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KBR to Construct Ferguson's Ohio Center - Analyst Blog
9/12/2013 9:40:00 AM
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).
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