Corporate News
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Construction's biggest executive moves in 2019
Some of the biggest players have appointed new leaders to maintain dominance as the industry anticipates headwinds.
By Kim Slowey • Nov. 20, 2019 -
AECOM has mixed results for FY, Q4 amid restructuring and strong backlog
The fourth-largest contractor in the country set a new revenue record overall despite a net loss as it continued to move away from some at-risk, self-perform construction work, exit countries and divest some business segments.
By Jenn Goodman • Nov. 12, 2019 -
Tutor Perini's Q3: Operating cash, revenue, profit and backlog all up
The general contractor said its ability to collect on disputed change orders bumped its operating cash to record levels.
By Kim Slowey • Nov. 08, 2019 -
Skanska scores 324% operating profit increase YoY in Q3
The Swedish firm said a focus on profitability rather than volume helped it beat analysts' estimates.
By Kim Slowey • Nov. 07, 2019 -
Fluor reports $782M loss in Q3 2019
Amid major restructuring, a potential $1 billion sale and focus on project selections that mitigate risk, Fluor recorded another substantial loss.
By Joe Beeton • Nov. 01, 2019 -
Granite Construction's Q3 income plummets 63% year over year
During the California-based firm's latest earnings call, CEO James Roberts reiterated the company's commitment to smaller, less risky projects after another quarterly loss.
By Jenn Goodman • Oct. 28, 2019 -
Bloomberg: Procore could be headed toward IPO with $4B valuation
The report is based on unnamed sources who said the move could come by year end, by which time the construction management software provider is anticipated to bring in $400 million in 2019 revenue.
By Kim Slowey • Sept. 25, 2019 -
Fluor seeks to sell 2 divisions for $1B
The E&C giant will also close some offices in hopes it can cut costs by $100 million per year following two consecutive quarterly losses that put the company more than $613 million in the red.
By Jenn Goodman • Sept. 24, 2019 -
Katerra brings new execs to the table
The builder brought on a new director of the board, chief financial officer and head of affordable housing after hiring a new chief operating officer last month, as it opens its mass timber factory this week.
By Joe Beeton • Sept. 18, 2019 -
Lendlease seeks buyers for troubled infrastructure division
While selling its Engineering Services Division, the Australian firm continues being a leader in U.S. mixed-use development.
By Jenn Goodman • Aug. 21, 2019 -
The top 10 residential construction companies of 2019
These companies dominate the homebuilding industry in the U.S.
By Construction Dive Editors • Aug. 13, 2019 -
Tutor Perini's Q2 marks near-record backlog, new group CEO
The company is turning over lead of its Building and Specialty Contractors division to the former president and COO of Zachry Construction Corp.
By Kim Slowey • Aug. 12, 2019 -
AECOM records strong Q3 amid ongoing changes
AECOM’s construction segment reported $1.9 billion in revenue and a 50% larger backlog year over year, following announcements last year that it was undergoing major changes akin to several other major contractors.
By Joe Beeton • Aug. 08, 2019 -
Fluor re-evaluates risk, project selection amid $555M Q2 loss
"We must take a more disciplined approach to risk assessment," CEO Carlos Hernandez said. "We're focusing on profitability and cash generation."
By Joe Beeton • Aug. 07, 2019 -
On $97M quarterly loss, Granite Construction shifts to smaller projects
Disputes on recent multi-billion-dollar projects in the firm's heavy civil sector have caused Granite to re-evaluate its project delivery methods and its roll in P3 contracts and JVs.
By Jenn Goodman • Aug. 03, 2019 -
Elon Musk's The Boring Co. raises $120M
Adding to the $113 million it raised last year, the infusion signals continued interest from outside investors in fueling the tunnel-drilling and transportation tech firm's current and proposed projects.
By Anying Guo • July 30, 2019 -
Caterpillar had to raise prices in light of tariffs last quarter
The steel and aluminum tariffs imposed in 2018 cost the construction equipment manufacturer an extra $70 million in the second quarter, making it hard to maintain margins.
By Shefali Kapadia • July 26, 2019 -
Consigli acquires T.G. Nickel
T.G. Nickel, a New York-based firm behind some of the highest-profile renovations and projects along the East Coast, will be rebranded July 1 as Consigli, a $1.6 billion company.
By Kim Slowey • June 27, 2019 -
Skanska chief says no more big write-downs: Bloomberg
One of the firm's ongoing strategies is to be more selective about the type of work it takes on.
By Kim Slowey • June 20, 2019 -
ENR's Top 400 2019: Bechtel holds No. 1 in market growth streak
Nearly 69% of the contractors participating in the list increased revenue in 2018 compared to a year prior.
By Kathleen Brown • May 24, 2019 -
OpinionThe top 10 reasons contractor succession planning has evolved
Societal and economic forces like the labor shortage and the rise of technology have changed the way construction business owners plan their next steps.
By Wayne Rivers • May 21, 2019 -
Hard hats to helmets: How Skanska, Clark are improving workers' last line of defense
Traditional hard hats account for falling objects, not falling workers. Some general contractors are providing a more effective layer of protection.
By Kathleen Brown • May 20, 2019 -
Martin-Harris/Turner recommended for final phase of $1.4B Las Vegas Convention Center project
The team beat out AECOM Hunt, The Penta Building Group and others competing for the construction manager at risk contract.
By Kim Slowey • May 13, 2019 -
12 contractors shortlisted for $5B of border wall contracts
The Army Corps of Engineers authorized the firms to bid on design-build and design-bid-build contracts for barriers, access roads, levee walls and more.
By Kim Slowey • May 13, 2019 -
InsiteVR integrates with Autodesk BIM 360 for immersive modeling
The virtual reality tool, which allows users from any location to collaborate on a design, is the latest to pair with Autodesk's construction management hub.
By Kathleen Brown • May 08, 2019
