Corporate News: Page 14


  • Congressional leaders at the White House
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Business, construction leaders urge quick resolution to looming debt ‘catastrophe’

    President Joe Biden and congressional leaders met this week as the threat of a default on the country’s $31.4 trillion debt grows.

    By May 11, 2023
  • A sleek yellow and bluish purple train whizzes through the desert between tall white wind turbines in this rendering.
    Image attribution tooltip
    The image by NC3D is licensed under CC BY 2.0
    Image attribution tooltip

    AECOM reports record backlog as profits jump

    CEO Troy Rudd said he expects infrastructure, resilience and energy transition opportunities to grow worldwide in the coming decades.

    By May 10, 2023
  • A woman works on a construction site
    Image attribution tooltip
    Permission granted by Adolfson & Peterson
    Image attribution tooltip
    Q&A

    A&P project engineer on building the foundation of a successful career

    Nathalia Mingo, whose path to construction started in high school, talks about what she likes most about working in the industry.

    By May 10, 2023
  • Donald C. Tillman Water Reclamation Plant
    Image attribution tooltip
    Courtesy of Jacobs
    Image attribution tooltip

    Jacobs’ profits more than double due to IIJA, water projects

    The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year. 

    By May 9, 2023
  • Two men stand next to each other in front of a sign that says "Bird: A Black & Veatch Company" in a wood-paneled room.
    Image attribution tooltip
    Courtesy of Black & Veatch
    Image attribution tooltip

    Black & Veatch acquires Texas electrical contractor

    Bird Electric will join the engineering firm’s portfolio and expand its capabilities in fields like electric vehicles and renewables.

    By May 9, 2023
  • A statue of a bull stands in New York's financial district.
    Image attribution tooltip
    Chris Hondros via Getty Images
    Image attribution tooltip

    Tutor Perini’s loss doubles as revenue sinks

    Delayed impacts from the pandemic, an adverse legal ruling and accounting charges conspired to eat into the contractor’s top and bottom lines. 

    By May 8, 2023
  • image of Los Angeles airport sign
    Image attribution tooltip
    TriggerPhoto via Getty Images
    Image attribution tooltip

    Fluor posts $107M loss, increased backlog

    A combined $80 million in charges on legacy infrastructure projects obscured an otherwise healthy first quarter, an analyst said.

    By May 5, 2023
  • People walk down Wall Street in New York City.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Blame it on the weather: Granite pegs Q1 loss, revenue dip to extreme storms

    Despite delays, the California contractor boosted its backlog to a record $5.1 billion and said its shift to smaller, lower risk projects was bearing fruit.

    By May 2, 2023
  • Construction workers are on a platform. The platform is also under construction, and workers wear safety gear.
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    April 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 • April 28, 2023
  • Female teleworker texting using laptop and internet, working online. Freelancer typing at home office, workplace.
    Image attribution tooltip

    Shutterstock.com/Undrey

    Image attribution tooltip

    Gilbane creates new tech-oriented role

    The contractor is bolstering its technology focus with the appointment of Rawle Sawh to the new position of director of operations technology.

    By April 25, 2023
  • Portrait image of Dr. Rhianna Rogers.
    Image attribution tooltip
    Permission granted by NAWIC
    Image attribution tooltip
    Sponsored by NAWIC

    Expert on equity issues to speak at NAWIC Annual Conference

    Dr. Rhianna Rogers to speak on attracting more women to the construction industry.

    April 24, 2023
  • Ikea invests $2.2B to fuel US growth

    The investment, which is the retailer’s largest in the past four decades, will be used to open locations and strengthen its fulfillment network.

    By Caroline Jansen • April 21, 2023
  • The Charlotte skyline rises behind a row of trees.
    Image attribution tooltip
    Streeter Lecka via Getty Images
    Image attribution tooltip

    After competitor’s exit, Swinerton grows Carolinas team

    The company announced that it is expanding following the closure of Indianapolis-based contractor Shiel Sexton’s Charlotte, North Carolina, office.

    By April 10, 2023
  • A photo of the Ernest E. Tschannen Science Complex at California State University - Sacramento.
    Image attribution tooltip
    Courtesy of Sundt Construction
    Image attribution tooltip
    Executive Moves

    Sundt taps new Northern California lead

    Sacramento-area native Sean Falvey brings nearly 20 years of construction experience to the role.

