Encompass Services Corp. reported a 41 percent drop in earnings for the second quarter with $14.1 million, compared with $23.7 million in the year-earlier period. The company, which said it has seen $850 million in contracts cancelled by customers this year, forecast third-quarter earnings per share of 22 cents to 27 cents on earnings.
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For plumbers in Flint, Mich., “it’s been a heck of a year,” said Harold T. Harrington, a master plumber and pipefitter working as the business manager for Flint’s United Association of Plumbers and Pipefitters, Local 370. Read more stories in 2017 March Issue.