Corporate News: Page 2

Shawmut targets NYC area growth

Dave Margolius, executive vice president of Shawmut’s New York City metro region, said the company wants to expand into healthcare and life sciences.

By Sebastian Obando • Sept. 21, 2022

Granite nixes plans to sell water, mineral units

Kyle Larkin, the firm’s president and CEO, said “current market conditions” meant the firm couldn’t get the price it wanted for the businesses.

By Joe Bousquin • Sept. 20, 2022

Jacobs taps Pragada as next CEO

The Dallas-based contractor’s president and COO, Bob Pragada, will take over for Steve Demetriou at the firm's helm starting Jan. 24, 2023.

By Sebastian Obando • Sept. 16, 2022

The importance of research in construction

Research helps show the construction industry where we are and where we’re going.

By Jonathan Arnholz, NCCER Digital Communications Manager • Sept. 6, 2022

ConTech Conversations: Tech has a ‘common language’ in every industry, says new Procore exec

Steve Davis brings decades of experience at companies like VRBO and Expedia to the construction industry.

By Matthew Thibault • Aug. 31, 2022

Public firms report lower profits, muted outlooks

Several construction industry giants saw profits fall and lowered their outlooks for the remainder of the year amid continued impacts from COVID-19 and inflation. 

By Joe Bousquin • Aug. 26, 2022

SEC charges Granite with fraud, firm pays $12M

The California-based contractor said it fully cooperated with the investigation, while the attorney for a former executive at the firm said he would fight the charges in court. 

By Joe Bousquin • Aug. 26, 2022

Jacobs rebrands, takes on new parent company name

The Dallas-based contractor is changing its name to Jacobs Solutions to reflect its focus on intelligence, infrastructure, cybersecurity and space.

By Sebastian Obando • Aug. 23, 2022

Global Infrastructure Solutions acquires Hill International for $173M

The merger will accelerate growth for Hill, one of the U.S.’s largest construction management firms, and expand GISI's consulting services.

By Julie Strupp • Aug. 19, 2022

Bechtel to move Houston office

The No. 2 commercial contractor in the country will downsize its regional office by more than half its current space.

By Matthew Thibault • Aug. 16, 2022

Skanska USA names new CEO for commercial development

As Murphy McCullough moves into a new position, Skanska looks to complete a $476 million office tower in the Seattle area.

By Zachary Phillips • Aug. 16, 2022

Turner completes $93.4M of work at the University of Georgia

The country’s largest contractor also kicked off construction at the school’s football and baseball stadiums. 

By Joe Bousquin • Aug. 15, 2022

Shining a light on careers in construction

Careers in Construction Month is held every October to increase awareness of construction careers.

By Nicole Needles, NCCER Communications Coordinator • Aug. 15, 2022

Procore to expand into fintech services, CEO says

The company’s new system would purchase materials for subcontractors, securing payment against the property itself using lien rights.

By Matthew Thibault • Aug. 10, 2022

AECOM raises guidance amid higher profits, lower revenue

Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.

By Joe Bousquin • Aug. 9, 2022

Pitch perfect: An AEC marketer’s guide to winning proposals

Ready to raise your proposal game, increase win rates and fill your pipeline with more clients and projects your firm desires?

Aug. 8, 2022

Fluor misses on estimates, trims guidance

The Irving, Texas-based company reported an 11% revenue decrease and narrowed its high-end guidance.

By Sebastian Obando • Aug. 5, 2022

Tutor Perini posts wide-ranging loss, pulls guidance for 2022

The Los Angeles-based contractor blamed reduced project execution, COVID-19 impacts and a reversal of previously awarded legal damages for its results, which came in far below analysts’ expectations. 

By Joe Bousquin • Updated Aug. 5, 2022

Amazon slows network expansion in response to cooling customer demand

The e-commerce giant estimates 40% of its capital investments this year will go toward warehouses and transportation capacity, down from 55% in 2021.

By Max Garland • Aug. 4, 2022

Granite chalks up 3 highway wins for combined $78M

The firm nabbed the projects in California and Texas as part of its new “home market” strategy.

By Joe Bousquin • Aug. 3, 2022

Jacobs reports higher profits, more backlog but forecasts weak fourth quarter

The Dallas-based technical, professional and construction services firm beat both earnings and revenue estimates, but lowered its guidance for Q4.

By Sebastian Obando • Aug. 2, 2022

Granite’s Q2 profit, revenue dip as company continues strategic shift

The Watsonville, California-based civil contractor said the infrastructure act remains a bright spot ahead as it battles labor woes and works through less profitable projects.

By Julie Strupp • July 29, 2022

Samsung proposes $191B Texas semiconductor project

A critical factor for this potential massive investment in Taylor, Texas, is the passage of the CHIPS Act, currently under consideration by Congress.

By Sebastian Obando • July 25, 2022

Jacobs wins $310M UK nuclear site project

The Dallas-based construction firm will deliver civil, mechanical and electrical engineering services for one of Britain’s most complex nuclear sites.

By Sebastian Obando • July 22, 2022

Not just warehouses: Amazon pulls back on office projects, too

The e-commerce giant said it's pausing buildouts on six office towers in Bellevue, Washington, as well as another in Nashville, Tennessee.

By Sebastian Obando • July 15, 2022