Market RiskThe volume of new work in many new markets and with new customers always carries risk, leading to potential dislocation.
Revenue PerformanceRevenue of $3.25B was flat year-over-year and fell short of the $3.45B guidance due to project start delays, particularly in Clean Energy.
Segment PerformanceDespite improved margins in renewables, infrastructure, and industrial, Clean Energy & Infrastructure revenues were negatively impacted by project delays.