Corporate News


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    Spencer Platt via Getty Images
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    Granite posts profit for 2023, earns $26M in Q4

    The California-based road builder’s pivot to small jobs is paying off, but charges from outstanding legacy projects left a blot on its quarterly results.

    By Feb. 23, 2024
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    Courtesy of Fluor
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    Fluor reports $21M loss, higher backlog

    Strong awards and cash generation were countered by a large negative charge, according to one financial research analyst.

    By Feb. 21, 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
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    Shutterstock/ f11photo

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    Kraus-Anderson buys healthcare-focused Phoenix builder

    Sonoran Crest Construction is the first acquisition for the 126-year-old Minneapolis firm.

    By Feb. 13, 2024
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    Christopher Furlong via Getty Images
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    AstraZeneca to invest $300M in US cell therapy plant

    The U.K. drugmaker is adding a facility in Rockville, Maryland, after a spate of dealmaking in the therapeutic field.

    By Kristin Jensen • Feb. 13, 2024
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    The image by Wally Gobetz is licensed under CC BY 2.0
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    AECOM Q1 revenue, profits up as backlog dips

    CEO Troy Rudd cited strength in water, resilience and other infrastructure markets, but the firm pulled two previously announced deals from its development pipeline.

    By Feb. 7, 2024
  • Aerial shot of TSMC's $40 billion construction project in Phoenix, Arizona
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    Permission granted by TSMC
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    Jacobs profits, backlog jump amid advanced manufacturing boost

    The Dallas-based company continues to add notable wins in its water infrastructure projects, according to the firm’s first quarter results.

    By Feb. 6, 2024
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    Igor Kutyaev via Getty Images
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    Builders announce executive moves to start 2024

    Many major contractors made changes to their C-suites in the first several weeks of the year.

    By Construction Dive Staff • Feb. 5, 2024
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    Courtesy of Intel.

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    Intel’s $20B Ohio plant delayed

    The semiconductor giant has halted its Licking County project, citing business conditions and the demand environment, but said construction will continue soon.

    By Feb. 5, 2024
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    Permission granted by Blach Construction
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    Executive Moves

    Blach Construction names industry veteran as CFO

    Alex Llerena has more than 30 years of experience including stints at Bechtel, Cemex and Bradley Electric.

    By Feb. 2, 2024
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    Drew Angerer via Getty Images
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    Executive Moves

    STO Building Group makes 2 more executive appointments

    President Michael Trovini and Chief Risk Officer Scott Allan previously worked at Related Cos.

    By Jan. 31, 2024
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    The image by Wally Gobetz is licensed under CC BY 2.0
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    January 2024 wins: 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 • Jan. 31, 2024
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    Courtesy of Kalahari Resorts and Conventions
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    Executive Moves

    Hensel Phelps names new president, other leaders

    The Colorado construction giant has tapped Brad Jeanneret and added new executive roles: chief administrative officer and chief health and safety officer.

    By Jan. 31, 2024
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    Denis Tangney Jr. via Getty Images
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    Suffolk opens new Portland, Maine, office

    The Boston-based builder will use the location to grow its presence in the education and healthcare building markets in Northern New England.

    By Jan. 25, 2024
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    sorn340 via Getty Images
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    What contractors need to know for 2024

    It’s anyone’s guess what will happen in the next 12 months, but these insights from construction pros can help bring the year into focus.

    By Construction Dive Staff • Jan. 25, 2024
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    gorodenkoff via Getty Images
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    Most leaders want to invest more in tech skills, talent in 2024

    More executives see talent gaps as a key business risk in the next 18 months, compared to last year's responses to a Capgemini survey.  

    By Roberto Torres • Jan. 24, 2024
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    Permission granted by Big-D Construction
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    Executive Moves

    Big-D Construction appoints Midwest president

    The Salt Lake City-based contractor named Cory Schubert to run its St. Paul, Minnesota, office.

    By Jan. 23, 2024
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    Courtesy of Clayco
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    Q&A

    Clayco’s new St. Louis president pivots from furniture industry to construction

    Former Herman Miller executive Elizabeth Zucker sees overlap in the two sectors, including staff talent and modular solutions.

    By Jan. 23, 2024
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    Courtesy of McCarthy Building Cos.
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    Executive Moves

    McCarthy continues executive buildout with new COO

    The appointment of Joe Jouvenal to the operations role is the second C-suite move the contractor has announced in the past two months.

    By Jan. 19, 2024
  • A black U.S. Environmental Protection Agency sign on a tan building and placed next to glass double-doors.
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    Sara Samora/Construction Dive
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    Swinerton to pay $2.3M fine over alleged Clean Water Act violations

    The San Francisco builder’s penalties stemmed from allegedly failing to use proper stormwater controls and conduct regular inspections across four solar farm sites in three states.

    By Jan. 18, 2024
  • Aerial shot of TSMC's $40 billion construction project in Phoenix, Arizona
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    Permission granted by TSMC
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    Phoenix leads in manufacturing construction

    The city has seen 14 major projects since 2020, and plants are cropping up in other areas with the labor pool to staff them, said a new report.

    By Jan. 18, 2024
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    Courtesy of Swinerton
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    Executive Moves

    Swinerton taps new COO following executive shuffle

    Ray Haj will succeed David Callis, who became the contractor’s new CEO earlier this month.

    By Jan. 17, 2024
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    Courtesy of Hill & Wilkinson
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    Executive Moves

    Hill & Wilkinson names new CEO in executive shuffle

    COO Mike Oswald will succeed Paul Driscoll in heading the Richardson, Texas, general contracting firm, among other leadership moves.

    By Jan. 12, 2024
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    R.M. Nunes via Getty Images
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    Stantec acquires Morrison Hershfield, boosts Canadian presence

    Edmonton-based Stantec, which has more than half of its offices in the U.S., will grow its workforce in Canada by 10%.

    By Jan. 10, 2024
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    Courtesy of Balfour Beatty
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    Executive Moves

    Balfour Beatty names US civil CFO

    Jenni Kelley will be the next chief finance executive for the London-based builder’s infrastructure arm in the U.S.

    By Jan. 9, 2024
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    Permission granted by Modular Building Institute
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    Sponsored by Modular Building Institute

    The 2024 World of Modular returns to Orlando for industry’s biggest event

    The biggest event in commercial modular construction returns to Orlando, FL, March 18-21, 2024.

    Jan. 8, 2024