Corporate News: Page 2

SEC subpoenas Granite Construction

The California-based contractor, which is cooperating with the Securities and Exchange Commission, has completed its own internal investigation.

By Jenn Goodman • UPDATED: Feb. 23, 2021 at 7:36 a.m.

Tutor Perini posts $1.4B Q3 revenue, highest in more than a decade

The COVID-19 pandemic has not significantly affected the company's operations, according to chairman and CEO Ron Tutor.

By Kim Slowey • Nov. 05, 2020

Fluor names 3rd CEO in 2 years

David Constable, former CEO of energy firm Sasol and a former long-time Fluor executive, will take over on Jan. 1 when Carlos Hernandez retires.

By Jenn Goodman • Nov. 03, 2020

AECOM brings on 2 New York Port Authority veterans

Following the hiring of two other local infrastructure experts, the new executives will help the firm deliver transportation projects in the region.

By Jenn Goodman • Oct. 27, 2020

Fluor reports delayed Q2 2020 results, $4.1B in revenue

Revenue was affected by COVID-19 challenges, the company said, and backlog was $29 billion.

By Jenn Goodman • UPDATED: Nov. 13, 2020 at 8:18 a.m.

Jacobs donates $8M to Dallas park expansion project

The construction and engineering firm will name the new green space The Jacobs Lawn.

By Jenn Goodman • Oct. 16, 2020

Top contractors name new corporate execs, board members

Fluor, AECOM, Granite, Gilbane and Jacobs have announced new leadership in recent months while dealing with COVID-19 and diversity challenges.

By Jenn Goodman • Oct. 12, 2020

Fluor announces $1.7B loss in delayed 2019 earnings report as SEC investigation continues

The company also suspended its guidance for 2020, saying that it has experienced "a significant shift in end markets in 2020 driven by volatility in commodity prices and the global disruption from the COVID-19 pandemic."

By Jenn Goodman • Oct. 01, 2020

Granite Construction names new president

The company's COO, Kyle Larkin, has taken over leadership from James Roberts, who had been CEO since 2010.

By Jenn Goodman • Sept. 28, 2020

Sacramento, California, contractor buys naming rights for sports-conference center

The sponsorship will help promote Roebbelen Contracting with people attending the Placer Valley Event Center as well as with construction job seekers, according to CEO Kenneth Wenham.

By Jenn Goodman • Sept. 22, 2020

Jacobs Engineering accelerating retrofits of COVID-19 vaccine manufacturing facilities

The pandemic has led to an increased reliance on construction technology and stressed the critical nature of in-depth planning, according to a Jacobs Engineering official.

By Kim Slowey • Sept. 10, 2020

Lendlease reports pandemic-driven loss for second half of its fiscal year

Despite the effects of the coronavirus, the company's core business development backlog saw a 48% increase year over year.

By Kim Slowey • Aug. 17, 2020

Balfour Beatty reports half-year loss amid plunge in UK construction market

Despite the downturn, CEO Leo Quinn said that the company expects to recover quickly, pointing to potential government infrastructure investment.

By Jenn Goodman • Aug. 13, 2020

AECOM ups guidance after mixed Q3 results, resumes talks to sell units

Essential status of its infrastructure projects insulated the firm from COVID-19 initially, and AECOM beat Wall Street estimates. But the results came on lower revenue, and private business slowed in June.

By Joe Bousquin • Aug. 05, 2020

Jacobs announces slight uptick in Q3 revenue, extensive diversity-inclusion plan

The Dallas-based global construction and engineering firm reported that third quarter revenue increased by nearly 3% compared to last year. It also provided details about a new diversity action plan for staff, subcontractors and vendors.

By Jenn Goodman • Aug. 04, 2020

Citing FIU bridge collapse, feds propose 10-year debarment for FIGG

The company, which has been suspended for the time being, faces an unusually lengthy debarment that would ban it from participating in federally funded projects with the exception of subcontracts valued at less than $30,000.

By Kim Slowey • Aug. 03, 2020

Tutor Perini reports 13% Q2 revenue growth due to essential civil projects

The company's revenue rose to $1.3 billion, thanks to a 20% year-over-year increase in civil construction.

By Kim Slowey • July 30, 2020

Executive Moves: Clune, Jacobsen, Skanska, others promote for growth

The latest announcements consist of promotions from within leading construction companies and new hires as well.

By Kim Slowey • July 22, 2020

How US builders are overcoming coronavirus challenges

Since March, U.S. construction firms have been on the front lines of the country's new normal, formulating practices to help keep jobsites safe and operational. Here are some of their stories.

Lendlease reports FY loss of up to AUD 340M

The Australian company said profit will be between AUD 50 million and AUD 150 million, a sharp decline from the AUD 497 million recorded for the same time last year.

By Jenn Goodman • July 02, 2020

McDermott exits Chapter 11 bankruptcy

The reorganization eliminates $4.6 billion of debt and provides the energy contractor's management with 7.5% of newly issued equity.

By Jenn Goodman • July 01, 2020

Executive Moves: AECOM, Skanska, other changes for post-pandemic growth

Infrastructure is featured heavily in these latest executive promotions and hires that also include personnel at Burns & McDonnell, Shimmick and STV.

By Kim Slowey • May 28, 2020

Salini Impregilo officially changes name to Webuild

Shareholders approved the move made in effort to help the Italian multinational contractor unlock more infrastructure projects at home and compete more internationally.

By Kim Slowey • May 07, 2020

Tutor Perini's strong Q1 sees little coronavirus impact, Jacobs's Q2 revenue up as well

Tutor Perini CEO Ron Tutor said the company anticipates bidding on several $1 billion-plus projects in the next few years, while Jacobs Engineering reported an 11% increase in revenue from last year's Q2.

By Kim Slowey and Jenn Goodman • May 07, 2020

Procore reportedly delays IPO pursuit

The construction software startup's move to delay an initial public offering is likely due to the coronavirus pandemic’s impact to the economy.

By Zachary Phillips • May 06, 2020