Inability to churn out revenues as per estimates has resulted in highly leveraged balance sheets
The only remaining stable bastion of revenue and profit in the infrastructure arena—roads—is in jeopardy. Until two quarters ago, infrastructure firms and analysts were bullish on roads: there was robust increase in tolling revenue and healthy operating profitability. In contrast, other infrastructure businesses were in the doldrums. But recent news paints a grim outlook on roads too.