Corporate News

Fluor announces new organizational structure, plans to sell maintenance division

The Texas-based contractor says its updated organizational and reporting structure is better aligned with potential growth markets.

By Jenn Goodman • Jan. 12, 2021

SoftBank comes to Katerra's rescue with critical $200M investment, takes majority stake

The new arrangement will allow the modular manufacturer to move forward and focus on its core businesses, according to its CEO. 

By Kim Slowey • Jan. 06, 2021

Suffolk joins other firms in expanding New York City presence

A new strategic hire demonstrates the Boston-based contractor's commitment to growing its market share in the New York region.

By Jenn Goodman • Dec. 23, 2020

AECOM helps test New York City-area wastewater for signs of COVID-19

Health officials say monitoring wastewater can provide early indication of increases in infection rates and the effectiveness of vaccine deployment in specific areas.

By Jenn Goodman • Dec. 18, 2020

AECOM announces agreement to sell civil construction unit

The transaction will help the firm advance its strategy of focusing on higher-margin, lower-risk work, said CEO Troy Rudd.

By Jenn Goodman • Dec. 10, 2020

Dive Awards

Company of the Year: Turner Construction

The multinational firm has taken a leadership role against racism in the construction industry — even shutting down sites to conduct anti-bias training. That's why it is Construction Dive's Company of the Year.

By Kim Slowey • Dec. 09, 2020

Executive Moves: AECOM, Suffolk, Lendease, others announce promotions, new hires

Some of the country's top construction firms have announced changes to their leadership in the past few months.

By Kim Slowey • Dec. 02, 2020

Jacobs reports 6.5% revenue growth for 2020, plans for larger remote workforce

The Dallas-based construction and engineering firm will reduce its office space by 30% in the next few years as more of its employees shift to remote work.

By Kim Slowey • Nov. 25, 2020

AECOM beats Q4 estimates, sees opportunity in Biden administration

The firm exceeded analysts' expectations for earnings and revenue in its most recent quarter and sees potential growth for infrastructure projects next year. 

By Joe Bousquin • Nov. 17, 2020

Granite releases Q3 backlog numbers, says internal investigation 'substantially complete'

The California-based firm said its backlog of committed and awarded projects is worth $4.2 billion, and that it is evaluating the investigation's impact on its prior financial statements.

By Jenn Goodman • Nov. 11, 2020

Tutor Perini posts $1.4B Q3 revenue, highest in more than a decade

The COVID-19 pandemic has not significantly affected the company's operations, according to chairman and CEO Ron Tutor.

By Kim Slowey • Nov. 05, 2020

Fluor names 3rd CEO in 2 years

David Constable, former CEO of energy firm Sasol and a former long-time Fluor executive, will take over on Jan. 1 when Carlos Hernandez retires.

By Jenn Goodman • Nov. 03, 2020

AECOM brings on 2 New York Port Authority veterans

Following the hiring of two other local infrastructure experts, the new executives will help the firm deliver transportation projects in the region.

By Jenn Goodman • Oct. 27, 2020

Fluor reports delayed Q2 2020 results, $4.1B in revenue

Revenue was affected by COVID-19 challenges, the company said, and backlog was $29 billion.

By Jenn Goodman • UPDATED: Nov. 13, 2020 at 8:18 a.m.

Jacobs donates $8M to Dallas park expansion project

The construction and engineering firm will name the new green space The Jacobs Lawn.

By Jenn Goodman • Oct. 16, 2020

Top contractors name new corporate execs, board members

Fluor, AECOM, Granite, Gilbane and Jacobs have announced new leadership in recent months while dealing with COVID-19 and diversity challenges.

By Jenn Goodman • Oct. 12, 2020

Fluor announces $1.7B loss in delayed 2019 earnings report as SEC investigation continues

The company also suspended its guidance for 2020, saying that it has experienced "a significant shift in end markets in 2020 driven by volatility in commodity prices and the global disruption from the COVID-19 pandemic."

By Jenn Goodman • Oct. 01, 2020

Granite Construction names new president

The company's COO, Kyle Larkin, has taken over leadership from James Roberts, who had been CEO since 2010.

By Jenn Goodman • Sept. 28, 2020

Sacramento, California, contractor buys naming rights for sports-conference center

The sponsorship will help promote Roebbelen Contracting with people attending the Placer Valley Event Center as well as with construction job seekers, according to CEO Kenneth Wenham.

By Jenn Goodman • Sept. 22, 2020

Jacobs Engineering accelerating retrofits of COVID-19 vaccine manufacturing facilities

The pandemic has led to an increased reliance on construction technology and stressed the critical nature of in-depth planning, according to a Jacobs Engineering official.

By Kim Slowey • Sept. 10, 2020

Lendlease reports pandemic-driven loss for second half of its fiscal year

Despite the effects of the coronavirus, the company's core business development backlog saw a 48% increase year over year.

By Kim Slowey • Aug. 17, 2020

Balfour Beatty reports half-year loss amid plunge in UK construction market

Despite the downturn, CEO Leo Quinn said that the company expects to recover quickly, pointing to potential government infrastructure investment.

By Jenn Goodman • Aug. 13, 2020

AECOM ups guidance after mixed Q3 results, resumes talks to sell units

Essential status of its infrastructure projects insulated the firm from COVID-19 initially, and AECOM beat Wall Street estimates. But the results came on lower revenue, and private business slowed in June.

By Joe Bousquin • Aug. 05, 2020

Jacobs announces slight uptick in Q3 revenue, extensive diversity-inclusion plan

The Dallas-based global construction and engineering firm reported that third quarter revenue increased by nearly 3% compared to last year. It also provided details about a new diversity action plan for staff, subcontractors and vendors.

By Jenn Goodman • Aug. 04, 2020

Citing FIU bridge collapse, feds propose 10-year debarment for FIGG

The company, which has been suspended for the time being, faces an unusually lengthy debarment that would ban it from participating in federally funded projects with the exception of subcontracts valued at less than $30,000.

By Kim Slowey • Aug. 03, 2020