Engineering Firms Set To Lift Guidance Despite Softer Bookings\n\nFinimize Newsroom\nabout 9 hours ago • 2 mins\n\nGet smarter in 3 minutes a day\nJoin the newsletter that everyone in finance secretly reads. 1M+ subscribers, 100% free.\n\nWhat’s going on here?\n\nEngineering and construction stocks are keeping their heads up this earnings season, with UBS expecting firms like Dycom, EMCOR, and Quanta to raise their outlooks for 2025 – even though new project orders dipped in the second quarter.\n\nWhat does this mean?\n\nUBS reckons Dycom Industries and EMCOR Group are set to clear Q2 expectations and boost their full-year guidance – what analysts call a \"beat and raise.\" Even with lighter new bookings, these firms plan to lift the lower end of their forecasts, signaling steady demand and solid execution. Quanta Services, known for on-time delivery and strong cash flow, just saw its price target bumped up to $474 from $413, while EMCOR’s rose to $715 from $570. Meanwhile, Centuri Holdings, MasTec, and Primoris look ready to fine-tune their guidance a bit higher, and Tutor Perini stands out for healthy growth in backlogs. Still, not every company’s in cruise control: KBR could trim next year’s earnings guidance, and Fluor’s results are expected to be a mixed bag, with slower new orders balancing out some better cash flow.\n\nWhy should I care?\n\nFor markets:Reliability is winning the day.\n\nEven as new contracts taper off, most major engineering firms are holding firm or even increasing their annual targets – showing that investors value consistent performance more than flashy contract wins. UBS’s bullish new price targets for Quanta and EMCOR reflect how cash flow stability and strong backlogs are taking priority over short-term momentum. With macro uncertainty sticking around, steady-eddy sectors like engineering may keep drawing investor attention.\n\nThe bigger picture:Infrastructure spending is still a backstop.\n\nThe fact that these companies are willing to lift their guidance, even with slower bookings, highlights the staying power of infrastructure investment in North America. With both public and private dollars at work, the sector is proving to be a stabilizing force for the economy – offering a cushion against short-term bumps. Upgrades to utilities, power grids, and other must-haves look set to keep the industry well-supported as the broader economic picture keeps shifting.

Engineering Firms Set To Lift Guidance Despite Softer Bookings

Engineering and construction firms are expected to raise 2025 guidance despite softer second-quarter bookings, with UBS predicting firms like Dycom, EMCOR, and Quanta to beat expectations. While some companies like KBR and Fluor face mixed results, others highlight strong cash flow and backlog growth as key drivers.