Engineer-contractor giant cited project impacts and less-than-expected energy business earnings, but market watchers see key areas of growth next year.
Narrow majorities in Congress and bipartisan support for existing infrastructure spending may complicate any broad shift in policy, ARTBA's Dave Bauer says.
Re-elected president is set to relax fossil fuel development curbs, including lifting a pause on approvals to build liquefied natural gas export terminals and a broader realignment of permitting and regulatory approaches, but states and advocacy groups are stepping up action on climate change.