Diversity and Management Restructuring Thwarts Recessionary Pull
18 März 2010 - 2:30PM
Marketwired
www.rothmanresearch.com - Diversified industrial companies face
difficult economic conditions across most of their markets with
some analyst saying the sector has lost its "defensive" appeal. The
U.S. economic downturn -- the principal cause for the decline in
domestic natural gas consumption -- coupled with the higher capital
investments for both environmental compliance and new generation
capacity has left the sector hanging on thin thread between
profitability and bankruptcy. A research report from leading equity
research platform www.rothmanresearch.com dissected the strategic
maneuvers of companies like
Fluor Corporation
(NYSE: FLR) and
McDermott International Inc.
(NYSE: MDR) to keep the global economic downturn at bay.
* Direct and free downloadable reports on Safeway Inc. and
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http://www.rothmanresearch.com/article/mdr/23361/Mar-18-2010.html
"The steps proposed by the Obama Administration in late March to
deal with the troubled banking system were received favorably by
the financial markets, but their implementation will require time
and their degree of success is uncertain, especially for the near
term," says Mathew Collier, head analyst at
www.rothmanresearch.com. "The construction industry and industrial
sector as a whole, who suffered heavily from divergent forces in
2009, will continue to suffer if they wait for reinforcement and
not adapt to global strategic standards," he added.
Amidst weak market confidence and worldwide economic conditions,
McDermott International Inc. delivered solid
results in 2009 compared to the same timeline in 2008 with most
earnings credited to the company's excellent bidding activity in
oil and gas. The company's liquidity improved sequentially to over
$1 billion with a relatively strong backlog. With a rebound in the
price of oil, bidding by McDermott has picked
up over the last several months and will likely drive more contract
awards through this year because projects deferred last year are
expected to soon start. Register now at
http://www.rothmanresearch.com/index.php?id=6&name=Register to
view the full report on this company.
On an equally interesting note, diversity and stringent
management rearrangements propelled Fluor
Corporation through the economic churn. Fluor
Corporation announced a consolidated backlog increase to $30.9
billion this quarter from onshore and offshore biddings. Corporate
G&A expenses are also down by $20 million due to lower
compensation related expenses and overhead cost reduction efforts.
Sign up today at
http://www.rothmanresearch.com/index.php?id=6&name=Register to
access the full report on this company.
About McDermott: It is a leading
engineering and Construction Company, with specialty manufacturing
and service capabilities. The Company provides its services to a
variety of customers in the energy and power industries, including
the U.S. Government. McDermott operates in 23 countries and has
over 20,000 employees.
About Fluor Corp.: It is one of the
world's largest publicly owned engineering, procurement,
construction, maintenance and project management companies.
Visit
http://www.rothmanresearch.com/index.php?id=6&name=Register to
see how these companies have grown over the past years and how they
will progress in the future. Companies looking for
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For More Information Contact: Mathew Collier
Service Sector Expert info@rothmanresearch.com
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