Equity Research on McDermott International Inc. and Fluor Corporation - Heavy Construction Companies a Mixed Bag
21 March 2012 - 11:00PM
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McDermott International Inc. (NYSE: MDR) and
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Companies with operations in the Heavy construction industry,
such as McDermott International Inc. and Fluor Corporation have
been facing some challenges as of late. For those that have managed
to secure contracts and keep expenses in check, quarterly results
have been positive. However, a number of companies have been
struggling to do so. Get your free reports on McDermott International Inc. and Fluor
Corporation at
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One industry player that has seen success as of late has been
Fluor Corp. The company newly announced it has been awarded a
contract from the Department of Homeland Security's Federal
Emergency Management Agency, which could be worth as much as $500
million over five years. Fluor also turned in a solid 2011,
recently reporting net earnings of $594 million compared to $357
million for 2010. Fluor Corporation report is
accessible for free by registering today at
http://www.shinesrooms.com/FluorCorporation210312.pdf.
While some companies have been performing well, success has not
been uniform. McDermott managed to grow its 4th quarter revenues by
more than 51%, however, increased operating costs contributed to
4th quarter income from continuing operations shrinking to $9.3
million, as compared to $45.5 million during the same period last
year. McDermott International Inc. report is
accessible for free by registering today at
http://www.shinesrooms.com/McDermottInternationalInc210312.pdf.
The two Heavy Construction stocks research
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www.shinesrooms.com.
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