KBR to Construct Ferguson's Ohio Center - Analyst Blog
12 Septembre 2013 - 3:40PM
Zacks
KBR Inc. (KBR)
recently announced that its Building Group has received a contract
from Ferguson Enterprises to build a distribution center in Celina,
Ohio. KBR has included the contract in the third quarter bookings,
but other financial details were not disclosed.
This new 400,000 square-foot
distribution center is expected to expand its operations to Ohio
State in order to better serve its customers. Further, Ferguson
intends to support 10 other regional centers in the U.S. through
this new center. The Ohio distribution center will maintain a fully
automated inventory system, which will be responsible for
restocking the inventory to the company’s warehouses according to
requirements.
The company already has operations
across 1,300 locations across North America. Ferguson Enterprises
is the largest distributor of Residential and Commercial plumbing
supplies and PVF. It is also one of the largest distributors of
HVAC and Waterworks in the U.S.
Prior to this, KBR was responsible
for the construction of Ferguson’s regional distribution center in
Waterloo, Iowa.
KBR’s Infrastructure business unit
primarily provides engineering, construction and project management
services on complex infrastructure projects. This unit provides
global focus and leadership in three key markets transport
(aviation, ports, rail and roads); water (water and wastewater);
and facilities (includes buildings and pipelines). The company has
a proven track record for building state of the art facilities and
infrastructure for advanced manufacturing, commercial/mixed-use,
healthcare and institutional clients.
KBR is a leading construction
company and currently holds a Zacks Rank # 3 (Hold). Other stocks
worth considering at the moment in the same industry are
Micheal Baker Corporation (BKR), VSE
Corp (VSEC) and Pernix Group Inc. (PRXG).
Micheal Baker Corporation currently holds a Zacks Rank #1 (Strong
Buy). VSE Corp and Pernix Group both carry a Zacks Rank #2
(Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis Report
KBR INC (KBR): Free Stock Analysis Report
PERNIX GROUP (PRXG): Get Free Report
VSE CORP (VSEC): Free Stock Analysis Report
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