    By April 10, 2023
  • Marines stand in profile in a focused picture.
    Image attribution tooltip
    mariusz_prusaczyk/iStock via Getty Images
    Image attribution tooltip
    Project Wins

    Marines recruit Granite for $126M base project

    The California contractor will help build Camp Blaz, the first new Marine Corps base in 70 years, in Guam.

    By April 7, 2023
  • An overhead shot shows traffic stretching for miles on the I-15 freeway.
    Image attribution tooltip
    Courtesy of Flatiron
    Image attribution tooltip
    Project Wins

    Flatiron lands 4 California projects worth $704M

    The Broomfield, Colorado-based contractor strung together two interstate wins, plus water and broadband infrastructure projects in the Golden State.

    By March 29, 2023
  • Three architects planning construction site map
    Image attribution tooltip
    Le Chat Noir via Getty Images
    Image attribution tooltip
    Sponsored by Merchants Bonding Company

    Protect your surety credit through partnership

    Three ways to include your surety partner in succession planning to avoid unexpected outcomes.

    By Michael Reed, Regional Vice President, Contract Underwriting • March 27, 2023
  • Four-story glass and sandstone building with a vast green lawn in front of it.
    Image attribution tooltip
    Courtesy of Adolfson & Peterson
    Image attribution tooltip
    Q&A

    Despite labor shortages, construction in Texas is booming

    Adolfson & Peterson’s new central Texas director of preconstruction also discussed how the industry has changed over the past three decades and how the role of tech is evolving.

    By March 24, 2023
  • Silver buildling against a bright blue sky shows WSP logo.
    Image attribution tooltip
    Retrieved from Raysonho.
    Image attribution tooltip
    Executive Moves

    WSP USA hires former Jacobs exec as rail business lead

    Joseph Black’s 30 years of public and private transportation experience will inform his new role as senior VP for the rail operations and service planning team.

    By March 21, 2023
  • A view of heavy machinery with many overhead pipes in a underground construction site.
    Image attribution tooltip

    Courtesy of Los Angeles Metro

    Image attribution tooltip
    CONSTRUCTION DIVE INVESTIGATION

    Tutor Perini had the most OSHA violations among contractors during the past decade

    Agency officials cited the company more often than any construction contractor in its database over a 10-year period.

    By , , Noelle Knox • March 21, 2023
  • Revizto Conference 2023
    Image attribution tooltip
    Permission granted by Revizto
    Image attribution tooltip
    Sponsored by Revizto

    What’s next for Revizto: 5 highlights from RevUP 2023

    See all the announcements from Revizto's global user conference, including a new phone app and certification program!

    March 20, 2023
  • Four construction workers in reflective vests work on a partly-built concrete and metal bridge.
    Image attribution tooltip
    Courtesy of Tutor Perini
    Image attribution tooltip

    Tutor Perini ‘negatively impacted’ by legal issues, canceled work

    The Los Angeles contractor also said in its earnings call that it lost billions in potential new jobs in 2022 when owners canceled projects.

    By March 16, 2023
  • A rendering shows plans for two new leading-edge Intel processor factories in Licking County, Ohio.
    Image attribution tooltip
    Courtesy of Intel
    Image attribution tooltip

    Gilbane Building Co. revenue up 8%

    The Providence, Rhode Island-based contractor highlighted large projects and public-private partnerships in its recent annual report.

    By March 14, 2023
  • Aerial view of San Diego Skyline
    Image attribution tooltip
    Art Wager via Getty Images
    Image attribution tooltip
    Project Wins

    Jacobs wins $249M Navy contract

    The contractor will provide multidisciplinary architect-engineer services at numerous Navy and Marine Corps installations in the Southwest.

    By March 13, 2023
  • Workers offloading machinery from truck.
    Image attribution tooltip
    Permission granted by Clune Construction
    Image attribution tooltip
    Sponsored by Clune Construction

    How to combat ongoing supply chain shortages in construction? Come equipped with options

    Supply chain issues continue to plague the industry. Contractors must enact creative solutions to find a path forward. 

    March 13, 2023