Skanska Wins $99 Mln Contract To Build High School In Washington

Skanska signed a contract with the Issaquah School District to build a new high school in Issaquah, Washington, representing a confirmed construction contract win. The award modestly improves near-term revenue/backlog visibility for Skanska's U.S. operations but is unlikely to move the stock materially without disclosed contract value or schedule.

Analysis

Skanska signed a contract with the Issaquah School District to build a new high school in Issaquah, Washington, representing a confirmed construction contract win. The award modestly improves near-term revenue/backlog visibility for Skanska's U.S. operations but is unlikely to move the stock materially without disclosed contract value or schedule.