Encompass Lowers Revenue Forecasts, Issues Equity Up to $72.5 Million

Encompass Service Corp. has revised its 2002 forecasts to reflect lower-than-expected margins on future job awards, a competitive environment and a soft non-residential construction market.

The Houston-based provider of facilities systems and services, which predicted revenues as high as $3.9 billion in February, dropped its May forecast to between $3.5 and $3.8 billion, then lowered its revenue guidance again to between $3.4 billion and $3.6 billion.

Along with dropping forec

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