Dismal 2002 Construction Market Batters Contractor Financials on Wall Street

Publicly held electrical contractors, as well as contractors in other trades, turned in mixed results in 2002, according to a recently released study by FMI Corp., Raleigh, N.C.

Earnings after taxes for the 38 construction contractors covered in the report actually climbed in 2002 to 1.7 percent from 1.4 percent.

But 2002 stock prices for two publicly held electrical contractors, Integrated Electrical Services (IES), Houston, and Quanta Services Inc., also based in Houston, bo

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