Market RisksThe volume of new work in emerging markets and with new customers carries inherent risks, which could lead to potential dislocations.
Revenue PerformanceRevenue of $3.25B was flat year-over-year and fell short of the $3.45B guidance due to delays in project starts, particularly in the Clean Energy sector.
Segment PerformanceClean Energy & Infrastructure revenues were negatively impacted by project delays, despite improved margins in renewables, infrastructure, and industrial sectors.