Brent Thielman is a Managing Director, Senior Research Analyst covering the Engineering & Construction and Construction Materials sectors as well as select product manufacturers. His nearly 15 years of experience has emphasized research on companies serving a wide range of construction end markets, including industrial services, materials and manufacturers.
It's definitely starting to paint a better picture for that segment, especially versus what we've seen over the last three or four quarters. That's pretty consistent with a lot of other companies I cover.
Despite the benefits of a more diverse geographic U.S. platform and clear interest in expanding share here, latest reports/commentary indicate Argos management has been intent/focused on reducing its leverage ratio and improving financial flexibility with a target of 3.2x by June 2020.