Corporate News


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    "ASE" by LeoTar is licensed under CC BY-SA 3.0

    Procore to expand into fintech services, CEO says

    The company’s new system would purchase materials for subcontractors, securing payment against the property itself using lien rights.

    By Aug. 10, 2022
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    400tmax via Getty Images

    AECOM raises guidance amid higher profits, lower revenue

    Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.

    By Aug. 9, 2022
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    Unsplash.com; Photographer/priscilla-du-preeze

    Sponsored by Unanet

    Pitch perfect: An AEC marketer’s guide to winning proposals

    Ready to raise your proposal game, increase win rates and fill your pipeline with more clients and projects your firm desires?

    Aug. 8, 2022
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    Permission granted by Fluor

    Fluor misses on estimates, trims guidance

    The Irving, Texas-based company reported an 11% revenue decrease and narrowed its high-end guidance.

    By Aug. 5, 2022
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    Spencer Platt via Getty Images

    Tutor Perini posts wide-ranging loss, pulls guidance for 2022

    The Los Angeles-based contractor blamed reduced project execution, COVID-19 impacts and a reversal of previously awarded legal damages for its results, which came in far below analysts’ expectations. 

    By Updated Aug. 5, 2022
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    Michael M. Santiago/Staff via Getty Images

    Amazon slows network expansion in response to cooling customer demand

    The e-commerce giant estimates 40% of its capital investments this year will go toward warehouses and transportation capacity, down from 55% in 2021.

    By Max Garland • Aug. 4, 2022
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    valio84sl via Getty Images
    Project Wins

    Granite chalks up 3 highway wins for combined $78M

    The firm nabbed the projects in California and Texas as part of its new “home market” strategy.

    By Aug. 3, 2022
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    Permission granted by NASA

    Jacobs reports higher profits, more backlog but forecasts weak fourth quarter

    The Dallas-based technical, professional and construction services firm beat both earnings and revenue estimates, but lowered its guidance for Q4.

    By Aug. 2, 2022
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    Courtesy of Granite Construction

    Granite’s Q2 profit, revenue dip as company continues strategic shift

    The Watsonville, California-based civil contractor said the infrastructure act remains a bright spot ahead as it battles labor woes and works through less profitable projects.

    By July 29, 2022
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    JasonDoiy via Getty Images

    Samsung proposes $191B Texas semiconductor project

    A critical factor for this potential massive investment in Taylor, Texas, is the passage of the CHIPS Act, currently under consideration by Congress.

    By July 25, 2022
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    Courtesy of Sellafield

    Jacobs wins $310M UK nuclear site project

    The Dallas-based construction firm will deliver civil, mechanical and electrical engineering services for one of Britain’s most complex nuclear sites.

    By July 22, 2022
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    Courtesy of Amazon

    Not just warehouses: Amazon pulls back on office projects, too

    The e-commerce giant said it's pausing buildouts on six office towers in Bellevue, Washington, as well as another in Nashville, Tennessee.

    By July 15, 2022
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    Permission granted by Fluor

    Fluor wins contract for Gulf Coast liquefied natural gas project

    It’s the second offshore modular mid-scale LNG plant contract that Fluor has received from New Fortress Energy in 2022.

    By July 13, 2022
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    Courtesy of Granite Construction

    How a $55M Alaska highway win reflects Granite's new strategy

    The Knik-Goose Bay Road project near Wasilla checks several boxes for the California contractor’s recent approach of pivoting away from high-risk, longer time frame projects. 

    By July 8, 2022
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    Permission granted by Webcor
    Q&A

    Webcor exec rotated through a range of roles to achieve her latest promotion

    The senior vice president of planning urges other women in the industry to think long term and “bring their authentic voices to the table.”

    By July 6, 2022
  • People congregate outside of the LDJ5 Amazon Sort Center on April 25, 2022 in New York City.
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    Michael M. Santiago/Staff via Getty Images

    Amazon cancels, delays wave of warehouse projects as e-commerce demand cools

    Shifts in plans have affected at least 13 facilities, including locations in Texas, Florida, Louisiana, Tennessee and California, according to local news reports.

    By Max Garland • July 5, 2022
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    Stephen Brashear/Stringer via Getty Images

    Court summons Microsoft, Skanska, Balfour Beatty in bias suit

    A Black construction worker alleged in federal court documents that he found a sign that said "This is not a safe space" after a supervisor told him he didn't like Black people. 

    By June 29, 2022
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    Michael M. Santiago/Staff via Getty Images

    Why Amazon's warehouse pullback is good news for contractors

    The e-commerce giant has slowed its building spree, freeing up hard-to-find materials and land for other projects in the booming sector.

    By June 13, 2022
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    Permission granted by Symbotic

    Walmart plots 4 new 'next generation' fulfillment centers

    The facilities incorporate an automated storage and retrieval system while also employing 4,000 new workers, and could serve 75% of the U.S.

    By Ben Unglesbee • June 8, 2022
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    Permission granted by Bryden Wood

    UK prefab design company targets US expansion

    Bryden Wood's "kit-of-parts" approach leverages components that are similar on each project while also providing opportunities for customization.

    By May 25, 2022
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    LinkedIn Sales Solutions/Unsplash.com

    Sponsored by Unanet

    Is the seller-doer model right for your AEC firm?

    Read on to find out what factors to consider before making the switch and how to set your seller-doers up to thrive.

    May 23, 2022
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    Joe Raedle via Getty Images

    Balfour Beatty Communities faces new scrutiny for military housing as parent company wins DOD contract

    A Senate subcommittee report alleged untreated mold growth, cracked floor tiles held together by packing tape and broken appliances.

    By Leslie Shaver • May 18, 2022
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    Permission granted by Clark Group

    Clark announces expansion in mid-Atlantic

    The country's 13th largest contractor will add office space in Virginia and Maryland this year to help expand its regional footprint.

    By May 17, 2022
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    D. Lentz via Getty Images

    The top 10 residential builders of 2022

    Dallas, Texas-based D.R. Horton remains at the top of the list for the 20th year in a row with 81,981 homes closed last year.

    By Mary Salmonsen • May 16, 2022
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    The image by Reg Natarajan is licensed under CC BY 2.0

    WSP beats earnings expectations, maintains guidance

    The Canadian contractor saw strong backlog growth in the first quarter and said its 2022 plans already account for inflation. 

    By May 13, 2022