Corporate News
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AECOM reportedly in talks with WSP
Bloomberg reported that the acquisitive Canadian professional services firm approached the Los Angeles-based construction and engineering giant.
By Jenn Goodman • Jan. 14, 2020 -
The public construction firms to watch in 2020
Risk reduction, deleveraging and even bankruptcy are on the table for some of the industry's top publicly traded companies this year.
By Jenn Goodman • Jan. 10, 2020 -
Gilbane taps former Skanska CEO in leadership rearrangement
New additions to the team, which center around the company's New York and New England divisions, include former CEO and president of Skanska USA, Rich Cavallaro.
By Kim Slowey • Jan. 10, 2020 -
Top trends: 5 ways construction will evolve in 2020
Though the nation's second-largest industry seems like it doesn't change much, there are myriad, nuanced forces shaping the way contractors do business and buildings get built, and more so now than ever before.
By Joe Beeton • Jan. 07, 2020 -
Rosendin names new executive team for 2020
The $2 billion employee-owned electrical contractor is transitioning five officials into leadership roles, including CEO, as part of a retirement succession plan.
By Kim Slowey • Dec. 16, 2019 -
Katerra closing Phoenix modular building facility, laying off 200 workers
The California-based designer and builder of prefabricated components and mass timber modular units said it's on a growth path toward profitability next year despite having to close the 250,000-square-foot facility this month.
By Joe Beeton • Dec. 10, 2019 -
Dive Awards
Company of the Year: Haskell
Haskell not only embraces technology, but actively invests and innovates in the space to establish itself as a leader in a changing construction climate.
By Kim Slowey • Dec. 09, 2019 -
Dive Awards
Executive of the Year: Richard Kennedy, Skanska USA
Looking back on his 15 years leading one the nation's largest builders, he says, "You have to stand for something more than just quarterly and annual results," such as enterprising solutions that underline safety, diversity and inclusion.
By Kim Slowey • Dec. 09, 2019 -
STO, Layton to merge before year-end
Layton Construction and STO Building Group, formerly known as the Structure Tone Organization, announced the deal yesterday and said it would create one of the nation's largest construction firms.
By Kim Slowey • Dec. 05, 2019 -
McDermott receives NYSE delisting warning
As the company staves off bankruptcy, it must also remedy that its average closing price of common stock has fallen below $1 per share over a period of 30 consecutive trading days, the minimum for continued listing.
By Jenn Goodman • UPDATED: Dec. 16, 2019 at 8:58 a.m. -
AECOM's Michael Burke to leave, opening door for new CEO and new chairman
The firm also announced today an agreement that will add three Starboard Value members to its board. "The company is at a point of major change ... and the timing seems appropriate," an analyst told Construction Dive.
By Jenn Goodman • Nov. 22, 2019 -
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 sells troubled infrastructure business to Spanish contractor Acciona
The Australian firm, a leader in U.S. mixed-use development, sold its Engineering Services Division at a "bargain basement" U.S. $124 million.
By Jenn Goodman • UPDATED: Dec. 19, 2019 at 10:59 a.m. -
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
