Corporate News: Page 2

Fluor decides to keep government business, faces SEC investigation

Due to the Securities and Exchange Commission probe, the Texas-based contractor released limited FY 2019 financial information today, and noted that 2020 "is going to be a transition year" for the firm.

By Jenn Goodman • Feb. 18, 2020

Bankruptcy judge OKs McDermott's $106M bonus plan

The energy contractor, which filed Chapter 11 in January, has received permission to provide up to $26.8 million in total incentives for 13 management team members and the rest of the amount to 1,112 other key employees.

By Jenn Goodman • UPDATED: Feb. 25, 2020 at 9:38 a.m.

Q&A

New Swinerton CEO talks about growth in conversation with Construction Dive

Eric Foster discusses labor retention, construction technology and the importance of diversification as he takes the reins of the 132-year-old employee-owned company.

By Jenn Goodman • Feb. 14, 2020

AECOM, Skanska, Katerra, more switch up execs in new year

Suffolk, Granite and Swinerton have all made big personnel changes as well so far this year, and Thornton Tomasetti leadership changes are six-fold. Women and people of color are predictably underepresented.

By Kim Slowey • Feb. 12, 2020

Bechtel opens NYC office to capitalize on infrastructure opportunities

The top contractor by revenue has opened a Manhattan office to improve work on transit and other projects in the area.

By Jenn Goodman • Feb. 11, 2020

Skanska's construction division records 245% increase in earnings in 2019

The Swedish multinational recorded an operating margin of 2.4% and operating income of $3.8 billion Swedish krona (U.S. $394 million).

By Jenn Goodman • Feb. 07, 2020

Suffolk rebrands, expands beyond construction

Suffolk's new strategy will see its increased involvement through the entire lifecycle of a construction project.

By Kim Slowey • Feb. 05, 2020

AECOM records Q1 earnings decline, finalizes division sale, stays mum on potential WSP merger

During the company's Q1 earnings call, CEO Michael S. Burke mentioned the search for his successor and announced the sale of the firm's Management Services division.

By Jenn Goodman • Feb. 04, 2020

Lendlease names Mike Fratianni new managing director of its Americas construction division

Fratianni started his construction career in the trades and spent more than 30 years with the company that was to become AECOM Hunt.

By Kim Slowey • Feb. 04, 2020

John Laing CEO Olivier Brousse resigns

John Laing operations, including its billion-dollar-plus U.S. projects, should remain unchanged, a source close to the international infrastructure development firm told Construction Dive.

By Kim Slowey • Jan. 24, 2020

McDermott to file for Chapter 11

The struggling energy construction giant announced it would file a prepackaged restructuring plan at the U.S. Bankruptcy Court in Houston.

By Jenn Goodman • Jan. 21, 2020

WSP share sale renews rumors of AECOM deal

Some analysts report that a deal between the two engineering and construction giants could be back on the table.

By Jenn Goodman • UPDATED: June 3, 2020 at 9:17 a.m.

The public construction firms to watch in 2020

Risk reduction, deleveraging and even bankruptcy are on the table for some of the industry's top publicly traded companies this year.

By Jenn Goodman • Jan. 10, 2020

Gilbane taps former Skanska CEO in leadership rearrangement

New additions to the team, which center around the company's New York and New England divisions, include former CEO and president of Skanska USA, Rich Cavallaro.

By Kim Slowey • Jan. 10, 2020

Top trends: 5 ways construction will evolve in 2020

Though the nation's second-largest industry seems like it doesn't change much, there are myriad, nuanced forces shaping the way contractors do business and buildings get built, and more so now than ever before.

By Joe Beeton • Jan. 07, 2020

Rosendin names new executive team for 2020

The $2 billion employee-owned electrical contractor is transitioning five officials into leadership roles, including CEO, as part of a retirement succession plan. 

By Kim Slowey • Dec. 16, 2019

Katerra closing Phoenix modular building facility, laying off 200 workers

The California-based designer and builder of prefabricated components and mass timber modular units said it's on a growth path toward profitability next year despite having to close the 250,000-square-foot facility this month.

By Joe Beeton • Dec. 10, 2019

Dive Awards

Company of the Year: Haskell

Haskell not only embraces technology, but actively invests and innovates in the space to establish itself as a leader in a changing construction climate.

By Kim Slowey • Dec. 09, 2019

Dive Awards

Executive of the Year: Richard Kennedy, Skanska USA

Looking back on his 15 years leading one the nation's largest builders, he says, "You have to stand for something more than just quarterly and annual results," such as enterprising solutions that underline safety, diversity and inclusion.

By Kim Slowey • Dec. 09, 2019

STO, Layton to merge before year-end

Layton Construction and STO Building Group, formerly known as the Structure Tone Organization, announced the deal yesterday and said it would create one of the nation's largest construction firms. 

By Kim Slowey • Dec. 05, 2019

McDermott receives NYSE delisting warning

As the company staves off bankruptcy, it must also remedy that its average closing price of common stock has fallen below $1 per share over a period of 30 consecutive trading days, the minimum for continued listing. 

By Jenn Goodman • UPDATED: Dec. 16, 2019 at 8:58 a.m.

AECOM names new CEO

Amid the resignation of search committee head Peter Feld, the board appointed current CFO W. Troy Rudd as chief executive officer.

By Jenn Goodman • UPDATED: June 15, 2020 at 7:38 a.m.

Construction's biggest executive moves in 2019

Some of the biggest players have appointed new leaders to maintain dominance as the industry anticipates headwinds.

By Kim Slowey • Nov. 20, 2019

AECOM has mixed results for FY, Q4 amid restructuring and strong backlog

The fourth-largest contractor in the country set a new revenue record overall despite a net loss as it continued to move away from some at-risk, self-perform construction work, exit countries and divest some business segments. 

By Jenn Goodman • Nov. 12, 2019

Tutor Perini's Q3: Operating cash, revenue, profit and backlog all up

The general contractor said its ability to collect on disputed change orders bumped its operating cash to record levels.

By Kim Slowey • Nov. 08, 2019