In recent business temperature checks of AEC and construction equipment sector firms, analysts see signs of post-pandemic recovery but continuing risks and warnings about over-optimism in estimating markets and financials.
瑞士信贷董事总经理杰米·库克（Jamie Cook）在10月5日的公开持有E＆C公司财务业绩的第三季度预览中说：“该集团的基本面保持健康，在积压待遇中的平均水平高度可见度。”她认为技术提高了劳动力效率，但也更大的风险来自较高商品价格的大型项目延期，持续的供应链中断以及缺乏可用的熟练劳动力。
对于公共设备制造商来说，“期望...非常谨慎”，客户由于市场不确定性而减少了扩张预测。库克说：“我们看到[制造商]的风险[制造商]的最高利润率和增量利润率，以及第四季度的生产削减风险。和2022年平均估计为7.7％。我们预计供应链风险...至少在2022年上半年将成为一个问题。”
库克说，大多数工业客户的需求“仍然是强劲的”，但“公司不愿意建造2022年的订单书，反映了成本上升的风险……2022年。”18luck.cub她预测，18luck官网随着成本不正常，没有18luck.cub商品价格上涨或重大供应链中断，收入增长和逐步利润率将有所提高，并且每股收益的潜力“在2022年后半部和2023年，每股收益上涨”。
AE和设计构建指标
Based on its October survey of 303 public and private design and design-build firm financials, management consultant AEC Advisors notes median organic revenue growth declining last year, with firms of $25 million or less falling to 2.9% from 18.8% in 2019, and large firms over $2 billion with negative 1.5% growth. down from 5.5% growth the previous year.
原子能委员会主席Andrej Avelini说小公司“working earlier in the project life cycle, with more private sector clients that cut spending more suddenly felt the impact of the downturn faster." He added that large firms "were more exposed to" downturns in international markets, where lockdowns were longer and stricter than in the US.
AEC顾问认为2022年的“强劲增长期望”，能源领域的工作“引领了路”，
行业顾问EFCG的执行合伙人丽贝卡·佐弗纳斯（Rebecca Zofnass）表示，“中位数并不讲故事”，其结果调查的190家AEC公司显示，收入趋势从-20％到40％以上。她说，“与先前的衰退相比，内部增长在2020年的影响较小，预计将更快地恢复到流行前水平。”中位数积压在2021年，而一年和六个月的水平都增加了。
EFCG表示，公司估计今年增长了5.6％，2022年的增长7％，预计2020年的利润率为13％，预计将在未来两年内持有，尽管Zofmass警告说“我们通常在行业中看到的过度解放偏见”。
Meanwhile, firm valuations are hitting new peaks with public markets and private equity buyers showing more interest in sector players performing in dynamic infrastructure, energy and climate change resilience markets that now also offer a "premium" because of environmental, social and governance (ESG) appeal to clients and investors.
The trend is set to accelerate with new proposed regulations on ESG investment reporting from the federalSecurities and Exchange Commissionand a美国劳工部提议的规则10月14日发表在联邦公报上，这将使ESG因素，尤其是气候变化，这是401（k）退休计划购买的资金的更突出的措施，这违反了特朗普规则限制了此类考虑。
顾问Morrissey-Goodale追踪的行业合并和收购今年迄今为止总计319人，合伙人米克·莫里西（Mick Morrissey）在10月8日表示，已经打破了2019年的全年记录。“我们在未知的水域中，”他说。
原子能委员会部门收购私人股本支持的现金are growing three times faster than public firms, with PE owners now expanding their buying interest to a wider array of companies, says AEC Advisors' Avelini. He says there now are about 80 PE-owned AEC firms, four times the number in 2010.
