Industry & Services >> Analyst Interviews >> June 6, 2005

Outlook For Engineering & Construction Companies: Alex Rygiel – Friedman, Billings, Ramsey Group Inc

Alex Rygiel is a Managing Director and Co-Head in the diversified industrials research group at FBR Capital Markets & Co. covering the engineering and construction, specialty contracting and building products markets. Mr. Rygiel has been a Member of the FBRC research team since 1998. Previously, he followed wireless services, environmental services and business services. Before joining FBRC, he was an Equity Research Associate at Donaldson, Lufkin and Jenrette, and Kidder, Peabody & Co. Mr. Rygiel has been recognized by as a number one stock picker for electrical equipment and one of the best earnings estimators for the engineering and construction industry. In 2009, he was recognized by Financial Times/StarMine as the number one stock picker in the construction and engineering sector. He also received a 2009 Blue Chip Analyst Award, ranking among the top five analysts in the construction and building materials segment. Mr. Rygiel holds a B.S. in financial management from Clemson University. Profile
TWST: What's going on in the engineering and construction industry from

a market perspective so far this year?

Mr. Rygiel: From a market perspective, we've seen very different trends

across a