1129

ZG15 INDEX

Share Pricing

Valuation

Ticker Name

Market

Close Beginning of % Month Change % Change EPS

EV/

EV/ Price/ Price/

Book Value

Jul. 31, 2015

Aug. 30, 2015

Month Change

Change

from 50 -day MA

Rev. EBITDA Sales

Cap

ACM AECOM Technology Corp NYSE

4.58B 2.93B

27.51

29.47

1.96

1.63

5.68% (0.68) 0.56 10.28 0.29 1.11 -32.51% 0.36 0.60 8.75 0.40 1.33 5.62% (2.68) 0.52 5.41 0.36 2.08 -2.67% 0.79 0.30 4.15 0.36 1.25

AMFW Amec Foster Wheeler

NYSE

0.00 #DIV/0!

(3.69)

CBI EEI

Chicago Bridge & Iron Co. NYSE

4.65B

39.66 11.60 44.25

44.87 10.61 48.28

5.21

13% -9%

2.36

Ecology and Environment Nasdaq 46.04M

(0.99)

(0.29)

EME EMCOR Group Inc

NYSE

3.06M

4.03 0.01 6.85 5.46 0.10 2.71 1.78 3.19

9% 1%

2.56 0.17 2.84 3.72

5.55%

2.57 0.45 8.41 0.47 2.05

ENG ENGlobal

Nasdaq 33.96M

1.03

1.04

16.25% 0.10 0.25 3.75 0.34 1.07

EXPO Exponent Inc.

Nasdaq

1.33B 6.96B

44.56 42.35

51.41 47.81

15% 13%

5.86% 8.19%

1.57 3.99 15.87 4.50 5.16 4.52 0.31 4.87 0.36 2.28

FLR

Fluor Corp

NYSE NYSE

HIL

Hill International Inc

173.57M

3.28

3.38

3% 7%

(0.08)

-2.36% (0.14) 0.49 6.98 0.29 1.15

JEC

Jacobs Engineering Group NYSE

5.09B 2.74B

37.43 16.66 21.90

40.14 18.44 25.09 10.33 26.90

1.81 0.89 0.86

4.62%

2.80 0.43 6.23 0.42 1.18

KBR KBR Inc.

NYSE NYSE NYSE

11% 15% -13% 11% -4% 10%

4.89% (7.46) 0.37 (31.28) 0.50 2.79

STN TRR

Stantec Inc

3.59%

1.34

TRC Companies

313.01M 11.83

(1.50)

(1.27)

-11.11% 0.66 0.65 6.54 0.77 2.10

TTEK Tetra Tech Inc.

Nasdaq

1.6B

24.31

2.59

0.58

2.24%

1.49 0.97 10.80 0.93 1.71

VSR

Versar Inc.

NYSE MKT 30.25M

3.36

3.21

(0.15)

(0.29)

-8.67% 0.14 0.23 6.94 0.17 0.77

WLDN Willdan Group Inc

Nasdaq

90.5M

10.14

11.11

0.97

0.49

4.44%

1.16 0.65 7.17 0.72 2.59

DJIA DOW Jones Industrial Avg. NYSE

16284.70 17663.54 1378.84 8%

*information at close of day Nov. 9, 2015

Average 0.72x 4.99x 0.73x 1.91x Median 0.49x 6.94x 0.4x 1.71x

POWER GENERATION AND INFRASTRUCTURE October was a month of recovery in price-per-share for many of the companies on the ZG Index. Ten firms bested their 50-day moving aver- age with earnest. Twelve firms had positive increases in price-per-share, and nearly half of the listed firms saw double-digit percentage growth increases in price-per-share. EMCOR , Exponent , and KBR all announced dividends to be paid based on performance for the previous quarter. However, AMEC Foster Wheeler , which has been struggling through the integration of two combined giants, cut its regular dividend payout by 50 percent in an attempt to make up for declining margins. The company has increased its cost-savings target from $55 million to $180 million by 2017. This resulted in a near 25 percent drop in price-per-share on November 5. The consolidation trend being seen at record numbers throughout all levels in the AEC industry continues this month and includes one within ZG Index’s giants. KBR and Stantec have reached a deal for the planned acquisition of KBR’s Infrastructures Americas Division. This will add 180 transportation, water/wastewater, and aviation professionals throughout Texas and Alabama to Stantec’s presence in the Gulf Region. TRC Companies has announced its execution of a purchase agreement for the Professional Services segment of Willbros Group , a Houston-based engineering and contracting company focused on

energy infrastructure, for the price of $130 million cash. Of that price, $43 million will go toward working capital and improving company liquidity, while the rest will go toward reducing the company’s long-term debt. Tetra Tech also got in the acquisition game this month with the purchase of Australian-based geotechnical and mining firm Coffey International Limited , with 3,300 staff around the globe and $407 million in reported revenue for fiscal year that ended June 30. Also, Westinghouse (Cranberry Township, PA), a private subsidiary of Toshiba (Japan), announced that it will purchase CB&I Stone & Webster , the nuclear construction and engineering division of CB&I . Despite a loss of $1 billion on the sale, CB&I washes its hands of liabilities associated with lawsuits stemming from Georgia Power , a subsidiary of Southern Company , the majority owner of Plant Vogtle in Waynesboro, GA. Westinghouse named Fluor as the new company in charge of construction management of the plants. Fluor received contracts for oil field work in the Middle East, while KBR is set to perform topside facilities for the North Sea oil fields. Jacobs Engineering also received several contracts; one for mining in Australia, another for a chemical plant in Belgium, and additional transportation contracts in Texas and the United Kingdom. Power generation and infrastructure were the driving forces in growth for the companies of the ZG Index in October, and the firms are taking advantage of the increased revenue and opportunities for external growth. — Ryan Renard, consultant.

THE ZWIEG LETTER is always looking for new stories, leaders to profile, and guest speakers to feature! If you have a story or profile idea, or if you would like to contribute to TZL, please email Managing Editor Andrea Bennett at abennett@zweiggroup.com. THE ZWIEG LETTER also now offers automatically renewing subscriptions! If you would like to reduce the emails you receive regarding the publication and reduce your subscription cost by 30 percent, email info@zweiggroup.com.

THE ZWEIG LETTER NOVEMBER 30, 2015, ISSUE 1129

Made with FlippingBook Annual report