Corporate News: Page 11

  • Image of the Connecticut Water Treatment Plant Contract
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    Courtesy of Jacobs Solutions
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    Jacobs profits drop amid higher backlog, strategy shift

    The firm will combine its government services business with Amentum, a global engineering and technology solutions provider.

    By • Nov. 21, 2023
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    gradyreese via Getty Images
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    Opinion // Business Matters

    3 steps to a profitable exit strategy

    To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

    By Matt Verderamo • Nov. 21, 2023
  • Construction site Explore the Trendline➔
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • A photo shows the Los Angeles headquarters of heavy civil construction contractor Tutor Perini.
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    JHVEPhoto/iStock Editorial/Getty Images Plus via Getty Images
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    Executive Moves

    Ron Tutor to step down as Tutor Perini CEO in 2025

    Gary Smalley, the firm’s CFO since 2015, will succeed Tutor as chief executive officer. 

    By • Nov. 17, 2023
  • A man in a suit and an orange safety vest uses a tablet on a construction site. The user is in the foreground and clear, the background is blurred.
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    AzmanL via Getty Images
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    Contech surpasses $30B in total venture funding

    More construction technology providers will reach unicorn status even as venture capital slows in other sectors, according to an investment firm focused on the industry.

    By • Nov. 15, 2023
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    lucky-photographer via Getty Images
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    AECOM’s profits plunge on higher revenue, backlog

    CEO Troy Rudd said the strong U.S. dollar, which erodes the value of international contracts paid with foreign currency, impacted results.

    By • Nov. 15, 2023
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    Permission granted by MGAC
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    Q&A

    ‘Each day comes with surprises,’ project manager says

    MGAC’s Kristina Leighty sees her role as the glue that holds a job together.

    By • Nov. 15, 2023
  • Silver buildling against a bright blue sky shows WSP logo.
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    Retrieved from Raysonho.
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    Executive Moves

    WSP’s US CEO to retire

    The Montreal-based firm has initiated a search to replace Lou Cornell, a construction industry veteran who has also worked at Jacobs and AECOM.

    By • Nov. 14, 2023
  • A tall, guitar shaped, window-covered building looms in the background on a very sunny day.
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    Permission granted by Miami in Focus
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    Executive Moves

    Suffolk taps Tutor Perini veteran for gaming exec role

    Prior to his arrival, Chris Creasey worked on gaming projects in Las Vegas, Florida and California.

    By • Nov. 13, 2023
  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    Tutor Perini’s loss widens on continued legal disputes

    The Los Angeles-based heavy civil contractor said it is working to resolve most of its outstanding litigation by the end of 2024.

    By • Nov. 13, 2023
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    art2002 via Getty Images
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    WSP’s profit, revenue, backlog up in Q3

    The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

    By • Nov. 9, 2023
  • A signage of Microsoft is seen on March 13, 2020 in New York City.
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    Jeenah Moon via Getty Images
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    Microsoft-backed study shows AI investments producing returns

    For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

    By Alexei Alexis • Nov. 8, 2023
  • Three construction workers look at plans on a jobsite.
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    ljubaphoto/E+ via Getty Images
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    Opinion // Business Matters

    8 ways to build your brand

    Contractors often downplay marketing efforts and instead rely on word-of-mouth connections, but a few simple steps can help find new clients, says a construction branding expert.

    By Chemene Phillips • Nov. 7, 2023
  • Headshots of Stephen Sandherr and Jeffrey Shoaf
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    Permission granted by Associated General Contractors of America
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    Sandherr to retire after 27 years as AGC head

    CEO Stephen Sandherr will leave the Washington, D.C.-based association in March, when current COO Jeffrey Shoaf will replace him.

    By • Nov. 6, 2023
  • A rendering of a 47-story tower as seen from above.
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    Retrieved from Lendlease on August 15, 2023
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    Google still reviewing options for Bay Area project

    After Lendlease said agreements to build four developments worth $15 billion were no longer mutually beneficial, the tech giant said it continues investigating ways to move forward.

    By • Updated Nov. 8, 2023
  • Aerial view of Bayer's pharmaceutical plant in Berkeley, California
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    Courtesy of Bayer
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    Fluor earnings rise as legacy projects wind down

    Strength in its energy and urban solutions segments built on the positive momentum from the previous quarter.

    By • Nov. 3, 2023
  • Famous Wall street and the building in New York, New York Stock Exchange with patriot flag
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    ventdusud via Getty Images
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    Granite posts lower profits on increased revenue, record backlog

    The California-based contractor continues to work through its old, less profitable jobs, but is booking new ones at a faster rate than last year.

    By • Nov. 1, 2023
  • aerial view of the NASA Langley Research Center in Hampton, Virginia
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    Courtesy of NASA
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    Jacobs faces $15K penalty for safety violations on NASA project

    The fines stem from alleged infractions around lead-based paint, asbestos removal and PPE requirements during a job in Hampton, Virginia.

    By • Oct. 31, 2023
  • Ford F-Series SuperDuty pickup trucks.
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    Courtesy of Ford Motor Co.
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    Ford delays construction on second Kentucky battery plant

    The automaker is also delaying $12 billion in EV investments a month after it paused construction on its Michigan EV factory.

    By Kate Magill • Oct. 30, 2023
  • A landscape perspective overlooks Silicon Valley.
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    yhelfman/iStock/Getty Images Plus via Getty Images
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    Executive Moves

    Swinerton names new Silicon Valley lead

    California construction vet Jennifer Lauritzen will head the division that focuses on healthcare, tech and education builds, including at Stanford University.

    By • Oct. 27, 2023
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    Courtesy of Penn State University
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    October 2023 wins: 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. 27, 2023
  • A large facility sits in a grass field with a parking lot. The building is rectangular and white, and the view is from above.
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    Courtesy of Li-Cycle
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    Work stops at $500M US-backed battery plant

    Owner Li-Cycle Holdings paused construction at the Rochester, New York, hub due to escalating costs and is reviewing its future plans.

    By • Oct. 26, 2023
  • Aerial view of Meta'a data center facility in Temple, Texas.
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    Courtesy of Meta
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    JE Dunn resumes construction on $800M Meta data center

    The tech giant hit pause on the project in December in order to change the design, according to a company announcement.

    By • Oct. 23, 2023
  • Aerial view of Bayer's pharmaceutical plant in Berkeley, California
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    Courtesy of Bayer
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    Fluor completes $250M Bayer pharmaceutical plant

    The facility in Berkeley, California, will be the drug maker’s first fully electric factory, according to the Irving, Texas-based construction firm.

    By • Oct. 23, 2023
  • A rendering shows a five-story patient tower at Westchester Medical Center in New York.
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    Courtesy of WMCHealth via Turner Construction
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    Project Wins

    Turner wins $186M NY healthcare tower job

    The five-story facility, funded by tax-exempt bonds, will house 96 hospital beds.

    By • Oct. 20, 2023
  • A headshot of Abigail Pringle
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    Permission granted by The Wendy's Co.
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    Q&A

    Wendy’s exec leads new store growth across the world

    Abigail Pringle oversees restaurant design, real estate, construction and franchise development for the fast food giant.

    By • Oct. 18, 2023