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In his first earn -call call as CEO of Irving, Jim Breuer, based in Texas, he addressed questions about how they affect the current contractor and rate policies for the contractor and his clients.
Breuer, ex -oo of the company, took the reins on May 1 by David Constable, who went on to the role of executive chairman.
During the call with analysts on May 2, Breuer spoke about the current economic sentiment in the United States, saying that fluorine customers always seek the best way to deploy their capital in projects.
“Decisions include where to build, the size of the facilities, the best solution of the supply chain and the calendar of the projects,” he said.
President Donald Trump Blanket rates and the uncertainty they have created have led Many developers to remove —S In projects. Breuer said that so far Fluor has not seen it with most of its customers.
Jim Breuer
Courtesy of fluorine
“We are seeing that customers advanced in their projects where there is a clear market time driver,” he said. “They don’t slow down.”
However, he said, some more sensitive customers to GDP growth and growth require “more clarity in the market and certain costs” before committing to final investment decisions. Breuer said that energy and copper mining projects “require a little more certainty.” The projects in the advanced space of the technology and the life sciences of the company and the solutions of missions, however, have greater clarity and remain as planned.
“It is not surprising that the whole business community is carefully looking at what has happened to trade negotiations when we hope that there are some good news about certain fronts in the coming days and weeks so that we can begin to see a little clarity in the broadest image,” he said.
Another public contractor, Watsonville, in California, said last week that the rates I have not significantly affected their business so far. But he also said that these policies could lead to higher costs for their team teams in the coming months.
“We hope that there will be some cost increase in the teams, increasing pieces, some repair costs will increase,” said Grandite’s CEO, Kyle Larkin, to the analysts at a conference to discuss the results of the first quarter. “So they will happen these things and we have been browsing this environment.”
P1 earnings
Fluorine Lost $ 241 million in the first quarter from 2025, compared to $ 59 million obtained in the first quarter of 2024. His income reached $ 3.98 billion, about a gain of about 6% year after year.
The company’s decline dropped to $ 28.72 million, around a 12% fall over a year. The new prizes for the first quarter reached $ 5.81 billion, a 17% fall compared to $ 7 billion in the new awards reported in the first quarter of 2024.
In the earnings call, the firm highlighted several awards, including 671 million dollars per A construction contract for Texas Dot In the area of the University Station. The project consists of widening a 12 -mile section of the two -lane road to three in each direction. The construction will begin this summer.
