) 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
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
Pernix Group Inc
). Micheal Baker Corporation currently holds a Zacks Rank #1
(Strong Buy). VSE Corp and Pernix Group both carry a Zacks Rank
BAKER (MICHAEL) (BKR): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
PERNIX GROUP (PRXG): Get Free Report
VSE CORP (VSEC): Free Stock Analysis Report
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