Weakened results were in store for some publicly traded engineering and contracting firms for the quarter ending in June, with problem projects and delayed contracts shrinking their bottom lines.
KBR "mildly disappointed the street" in its second-quarter report, writes Jamie Cook of Credit Suisse. She cites delays in award decisions on large projects such as Canada's Kitimat LNG job, for which KBR is a strong contender, as one culprit. But she also says five "problem projects" are back on track, and KBR "is one of the best-positioned names" in the gas-monetization sector, building facilities to turn natural gas into commercial products.