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News Breaks | | | | January 11, 2013 | | 10:23 EDT |  | FLR, JEC, KBR | Fluor, Jacobs decline after competitor cuts guidance
Shares of engineering and construction companies Fluor (FLR) and Jacobs Engineering Group (JEC) are falling after one of their competitors, KBR (KBR), lowered its fiscal 2012 earnings per share guidance. KBR now expects its fiscal 2012 EPS to be $1.95-$2.10 excluding a goodwill charge for the third quarter, down from its previous forecast of $2.60-$2.80. The company also forecast that its fiscal 2013 EPS will be $2.45-$2.90, below analysts' consensus estimate of $2.96. KBR blamed the reduction in its 2012 guidance on project charges it expects to take for its Minerals and U.S. Construction businesses, along with higher than expected labor costs. The company expects its business to strengthen in the second half of 2013 as existing projects continue to advance. In mid-morning trading, Fluor dropped 1.44% to $61.73, Jacobs Engineering slid 1.15% to $44.67, and KBR tumbled 8.13% to $29.40. | |
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News For FLR;JEC;KBR From The Last 14 Days Check below for free stories on FLR;JEC;KBR the last two weeks. |
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| June 18, 2013 | | 17:25 EDT | | KBR | KBR intends to move forward with enforcement of award
 Subscribe for More Information | | | 07:51 EDT | | JEC | Jacobs Engineering selected by Department of Homeland Security
Subscribe for More Information | | | 07:49 EDT | | JEC | Jacobs Engineering awarded contract by Polimeri Europa UK
Jacobs Engineering Group announced that it was awarded a contract by Polimeri Europa UK, to provide engineering, procurement and construction management services to support a major expansion at Polimeri Europa UK's plant in Grangemouth, Scotland. Officials did not disclose the contract value, but noted that the project is expected to be executed out of Jacobs' Glasgow, Scotland office. Under the terms of the contract, Jacobs is providing EPCM services in collaboration with Polimeri Europa UK to support the installation of a new finishing line and the associated works. The expansion is expected to significantly increase Polimeri Europa UK's rubber production capacity at Grangemouth. | | | June 13, 2013 | | 16:15 EDT | | KBR | KBR awarded contract for EPCm services in South Africa
Subscribe for More Information | | | 08:51 EDT |  | KBR | KBR management to meet with Deutsche Bank
Subscribe for More Information | | | June 11, 2013 | | 07:49 EDT | | JEC | Jacobs awarded contract by U.K. Ministry of Defence
Jacobs Engineering Group announced that it was awarded a contract to provide integrated delivery advisor services to the Defence Equipment and Support, or DE&S, organization of the U.K. Ministry of Defence. Company officials did not disclose the contract value, but noted that under the terms of the contract Jacobs is supporting the Materiel Strategy program managed by DE&S. The DE&S is responsible for administering and managing an annual budget of approximately $28B for equipment, equipment support and a logistics acquisition program on behalf of the UK Armed Forces. | | | June 6, 2013 | | 10:38 EDT |  | KBR | KBR repeats FY13 EPS view $2.45 -$2.90, consensus $2.70
Subscribe for More Information | | | June 5, 2013 | | 07:27 EDT | | JEC, FLR | Credit Suisse to host a conference
2013 Engineering & Construction Conference is being held in New York on June 5-6. | |
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