) Fluor Wins $150 Million Gas Turbine Contract
Fluor Corporation (FLR) announced yesterday that it received a $150 million engineering, procurement and construction [EPC] contract from ISAB Energy to rebuild a gas turbine power train. The contract is to rebuild one of the two 266-megawatt combined cycle gas turbine power...
9Sep2009 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Wins Polish Power Station Contract
Foster Wheeler AG (FWLT) said a unit of its Global Power Group recently won a contract from ZE PAK S.A. for the design, supply and erection of a 55 MWe biomass-fired circulating fluidized-bed (CFB) boiler island for the Konin Power Station in Poland. Foster Wheeler has received...
9Sep2009 | vitalstocks | 0 comments | Continued(LAYN) Layne Christensen Beats Consensus by 92%
Layne Christensen Co. (LAYN) announced fiscal second-quarter results yesterday after the closing bell. The company reported GAAP net loss of $8.6 million or 45 cents per share, compared to GAAP net income of $15.1 million or 78 cents per share in the year-ago quarter. Excluding...
3Sep2009 | vitalstocks | 0 comments | Continued(FLR) Fluor Awarded Engineering Contract for Power Plants
Yesterday, Fluor Corporation (FLR) announced that it has been awarded an engineering services contract to design a concentrating solar power plant for eSolar, Inc. Fluor will provide design optimization to rapidly scale eSolar’s 46 megawatt power plants. The company did not...
26Aug2009 | vitalstocks | 0 comments | Continued(MTZ) MasTec Inc. – Aggressive Growth – Zacks Rank Buy
MasTec, Inc. (MTZ) has an earnings announcement coming up on the 28th of April and estimates are on the rise. Company Description MASTEC INC. is one of the largest providers of construction services to the telecommunications industry in the United States. The Company’s...
20Apr2009 | vitalstocks | 0 comments | Continued(MTZ) MasTec Inc. – Value – Zacks Rank Buy
MasTec Inc. (MTZ), the builder of infrastructure, reported record revenue in 2008 and expects to see gains from the economic stimulus plan. The company has surprised the last 4 quarters by an average of 17.06%. MTZ has a PEG ratio of only 0.7. Company Description MasTec designs...
12Mar2009 | vitalstocks | 0 comments | Continued(PCR) Perini Corporation – solid 1-year return on equity (ROE) of 17.44%
Perini Corporation (PCR), the construction company which specializes in large, complex projects in the hospitality and gaming, sports and entertainment, and healthcare markets for both private and government customers, on Jan 15 announced it was acquiring Keating Building Corporation,...
3Feb2009 | Shawn | 0 comments | Continued(MTZ) MasTec – gains came from the company’s strategy to grow business with utilities customers as revenue doubled from last year
MasTec Inc. (MTZ) recently issued bullish 2009 guidance after closing on a $400 million acquisition. In November, the company reported all-time record quarterly revenue. MTZ is trading at 9.6x forward earnings. Company Description MasTec Inc. designs and builds infrastructure...
2Jan2009 | Shawn | 0 comments | Continued(MTZ) MasTec, Inc – significant efforts to expand amongst its utility customers
MasTec, Inc. (MTZ) has posted record revenue levels as it posted its fourth earnings surprise in the past 4 quarters. The company also reiterated its guidance for 2008 and 2009. Company Description MASTEC INC. is one of the largest providers of construction services to the telecommunications...
9Dec2008 | Shawn | 0 comments | Continued(MTRX) Matrix has surprised and beaten estimates in each of the last 2 quarters
Matrix Service Company’s (MTRX) share price appears to have found a short-term bottom, rebounding from a key level and climbing more than 50% in the last 3 weeks. In the meantime, estimates have held in higher ground, creating a value opportunity for a stock operating in...
29Oct2008 | Shawn | 0 comments | Continued(LAYN) – Layne Christensen Co – analysts responded to the second quarter earnings surprise by raising estimates
Layne Christensen Company (LAYN) has seen its stock fall in the market sell-off despite posting record revenues that grew 23.8% in the second quarter. LAYN has surprised on earnings 3 out of the last 4 quarters on average by 19.18%. Layne has a forward P/E of 8.05.Company Description Layne...
25Oct2008 | Shawn | 0 comments | Continued(LAYN) – Layne Christensen Co – analysts responded to the second quarter earnings surprise by raising estimates
Layne Christensen Company (LAYN) has seen its stock fall in the market sell-off despite posting record revenues that grew 23.8% in the second quarter. LAYN has surprised on earnings 3 out of the last 4 quarters on average by 19.18%. Layne has a forward P/E of 8.05.Company Description Layne...
24Oct2008 | Shawn | 0 comments | Continued(LAYN) – Layne Christensen Co – analysts responded to the second quarter earnings surprise by raising estimates
Layne Christensen Company (LAYN) has seen its stock fall in the market sell-off despite posting record revenues that grew 23.8% in the second quarter. LAYN has surprised on earnings 3 out of the last 4 quarters on average by 19.18%. Layne has a forward P/E of 8.05.Company Description Layne...
20Oct2008 | Shawn | 0 comments | Continued