Corporate News

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    Denis Tangney Jr via Getty Images
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    December 2024 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders including Jacobs, Mortenson and Bechtel.

    By Construction Dive Staff • Dec. 19, 2024
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    Zach Gibson via Getty Images
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    TCJA extensions under Trump ‘very possible’: tax expert

    Provisions from the 2017 Tax Cuts and Jobs Act could survive the legislation’s 2025 expiration date, said Anchin’s Fred Barotz during a recent webinar.

    By • Dec. 19, 2024
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • A rendering depicts a sprawling emergency operations campus with several buildings, parking lots and a field of solar panels.
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    Courtesy of Turner Construction
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    Project Wins

    Turner lands $158M California emergency operations project

    The state center to enhance disaster response capabilities across Southern California includes an office building, warehouse and energy infrastructure.

    By • Updated Dec. 19, 2024
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    LUNAMARINA/iStock/Getty Images Plus via Getty Images
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    Executive Moves

    Suffolk snares DC-area lead from Consigli

    Philip Brault has moved over to the Boston-based firm to head its mid-Atlantic region and capitalize on growth in federal agency construction.

    By • Dec. 16, 2024
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    Courtesy of Jacobs
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    Project Wins

    Jacobs secures $249M award from Army Corps of Engineers

    The deal supports environmental projects across the Northwest, Alaska and Hawaii and marks the firm’s 15th award with the agency this year.

    By • Dec. 13, 2024
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    Gregory Clifford via Getty Images
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    Following long line of peers, Arizona builder becomes employee-owned

    Willmeng Construction, headquartered in Phoenix, is now the second-largest employee-owned general contractor based in the state.

    By • Dec. 11, 2024
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    Courtesy of Graycor
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    Executive Moves

    Graycor taps 33-year veteran as new CEO

    Dave Wing will be the first non-family chief executive the Illinois-based company has had in its 103-year history.

    By • Dec. 9, 2024
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    Alihan Usullu via Getty Images
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    Balfour Beatty predicts growth in year-end update

    The London-based builder projects a bump in revenue and backlog even as it said it faced delays in a number of its U.S. projects in the second half of 2024.

    By • Dec. 6, 2024
  • Northvolt’s large-scale lithium-ion battery manufacturing facility in Germany
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    Courtesy of Fluor
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    Executive Moves

    Fluor CFO Joe Brennan to retire after 30 years

    John Regan, currently Fluor’s executive vice president and chief accounting officer, will step into the role on March 1, 2025.

    By • Dec. 4, 2024
  • A shot from the ground of a lit-up crane, covered in holiday lights. It looms high in the night sky.
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    Permission granted by Dominic Vecchione, DPR Construction
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    Deadline extended for Construction Dive’s annual Holiday Lights contest

    Enter by midnight on Dec. 18 to show off your company’s holiday spirit in Construction Dive’s annual competition.

    By Construction Dive Staff • Updated Dec. 16, 2024
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    Courtesy of Skanska
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    Executive Moves

    Skanska picks intern-turned-executive as EVP

    Trevor Wyckoff, who joined the firm in 1998, will lead U.S. building operations in Oregon and Southwest Washington.

    By • Dec. 2, 2024
  • exterior of the Robert W. Goldsworthy Desalter facility
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    Courtesy of Water Replenishment District of Southern California
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    Project Wins

    Jacobs-McCarthy JV nabs $160M project in growing water sector

    The project will expand the Robert W. Goldsworthy Desalter facility in Southern California to treat up to 9 million gallons of brackish water per day.

    By • Dec. 2, 2024
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    Courtesy of Newark Liberty International Airport
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    November 2024 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country's biggest builders including Skanska, Turner and Balfour Beatty.

    By Construction Dive Staff • Nov. 27, 2024
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    Drew Angerer via Getty Images
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    Executive Moves

    WSP names new transit and rail business head

    Angela Schwarz will lead efforts to grow the firm’s presence in relevant markets and help oversee major transportation projects.

    By • Nov. 27, 2024
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    Anna Moneymaker/Staff via Getty Images
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    Public construction firms’ executives react to Trump win

    Noting the prospect of lower taxes and fewer permitting hurdles, construction company leaders were mainly optimistic in the wake of the presidential election.

    By • Nov. 25, 2024
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    Courtesy of Swinerton
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    Executive Moves

    Swinerton picks client-focused exec to lead corporate services

    Chris Chany helped grow the division’s portfolio from $300 million to just over $1 billion in revenue in four years, the firm said.

    By • Nov. 25, 2024
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    hapabapa via Getty Images
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    AECOM optimistic about permit reform under Trump

    The firm expects demand for water and other infrastructure work to remain strong, leaders said on a fiscal Q4 earnings call this week.

    By • Nov. 21, 2024
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    Courtesy of Miami-Dade County Water and Sewer Department
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    Demand for water, advanced facilities drive Jacobs’ growth

    The burgeoning sectors drove double-digit gains across the Dallas-based firm’s portfolio, according to the company’s earnings call.

    By • Nov. 20, 2024
  • A rendering shows the planned design of a sleek, $900 million hospital renovation.
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    Courtesy of Turner Construction
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    Turner targets advanced tech builds in leadership revamp

    With 40% of its revenues set to come from data centers, chip fabs and similar projects, the country’s biggest contractor is making moves to stay ahead of its growth.

    By • Nov. 18, 2024
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    WSP leaders rosy on US work post election

    The Canadian megacontractor reported higher revenue, profits and backlog in its third quarter, with plans for more acquisitions on the horizon.

    By • Nov. 12, 2024
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    cosmonaut via Getty Images
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    Project Wins

    Balfour Beatty snares $746M I-35 rebuild in Texas

    The London-based contractor will reconstruct 2.5 miles of the highway through downtown Austin and build a link to the future light rail line.

    By • Nov. 12, 2024
  • Four construction workers in reflective vests work on a partly-built concrete and metal bridge.
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    Courtesy of Tutor Perini
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    With $14B in backlog, Tutor Perini will pursue fewer bids

    There’s so much work and so few workers that the Los Angeles-based contractor is taking a hiatus from projects of $500 million or more.

    By • Updated Nov. 13, 2024
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    Permission granted by PCL
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    Q&A

    Infrastructure funds will continue to flow: PCL CEO

    Chris Gower said one of the firm’s top priorities is to adapt to changes coming from a second Trump term.

    By • Nov. 11, 2024
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    Courtesy of Fluor
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    Fluor profits fall; data center and nuclear work offer upside

    Project cancellations and delayed timing impacted the firm’s third quarter results, CFO Joe Brennan said during an earnings call last week.

    By • Nov. 8, 2024
  • Renovations complete at The Gatehouse, a two-level sports bar, at M&T Bank Stadium in Baltimore.
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    Permission granted by Maryland Stadium Authority
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    Executive Moves

    Gilbane taps 30-year veteran to lead field operations

    Jumanne Smith spent 20 years at Bethesda, Maryland-based Clark Construction before coming to Gilbane Building Co. for another decade.

    By • Nov. 5, 2024