Sebastian Obando

The Dallas-based company will design and build the plant in New Mexico to treat up to 18.8 million gallons of water per day.

Construction-related sales fell 7% year over year for the heavy equipment maker, whose financial health is seen as a bellwether for the industry.

A lack of clarity is impeding progress on projects amid one of the tightest presidential contests in recent memory, builders and economists say.

Federal funding is buoying overall construction activity, but projects outside the public realm could soon rebound, economists said.

The Baltimore-based contractors expect to finish the six-story facility by the summer of 2028.

An expectation of a more favorable regulatory environment brought positive reactions, though some are apprehensive about tariffs and the labor supply.

The New York City-based contractor expects the first building to open in 2025.

Project cancellations and delayed timing impacted the firm’s revenue results, said CFO Joe Brennan during the call.

Several nonresidential sectors contributed to October’s decline, according to Dodge Construction Network.

Builders feel upbeat about a pickup in activity over the next two quarters, according to Associated Builders and Contractors.