Corporate News: Page 3
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Courtesy of Newark Liberty International Airport
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 -
Anna Moneymaker/Staff via Getty Images
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 Joe Bousquin • Nov. 25, 2024 -
Courtesy of Swinerton
Executive MovesSwinerton 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 Matthew Thibault • Nov. 25, 2024 -
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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 Julie Strupp • Nov. 21, 2024 -
Courtesy of Miami-Dade County Water and Sewer Department
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 Sebastian Obando • Nov. 20, 2024 -
Courtesy of Turner Construction
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 Joe Bousquin • Nov. 18, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
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 Julie Strupp • Nov. 12, 2024 -
cosmonaut via Getty Images
Project WinsBalfour 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 Julie Strupp • Nov. 12, 2024 -
Courtesy of Tutor Perini
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 Joe Bousquin • Updated Nov. 13, 2024 -
Permission granted by PCL
Q&AInfrastructure 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 Matthew Thibault • Nov. 11, 2024 -
Courtesy of Fluor
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 Sebastian Obando • Nov. 8, 2024 -
Permission granted by Maryland Stadium Authority
Executive MovesGilbane 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 Matthew Thibault • Nov. 5, 2024 -
Permission granted by International Union of Painters and Allied Trades
Sponsored by International Union of Painters and Allied TradesBreaking barriers and building futures: IUPAT leads the way at Tradeswomen Build Nations Conference
5,000 tradeswomen gathered in New Orleans for the TWBN Conference, celebrating progress and unity in the trades.
Nov. 4, 2024 -
Michael M. Santiago via Getty Images
Granite sees strong public markets through 2030
With just 40% of IIJA money slated to be spent by 2026, infrastructure work should be plentiful for years to come, according to CEO Kyle Larkin.
By Joe Bousquin • Nov. 1, 2024 -
Justin Sullivan/Getty Images via Getty Images
Caterpillar’s US revenues drop as demand slows
Construction-related sales fell 7% year over year for the heavy equipment maker, whose financial health is seen as a bellwether for the industry.
By Sebastian Obando • Oct. 31, 2024 -
Courtesy of Mycon General Contractors
Contractors announce hirings, promotions: October 2024
A new CFO for Leopardo Construction, a new president at Sundt and specialty sector moves in energy, manufacturing and water round out the latest news.
By Construction Dive Staff • Oct. 31, 2024 -
ArLawKa AungTun via Getty Images
Construction Partners buys Lone Star Paving for $654M plus stock
The Dothan, Alabama-based contractor’s purchase allows it to enter the rapidly growing Central Texas market.
By Julie Strupp • Oct. 29, 2024 -
Permission granted by Revette Studio
Executive MovesNew York GC taps new leadership for Carolinas and Northeast expansion
Rochester-based LeChase Construction appointed William Goodrich as chairman and Kyle Sayers as president to lead its growth plans.
By Sebastian Obando • Oct. 29, 2024 -
Tigerstrawberry via Getty Images
Executive MovesMcCarthy taps aerospace exec for renewables team
Kendra Kim will bring best practices from the aviation, space, steel and electronics industries to the St. Louis builder’s utility-scale solar group.
By Matthew Thibault • Oct. 28, 2024 -
Andrew Burton via Getty Images
Project WinsTutor Perini subsidiary to dig $1.1B water tunnel
The Kensico-Eastview Connection Tunnel will help provide a clean drinking supply to more than 9 million people in and around New York City.
By Joe Bousquin • Oct. 24, 2024 -
Retrieved from Chanen Construction on October 23, 2024
Executive MovesNewly acquired Phoenix contractor picks VP of business development
Chanen tapped Dean Howard to drive growth as it combines with Dick Anderson Construction.
By Julie Strupp • Oct. 23, 2024 -
JHVEPhoto/iStock Editorial/Getty Images Plus via Getty Images
Tutor Perini pulls guidance, anticipates Q3 loss
The Los Angeles-based contractor said it has resolved several disputes on past projects, resulting in $145 million in charges to the company.
By Joe Bousquin • Oct. 21, 2024 -
mrolands via Getty Images
Election 2024Harris, Trump nail down construction endorsements
As the election draws near, Kamala Harris and Donald Trump have earned nods from organizations across the building industry.
By Matthew Thibault • Oct. 17, 2024 -
Jacob Boomsma/iStock/Getty Images Plus via Getty Images
Haselden opens Montana office
The Denver-based contractor is expanding its reach beyond Colorado and Wyoming into the rapidly growing market around Bozeman.
By Joe Bousquin • Oct. 16, 2024 -
Courtesy of Sundt Construction
Executive MovesSundt Construction appoints new president, COO
Cade Rowley first joined the Tempe, Arizona, firm as an engineer.
By Julie Strupp • Oct. 11, 2024
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