Corporate News

  • Construction site for new Intel chip factories in Chandler, Arizona
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    Permission granted by Intel

    Jacobs beats estimates, shares slump on currency headwinds

    The construction and engineering giant reported higher revenues and backlog, but interest and foreign currency exchange impacts weighed on its shares.

    By Nov. 22, 2022
  • woman on a construction site
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    Permission granted by Kitchell

    What this Kitchell exec loves about preconstruction

    Over her 18-year career in healthcare and higher ed construction, Julie Garcia has learned the importance of sweating the details and fixing problems early. 

    By Nov. 17, 2022
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images

    AECOM beats on earnings, misses on revenue

    The firm's CEO said slower-than-expected IIJA funding has pushed back the timeline of infrastructure construction projects.

    By Nov. 15, 2022
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    Courtesy of Gordie Howe International Bridge

    Fluor to pay $33M settlement in securities fraud lawsuit

    A federal judge in Texas granted the motion for final approval for the settlement between the contractor and investors.

    By Nov. 14, 2022
  • A computer positioned on a white background, with fields for payments on the screen. The product is a Procore product.
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    Courtesy of Procore

    Procore launches payment service

    The software giant announced that Procore Pay will streamline lien waiver collection and feature expedited invoice review.

    By Nov. 14, 2022
  • Three business people walking in a line, against a blue and purple background with emojicons varying from happy to sad faces
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    Permission granted by BambooHR
    Sponsored by BambooHR

    5 ways to improve employee retention before their first day and beyond

    Your employees are your business’s most valuable asset. That means employee retention is likely one of your top priorities, but it’s also increasingly difficult in the current job market.

    By Brian Anderson, BambooHR • Nov. 14, 2022
  • People walk away from the silver and glass Penn Station entrance.
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    Michael M. Santiago via Getty Images

    WSP posts rosy Q3 revenue and backlog, increases guidance

    The Montreal-based mega contractor also reported massive workforce growth in the past year, due in large part to its acquisition spree.

    By Nov. 10, 2022
  • A picture of the Silvio J. Mollo Federal Building in Manhatttan.
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    ajay_suresh via Flickr

    Project Wins

    Turner nabs $236M GSA contract in Manhattan

    The country’s largest GC will assume the role of construction manager as contractor on a modernization project at the Silvio J. Mollo Federal Building.

    By Nov. 10, 2022
  • A picture of Microsoft's headquarters in Redmond, Washington.
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    Ron Wurzer / Stringer via Getty Images
    Racism in Construction

    Judge dismisses construction worker’s discrimination charges against Microsoft

    A federal judge ruled the software company was not the employer of a construction worker who performed tasks for a Skanska-Balfour Beatty JV.

    By Nov. 9, 2022
  • A blurred image of trader on the floor of the New York Stock Exchange.
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    Michael M. Santiago via Getty Images

    Tutor Perini posts third consecutive loss of 2022, beats on revenue

    The contractor again pointed to the future for a profit turnaround, citing project execution issues and adverse legal rulings.

    By Nov. 7, 2022
  • Anirban Basu speaks at the 2020 World of Modular conference
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    Joe Beeton/Construction Dive

    Construction Dive’s 2023 conference guide

    It’s time to plan for next year and Construction Dive has you covered with a full list of the industry conferences, expos and meetings coming up in 2023.

    By Nov. 7, 2022
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    Courtesy of Gordie Howe International Bridge

    Fluor beats revenues estimates, misses on EPS

    Fluor posted higher-than-expected revenue during the third quarter, but three legacy infrastructure projects continue to cause challenges.

    By Nov. 4, 2022
  • Diverse Team of Specialists Use Tablet Computer on Construction Site
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    Sponsored by Newforma

    Finding common ground: Removing barriers to effective external collaboration

    The AEC industry is ready to improve external collaboration. But who takes the first step remains a question.

    Oct. 31, 2022
  • An aggregate facility stands in the foreground of dramatic mountains in Alaska.
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    Courtesy of Granite Construction

    Granite Construction’s profits flat, revenue falls in Q3

    The Watsonville, California-based contractor nonetheless raised its guidance, and expects a stronger 2023 as it burns the last of its less profitable projects and snags IIJA work.

    By Oct. 28, 2022
  • A photo shows the historic Ahwahnee Hotel in Yosemite National Park.
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    QueGar3 / iStock / Getty Images Plus via Getty Images
    Project Wins

    Tutor Perini snares 3 federal jobs for $164M

    Work will include hurricane repairs at a U.S. Coast Guard facility in Puerto Rico and an upgrade project at a historic hotel in Yosemite National Park. 

    By Oct. 24, 2022
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    Brandon Bell via Getty Images
    Q&A // Construction Inclusion Week

    Mortenson’s CEO on creating a playbook to respond to hate

    Dan Johnson talks about the importance of shining a light on jobsite discrimination and rooting out those who bring the industry down.

    By Oct. 18, 2022
  • Rivet II is the second building of a four-phase redevelopment project headed by New Jersey City University.
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    Courtesy of Arc Building Partners

    Construction management firm CEO: recession ‘feels like a self-fulfilling prophecy’

    Construction Dive talks with Frank Ciminelli, president and CEO of Buffalo, New York-based Arc Building Partners, about the pandemic, a potential recession and other challenges in the industry.

    By Oct. 11, 2022
  • long island rail road main line
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    Courtesy of Governor Kathy Hochul

    Jacobs completes nearly 10 miles of $2.6B rail expansion in New York

    Infrastructure expansion, such as the Long Island Rail Road project, should continue to boost Jacobs’ long-term business.

    By Oct. 6, 2022
  • Fluor worker
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    Courtesy of Fluor

    September 2022 Project Wins: The country’s top contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Oct. 6, 2022
  • Lendlease
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    Permission granted by Lendlease

    Lendlease Americas names new CEO

    Claire Johnston has overseen the firm’s military housing portfolio and its Bay Area development venture with Google.

    By Oct. 6, 2022
  • Sponsored by American Express

    American Express equips construction businesses with tools to help maximize growth

    Now is the time for construction business owners to ensure they have the right financial solutions in their toolbox.

    Oct. 3, 2022
  • Fluor worker
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    Courtesy of Fluor
    Project Wins

    Fluor selected for overseas manufacturing facility

    The Irving, Texas-based company will perform procurement and construction management for a biologics manufacturing plant in Denmark.

    By Sept. 30, 2022
  • Ford BlueOval City
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    Courtesy of Ford

    Ford breaks ground on $5.6B Tennessee EV project

    The construction of electric vehicle factories in the U.S. is expected to increase in coming years, especially due to backing from the federal government. 

    By Sept. 27, 2022
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    Sean Gallup via Getty Images

    Tetra Tech trumps WSP bid for environmental firm RPS Group

    The California-based contractor offered a 7.8% premium over the Canadian engineering giant’s price, but the fight may not be over.

    By Sept. 26, 2022
  • A silver cable-stayed bridge spans bright blue water.
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    Permission granted by WSP

    WSP completes environmental services purchase for $1.8B

    The Montreal-based contractor is on a buying spree to meet strong demand for climate-related work.

    By Sept. 22, 2022