30 September 2025 VINCI awarded a road design and build contract in New Zealand Design-build of a key section in Wellington Northern CorridorA contract worth approximately €120 million (NZD 237 million) As part of a consortium alongside Fulton Hogan, WSP and Aurecon, HEB Construction, a VINCI Construction subsidiary in New Zealand, has been awarded, on behalf of NZ Transport Agency Waka Kotahi, a contract to deliver a 12-kilometre section of a new four-lane highway (State Highway 1). Known as Ō2NL, and pa ...

Key Takeaways Comfort Systems USA gains from booming AI-driven demand for precision cooling solutions. MasTec benefits from AI data center growth, electrification, and reshoring megatrends. GE Aerospace and Howmet Aerospace see strong defense demand and rising commercial travel.The artificial intelligence (AI)-driven, astonishing bull run of 2023 and 2024 has continued into 2025. The AI frenzy looks rock solid as hyperscalers are increasingly opting for data center installations to support the massive growt ...

September 24, 2025 09:29 AM GMT China – Sentiment Tracker | Asia Pacific Targeted Tweaks in the Fall, Major Reforms Later? Exports stay firm, but September's domestic demand cools further. Expect modest, targeted quasi-fiscal support (infrastructure, local payables). Any major pivot will require 4th Plenum endorsement of the 15th FYP's rebalance agenda (cadre KPIs, social welfare unification, and housing inventory purchases). What's changed: Prices: Anti-involution impulse is fading: We have held the view t ...

SAN DIEGO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Fluor Corporation (NYSE: FLR) securities between February 18, 2025 and July 31, 2025, inclusive (the “Class Period”), have until November 14, 2025 to seek appointment as lead plaintiff of the Fluor class action lawsuit. Captioned Maglione v. Fluor Corporation, No. 25-cv-02496 (N.D. Tex.), the Fluor class action lawsuit charges Fluor as well as certain of Fluor’s top curren ...

NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Fluor Corporation (NYSE: FLR) between February 18, 2025 and July 31, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 14, 2025. SO WHAT: If you purchased Fluor securities during the Class ...

NEW YORK, Sept. 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Fluor Corporation (NYSE: FLR) between February 18, 2025 and July 31, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 14, 2025. SO WHAT: If you purchased Fluor securities during the Class ...

SAN DIEGO, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Fluor Corporation (NYSE: FLR) securities between February 28, 2025 and July 31, 2025. Fluor provides engineering, procurement, and construction (“EPC”), fabrication and modularization, and project management services worldwide. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-600 ...

CHANTILLY, Va., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $13 million task order under the National Nuclear Security Administration (NNSA) Counter Nuclear Smuggling System Deployment (CNSSD) multiple award task order contract (MATOC). The task order to deliver end-to-end support for counter-nuclear smuggling systems to countries in the Indo-Pacific region includes a one-year base performance period and six one-year option periods and is ...

Approximately $78 million in new contracts for the iconic Santa Monica Pier and Renton Transit Center highlight Shimmick’s expertise and West Coast growthIRVINE, Calif., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, has been selected for award on two new contracts that highlight its expertise in delivering critical transportation projects: the Santa Monica Pier Bridge Replacement Project in Califor ...

公司概况 * 公司为一家基础设施建筑公司 业务覆盖电力输送 清洁能源与基础设施 管道基础设施和通信四大板块[2] * 公司股票在过去一年里几乎翻倍[1] 核心业务板块表现与展望 电力输送 (Power Delivery) * 输电侧项目经历了漫长的开发周期 现正开始进入建设阶段 未来几年将有数十亿美元的机会[9] * 预计该板块今年调整后息税折旧摊销前利润(EBITDA)利润率将达到高个位数 近期目标是实现两位数增长[12] * 若能实现许可改革 将成为该板块及更广泛经济的有形价值驱动因素[10] 通信 (Communications) * 公司是美国最大的无线承包商 为AT&T等主要运营商服务[13] * 无线业务因设备更换计划和市场份额增加在去年实现了良好增长[13][14] * 未来增长将主要来自有线业务 驱动因素包括光纤渗透、家庭覆盖目标、网络密度提升以及数据中心互连需求[15] * BEAD计划（IIJA的一部分）预计将在2026年开始对业务产生影响[16] 管道基础设施 (Pipeline Infrastructure) * 客户对中游天然气前景非常乐观 公开和私下讨论都围绕已进入规划或达成财务投资决策的项目[17] * 2025年被视为过渡年 但公司已上调收入指引并实现良好的积压订单增长[18] * 对Permian盆地的外输能力分析显示 其产能可能因当前处于不同许可阶段的项目而翻倍[19] * 预计近期的产品输送需求将演变为支持本十年后期燃气发电的天然气需求[18][19] 清洁能源与基础设施 (Clean Energy & Infrastructure) * 公司客户对其基础设施部署有长期战略规划 项目已大部分安全港化 未因法规变化而出现加速或暂停[20] * 公司2025年已完全订满 并为2026年准备了健康的积压订单[22] * 市场上一部分经验较少的投资者可能会因系统限制（如互连、许可、材料供应）而退出[21] 其他基础设施业务 (Civil & Industrial Infrastructure) * 民用基础设施（主要是交通部DOT工作）约占该业务40% 工业部分（如传统燃气发电）占比低于10%[23] * 民用基础设施市场活动强劲 回报状况良好 合同结构和设备提供从投入资本角度看是公司内最佳之一[23] * 在工业业务上公司将更加专注於风险可控的项目 与有信心的业主合作[24][25] 跨板块增长驱动因素与风险 增长驱动因素 * 数据中心建设与人工智能(AI)是重要驱动因素 不仅影响设施建设 还带动对电力和通信互连的需求[5][6] * 国家电力需求因数据中心 供暖电气化 车队电气化 再工业化等因素出现数十年来首次增长[7] * 公司通过框架协议与客户深度整合 获得了更好的项目可见性 有助于更有效地部署资源并提高盈利能力[35][36] 潜在风险与关注点 * 执行是主要关注点 重点在於把握利润率扩张机会 通过提高效率 更有效利用设备来增长利润[27] * 在高需求环境下 需平衡增长与价值提取 谨慎选择客户和项目风险状况[27] * 人员培训是维持两位数增长的关键制约因素 公司已过度投资於培训（如全国30多个培训中心）[32][33] * 系统整合与数据可比性 准确性 及时性对驱动快速决策至关重要[30] 财务与资本管理 * 公司注重现金流转换 这是激励补偿的一部分 也是快速去杠杆化和获得资本配置灵活性的关键[40][41] * 资本配置上对并购持开放态度 但非必需 将专注于寻找能增加收益 拥有强大管理团队或互补服务的关键价值驱动型交易[42] * 财务表现上 除了利润率 还重点关注资产折旧（作为真实成本） 营运资本管理和设备投资[38] * 公司发布了面向回报的指标 已观察到更好的固定资产周转率和营运资本周期的压缩[39] 其他重要内容 * 第一季度生产相对清淡 存在季节性 公司正努力缩小这一差距以提高利用率和运营杠杆[29] * 公司业务在上半年实现了两位数增长（通信 电力输送 清洁能源） 同时实现了利润率扩张[28]