Question · Q4 2025
Randy asked about the 'inning' of mega project spend, seeking a longer-term outlook beyond 2026, given the expectation of another strong year. He also requested more color on the cost actions mentioned in the prepared remarks to offset headwinds and their expected contribution to margins and progression throughout the year.
Answer
Ted Grace, Chief Financial Officer, stated that the outlook for mega projects is very healthy and not in the later innings, driven by 6-8 tailwinds including infrastructure, technology, power, and data centers. Matthew Flannery, President and Chief Executive Officer, explained that cost actions are focused on mitigating repositioning costs through improved tools and oversight, along with other hard cost reductions. He noted that benefits would build throughout the year, not as a 'light switch,' with more mitigation opportunities arising during peak volume quarters.
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