Corporate News: Page 2

  • The Statue of Liberty from its right side at dusk, with New York's skyline as a backdrop.
    Image attribution tooltip
    Drew Angerer via Getty Images

    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 Sept. 21, 2022
  • A construction crew drills a water well.
    Image attribution tooltip
    Courtesy of Granite Construction

    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 Sept. 20, 2022
  • Aerial photograph of Johnson Space Center
    Image attribution tooltip
    Permission granted by NASA

    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 Sept. 16, 2022
  • Man with helmet on welding metal
    Image attribution tooltip
    Permission granted by NCCER
    Sponsored by NCCER

    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
  • A construction worker in a white hardhat and yellow vest looks on a tablet on a jobsite.
    Image attribution tooltip
    Courtesy of Procore
    Q&A // ConTech Conversation

    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 Aug. 31, 2022
  • Wall Street
    Image attribution tooltip
    Spencer Platt via Getty Images

    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 Aug. 26, 2022
  • Securities and Exchange Commission, SEC, Building in Washington DC
    Image attribution tooltip
    qingwa via Getty Images

    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 Aug. 26, 2022
  • Image attribution tooltip
    Red Huber / Stringer via Getty Images

    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 Aug. 23, 2022
  • Overhead view of the silver Mario Cuomo Bridge over deep blue water.
    Image attribution tooltip
    The image by Komzet is licensed under CC BY-SA 4.0

    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 Aug. 19, 2022
  • Houston skyline
    Image attribution tooltip
    Haugland Bowen, Katie. (2014). "Houston Skyline" [Photograph]. Retrieved from Flickr.

    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 Aug. 16, 2022
  • Skanska
    Image attribution tooltip
    Permission granted by Skanska
    Executive Moves

    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 Aug. 16, 2022
  • A student residence hall at the University of Georgia.
    Image attribution tooltip
    Courtesy of Turner Construction
    Project Wins

    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 Aug. 15, 2022
  • Construction worker using a power tool to saw wood
    Image attribution tooltip
    Permission granted by NCCER
    Sponsored by NCCER

    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
  • New York Stock Exchange.
    Image attribution tooltip
    "ASE" by LeoTar is licensed under CC BY-SA 3.0

    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 Aug. 10, 2022
  • Image attribution tooltip
    400tmax via Getty Images

    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 Aug. 9, 2022
  • People working together
    Image attribution tooltip; Photographer/priscilla-du-preeze

    Sponsored by Unanet

    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
  • Photo shows a midscale LNG plant installed on three fixed jacket offshore platforms.
    Image attribution tooltip
    Permission granted by Fluor

    Fluor misses on estimates, trims guidance

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

    By Aug. 5, 2022
  • Wall Street
    Image attribution tooltip
    Spencer Platt via Getty Images

    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 Updated Aug. 5, 2022
  • People congregate outside of the LDJ5 Amazon Sort Center on April 25, 2022 in New York City.
    Image attribution tooltip
    Michael M. Santiago/Staff via Getty Images

    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
  • Driving on open road at beautiful sunny day. Aerial view of highway.
    Image attribution tooltip
    valio84sl via Getty Images
    Project Wins

    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 Aug. 3, 2022
  • Aerial photograph of Johnson Space Center
    Image attribution tooltip
    Permission granted by NASA

    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 Aug. 2, 2022
  • An aggregate facility stands in the foreground of dramatic mountains in Alaska.
    Image attribution tooltip
    Courtesy of Granite Construction

    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 July 29, 2022
  • samsung hq
    Image attribution tooltip
    JasonDoiy via Getty Images

    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 July 25, 2022
  • The Dallas-based construction services firm was selected to deliver Sellagield’s new Integrated Asset Care framework.
    Image attribution tooltip
    Courtesy of Sellafield

    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 July 22, 2022
  • Amazon Bellevue, Washington office
    Image attribution tooltip
    Courtesy of Amazon

    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 July 15, 2022