Corporate News

Jacobs beats estimates, shares slump on currency headwinds

The construction and engineering giant reported higher revenues and backlog, but interest and foreign currency exchange impacts weighed on its shares.

By Sebastian Obando • Nov. 22, 2022

What this Kitchell exec loves about preconstruction

Over her 18-year career in healthcare and higher ed construction, Julie Garcia has learned the importance of sweating the details and fixing problems early. 

By Jennifer Goodman • Nov. 17, 2022

AECOM beats on earnings, misses on revenue

The firm's CEO said slower-than-expected IIJA funding has pushed back the timeline of infrastructure construction projects.

By Joe Bousquin • Nov. 15, 2022

Fluor to pay $33M settlement in securities fraud lawsuit

A federal judge in Texas granted the motion for final approval for the settlement between the contractor and investors.

By Sebastian Obando • Nov. 14, 2022

Procore launches payment service

The software giant announced that Procore Pay will streamline lien waiver collection and feature expedited invoice review.

By Matthew Thibault • Nov. 14, 2022

5 ways to improve employee retention before their first day and beyond

Your employees are your business’s most valuable asset. That means employee retention is likely one of your top priorities, but it’s also increasingly difficult in the current job market.

By Brian Anderson, BambooHR • Nov. 14, 2022

WSP posts rosy Q3 revenue and backlog, increases guidance

The Montreal-based mega contractor also reported massive workforce growth in the past year, due in large part to its acquisition spree.

By Julie Strupp • Nov. 10, 2022

Turner nabs $236M GSA contract in Manhattan

The country’s largest GC will assume the role of construction manager as contractor on a modernization project at the Silvio J. Mollo Federal Building.

By Joe Bousquin • Nov. 10, 2022

Judge dismisses construction worker’s discrimination charges against Microsoft

A federal judge ruled the software company was not the employer of a construction worker who performed tasks for a Skanska-Balfour Beatty JV.

By Joe Bousquin • Nov. 9, 2022

Tutor Perini posts third consecutive loss of 2022, beats on revenue

The contractor again pointed to the future for a profit turnaround, citing project execution issues and adverse legal rulings.

By Joe Bousquin • Nov. 7, 2022

Construction Dive’s 2023 conference guide

It’s time to plan for next year and Construction Dive has you covered with a full list of the industry conferences, expos and meetings coming up in 2023.

By Matthew Thibault • Nov. 7, 2022

Fluor beats revenues estimates, misses on EPS

Fluor posted higher-than-expected revenue during the third quarter, but three legacy infrastructure projects continue to cause challenges.

By Sebastian Obando • Nov. 4, 2022

Finding common ground: Removing barriers to effective external collaboration

The AEC industry is ready to improve external collaboration. But who takes the first step remains a question.

Oct. 31, 2022

Granite Construction’s profits flat, revenue falls in Q3

The Watsonville, California-based contractor nonetheless raised its guidance, and expects a stronger 2023 as it burns the last of its less profitable projects and snags IIJA work.

By Julie Strupp • Oct. 28, 2022

Tutor Perini snares 3 federal jobs for $164M

Work will include hurricane repairs at a U.S. Coast Guard facility in Puerto Rico and an upgrade project at a historic hotel in Yosemite National Park. 

By Joe Bousquin • Oct. 24, 2022

Mortenson’s CEO on creating a playbook to respond to hate

Dan Johnson talks about the importance of shining a light on jobsite discrimination and rooting out those who bring the industry down.

By Joe Bousquin • Oct. 18, 2022

Construction management firm CEO: recession ‘feels like a self-fulfilling prophecy’

Construction Dive talks with Frank Ciminelli, president and CEO of Buffalo, New York-based Arc Building Partners, about the pandemic, a potential recession and other challenges in the industry.

By Sebastian Obando • Oct. 11, 2022

Jacobs completes nearly 10 miles of $2.6B rail expansion in New York

Infrastructure expansion, such as the Long Island Rail Road project, should continue to boost Jacobs’ long-term business.

By Sebastian Obando • Oct. 6, 2022

September 2022 Project Wins: The country’s top contractors report their latest awards

Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

By Construction Dive Staff • Oct. 6, 2022

Lendlease Americas names new CEO

Claire Johnston has overseen the firm’s military housing portfolio and its Bay Area development venture with Google.

By Jennifer Goodman • Oct. 6, 2022

American Express equips construction businesses with tools to help maximize growth

Now is the time for construction business owners to ensure they have the right financial solutions in their toolbox.

Oct. 3, 2022

Fluor selected for overseas manufacturing facility

The Irving, Texas-based company will perform procurement and construction management for a biologics manufacturing plant in Denmark.

By Sebastian Obando • Sept. 30, 2022

Ford breaks ground on $5.6B Tennessee EV project

The construction of electric vehicle factories in the U.S. is expected to increase in coming years, especially due to backing from the federal government. 

By Sebastian Obando • Sept. 27, 2022

Tetra Tech trumps WSP bid for environmental firm RPS Group

The California-based contractor offered a 7.8% premium over the Canadian engineering giant’s price, but the fight may not be over.

By Julie Strupp • Sept. 26, 2022

WSP completes environmental services purchase for $1.8B

The Montreal-based contractor is on a buying spree to meet strong demand for climate-related work.

By Julie Strupp • Sept. 22, 2022