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Industry Report Card: North American Engineering & Construction Apr 04 Product Image

Industry Report Card: North American Engineering & Construction Apr 04

  • Published: April 2004
  • Region: North America, United States
  • Standard & Poors

FEATURED COMPANIES

  • Alcatel-Lucent USA Inc.
  • Fluor Corp.
  • Halliburton Co.
  • NRG Energy Inc.
  • Schuff International Inc.
  • The Shaw Group Inc.
  • MORE

Abstract
Modest signs of improvement in the domestic engineering and construction (E&C) sector occurred during the fourth quarter of 2003. There are some supportive indications for market recovery in 2004, such as a continued robust housing market, revival of certain end-markets, and statements from industrial manufacturers that the commercial and industrial construction sector has bottomed. In January 2004, the U.S. Census Bureau reported that total construction spending had increased to $931 billion, from $852 billion in 2001, and total construction spending increased 5.4% from the prior year. Still, most E&C and industrial firms remain only cautiously optimistic about near-term demand and do not expect to see significant recovery until 2005. Although market demand is generally becoming more favorable for E&C firms,...

Companies mentioned in this report are:
- Fluor Corp.
- Halliburton Co.
- Foster Wheeler AG
- NRG Energy Inc.
- Alcatel-Lucent USA Inc.
- Schuff International Inc.
- Great Lakes Dredge & Dock Corp.
- Integrated Electrical Services Inc.
- URS Corp.
- The Shaw Group Inc.
- SNC-Lavalin Group Inc.
- Quanta Services READ MORE >

- Fluor Corp.
- Halliburton Co.
- Foster Wheeler AG
- NRG Energy Inc.
- Alcatel-Lucent USA Inc.
- Schuff International Inc.
- Great Lakes Dredge & Dock Corp.
- Integrated Electrical Services Inc.
- URS Corp.
- The Shaw Group Inc.
- SNC-Lavalin Group Inc.
- Quanta Services Inc.
- EMCOR Group Inc.
- MasTec Inc.

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