Corporate News

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    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
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    "IKEA Singapore" by Karl Baron is licensed under CC BY 2.0

    Ikea to invest more than $3B in stores

    Ikea's largest franchisee, Ingka Group, will work to update its physical locations across 32 markets to support the retailer's online operations.

    By Caroline Jansen • May 12, 2022
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    Courtesy of Bechtel

    Bechtel launches division targeting manufacturing, tech

    The company's former CFO, Catherine Hunt Ryan, will lead the new unit that eyes markets such as semiconductors, electric vehicles and data centers.

    By May 11, 2022
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    "ASE" by LeoTar is licensed under CC BY-SA 3.0

    AECOM earnings rise, shares fall on maintained guidance

    The Dallas-based contractor posted higher profits and slightly lower revenue for the first three months of 2022, but investors flinched when it didn't raise guidance for the rest of the year. 

    By May 10, 2022
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    Gustavo Caballero via Getty Images

    Shawmut expands in Florida amid growing demand

    The West Palm Beach location is the company’s second South Florida office and its 11th nationwide.

    By May 10, 2022
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    Revenue, backlog drop but Fluor maintains guidance

    The Texas-based global contractor continues to reduce its outstanding debt, but past declines in oil prices and lockdowns in China weigh on its operations.

    By May 9, 2022
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    Spencer Platt via Getty Images

    Despite $21.6M loss, Tutor Perini sticks to its guidance

    The Los Angeles-based infrastructure giant reiterated its full-year outlook, even though it went into the red in the first quarter.

    By May 5, 2022
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    Red Huber / Stringer via Getty Images

    Jacobs posts higher profits, backlog in second quarter

    While the company maintained its midrange guidance, it lowered the high end of its projected profits, citing geopolitical concerns.

    By May 4, 2022
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    Permission granted by Oracle
    Sponsored by Oracle

    New Industry Lab drives construction innovation

    Join us to turn construction ideas into innovations at the Oracle Industry Lab.

    May 2, 2022
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    Courtesy of Granite Construction

    Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects

    The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.

    By April 29, 2022
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    Permission granted by CalMod

    Top firms land new infrastructure, government deals

    Companies such as AECOM and WSP have recently pulled in big-ticket contracts including work for NASA, the Navy and the Department of Energy.

    By Jeffrey Steele • April 22, 2022
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    Denis Tangney Jr. via Getty Images

    LeChase Construction acquires Albany, New York, contractor

    The procurement of Sano-Rubin Construction Services will allow LeChase to pursue a wider range of projects including healthcare, education, hospitality and multifamily.

    By April 19, 2022
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    Permission granted by Associated Builders and Contractors

    ABC's Young Professional of 2022: Attitude more valuable than skill

    Honoree Luke Perry, vice president at Perry Contracting, spoke to Construction Dive about getting the next generation of workers excited about the trades.

    By April 11, 2022
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    Sponsored by Merchants Bonding Company

    Hurry Up and Wait: Bid bond claims arising from a delayed award

    Bid bonds protect project owners against the cost of rebidding a project if the low bidder does not accept the contract. But what if the owner's delays in selecting a contractor are the catalyst for the claim?

    By Gina Lockwood, Director of Claims, Merchants Bonding Company • April 11, 2022
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    Sitthiphong via Getty Images

    Contech companies' revenue booms amid pandemic, supply chain issues

    Firms of all sizes have prospered since COVID-19 challenges pushed contractors toward wider tech adoption.

    By April 6, 2022
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    Sponsored by Unanet

    Like it or not, you're leaving a legacy: How AEC leaders can impact clients and workforce

    What is an AEC legacy? Whether you plan on retiring, selling or merging, your legacy is unavoidable.

    March 28, 2022
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    Sponsored by Highwire

    The Partner Elevation Pledge: Embracing a new mindset and a new way of working collaboratively with contracting partners

    Highwire (formerly ConstructSecure) has launched The Partner Elevation Pledge: a commitment to embracing a new mindset and a new way of working collaboratively with contracting partners.

    March 28, 2022
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    Permission granted by Dig World

    Dig-ney World? Construction machinery amusement park opens in Texas

    Dig World's founder hopes the park, where kids can operate real construction equipment, will draw them to the profession.

    By March 22, 2022
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    Deep Dive

    Amazon is slowing its fulfillment center spend. What's next?

    Heightened demand put Amazon's distribution buildout into overdrive. To speed up delivery and limit costs, it will have to invest more.

    By Max Garland • March 18, 2022
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    Courtesy of WSP

    WSP ends year with better-than-expected profits, record-high backlog

    The Canada-based global construction giant sees growing demand in its core sectors of transportation, infrastructure and urban building.

    By , March 10, 2022
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    Permission granted by Pfizer Plasmid DNA - Suites GH

    Lendlease launches $500M JV in life sciences industry

    The Americas general manager of the company's life science construction group discusses its new partnership, trends and challenges for 2022.

    By March 3, 2022
  • Public construction firms announce earnings

    Several of these industry giants reported losses in their most recent financial periods while others saw profits fall.

    March 1, 2022