Corporate News

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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
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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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    Permission granted by Dominic Vecchione, DPR Construction
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    Enter Construction Dive’s annual Holiday Lights contest

    The deadline for the yearly competition to show off your company’s seasonal spirit is Dec. 16.

    By Construction Dive Staff • Dec. 2, 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
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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
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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
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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
  • Group of people holding a 'Women in the IUPAT Trades' banner at an event.
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    Permission granted by International Union of Painters and Allied Trades
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    Sponsored by International Union of Painters and Allied Trades

    Breaking 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
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    Michael M. Santiago via Getty Images
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    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 • Nov. 1, 2024
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    Justin Sullivan/Getty Images via Getty Images
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    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 • Oct. 31, 2024
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    Courtesy of Mycon General Contractors
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    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
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    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 • Oct. 29, 2024
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    Permission granted by Revette Studio
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    Executive Moves

    New 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 • Oct. 29, 2024
  • Rows of sustainable energy solar panels set up on farmland.
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    Tigerstrawberry via Getty Images
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    Executive Moves

    McCarthy 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 • Oct. 28, 2024