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Stock impact report

Q2 Earnings Review: Construction and Maintenance Services Stocks Led by Great Lakes Dredge & Dock (NASDAQ:GLDD) [Yahoo! Finance]

Great Lakes Dredge & Dock Corporation (GLDD) 
Last great lakes dredge & dock corporation earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: gldd.com
Company Research Source: Yahoo! Finance
Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years–. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies' offerings. The 13 construction and maintenance services stocks we track reported a satisfactory Q2. As a group, revenues missed analysts' consensus estimates by 1% while next quarter's revenue guidance was 2% below. Big picture, the Federal Reserve has a dual mandate of inflation and employment. The former had been runnin Show less Read more
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