Corporate News: Page 2


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    Ehigie/Stock.adobe.com

    Sponsored by Highwire

    The Partner Elevation Pledge: Embracing a new mindset and a new way of working collaboratively with contracting partners

    Highwire (formerly ConstructSecure) has launched The Partner Elevation Pledge: a commitment to embracing a new mindset and a new way of working collaboratively with contracting partners.

    March 28, 2022
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    Permission granted by Dig World

    Dig-ney World? Construction machinery amusement park opens in Texas

    Dig World's founder hopes the park, where kids can operate real construction equipment, will draw them to the profession.

    By March 22, 2022
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    Oli Scarff via Getty Images
    Deep Dive

    Amazon is slowing its fulfillment center spend. What's next?

    Heightened demand put Amazon's distribution buildout into overdrive. To speed up delivery and limit costs, it will have to invest more.

    By Max Garland • March 18, 2022
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    Courtesy of WSP

    WSP ends year with better-than-expected profits, record-high backlog

    The Canada-based global construction giant sees growing demand in its core sectors of transportation, infrastructure and urban building.

    By , March 10, 2022
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    Permission granted by Pfizer Plasmid DNA - Suites GH
    Q&A

    Lendlease launches $500M JV in life sciences industry

    The Americas general manager of the company's life science construction group discusses its new partnership, trends and challenges for 2022.

    By March 3, 2022
  • Public construction firms announce earnings

    Several of these industry giants reported losses in their most recent financial periods while others saw profits fall.

    March 1, 2022
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    Kena Betancur via Getty Images

    Granite stock hits 1-year low after Q4 miss blamed on weather, portfolio shift

    "We begin 2022 as a changed company from a year ago, but we still have work to do," CEO Kyle Larkin told analysts on Friday.

    By Feb. 28, 2022
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    Spencer Platt via Getty Images

    Tutor Perini's 2021 profit, revenues fall amid continued COVID-19 challenges

    The Los Angeles-based construction giant sees plenty of infrastructure opportunity ahead, but won't slash margins to win it.

    By Feb. 25, 2022
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    Courtesy of Fluor

    Fluor's Q4 losses skid 60% to $171M, backlog drops

    The Irving, Texas-based contractor issued positive guidance for future work despite losses in revenue and backlog.

    By Feb. 22, 2022
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    Permission granted by NAWIC Board President: Doreen Bartoldus
    Sponsored by NAWIC

    Featured speaker at WIC Week brings a fresh perspective on women in construction

    Featured speaker at WIC Week shares her vision for women in construction.

    Feb. 22, 2022
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    Courtesy of HS2

    Balfour Beatty infrastructure arm appoints new CEO

    Gavin Russell, formerly an executive on the finance side of the company, will fill the role.

    By Feb. 8, 2022
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    IMNATURE via Getty Images

    Jacobs profit falls, backlog rises 12%

    During an earnings call on Feb. 8, the Dallas-based company said it will continue its expansion into data solutions, smart infrastructure and intelligence.

    By Feb. 8, 2022
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    Courtesy of Los Angeles Clippers

    'A global infrastructure investment renaissance is beginning': AECOM raises guidance as Q1 profits soar

    The contractor is winning work at the highest rate in its history, CEO Troy Rudd said this morning, but the company won't see benefits from the infrastructure act until 2023.

    By , Feb. 8, 2022
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    Courtesy of XL Construction
    Q&A

    New XL Construction CEO: 'Huge amount of money' on tap once materials prices come down

    The head of the California-based firm talks 2022 outlook, building with timber and his company's above-average vaccination rate.

    By Feb. 7, 2022
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    David McNew via Getty Images

    Former Gilbane CEO McKelvy tapped to lead McDermott

    Mike McKelvy, who retired from Gilbane on Jan. 7, is stepping into the top spot at the restructured Houston-based energy construction giant.  

    By Feb. 3, 2022
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    Permission granted by Webcor
    Q&A

    Despite COVID-19 challenges, new Webcor president sees boom times ahead

    The San Francisco-based general contractor's new leader talks about labor shortages, supply chain woes and other issues that keep him up at night.

    By Jan. 31, 2022
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    Permission granted by Camden
    Q&A

    Camden's Laurie Baker on her career trajectory and the 'courage to be imperfect'

    Baker, recently appointed as COO, brings over two decades of experience to one of the country's largest apartment developers.

    By Leslie Shaver • Jan. 19, 2022
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    Courtesy of World of Concrete

    2022's biggest construction conferences

    Many in-person industry events are back on this year. Here is the full rundown.

    By Jan. 12, 2022
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    Permission granted by LeChase. David Campbell, vice president of LeChase's Armonk office, speaks at the ribbon cutting for the new ICRA training facility.

    LeChase unveils training center for healthcare construction best practices

    The facility aimed at mitigating dust in medical projects comes at a particularly key time, as the strategies can also help protect against COVID-19.

    By Jeffrey Steele • Jan. 5, 2022
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    Permission granted by Eagle Contracting

    Houston contractor acquires Dallas-area wastewater firm

    Satterfield & Pontikes Construction has purchased Eagle Contracting, which is focused on the water and wastewater industry.

    By Jan. 4, 2022
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    Sean Gallup via Getty Images
    Backlog breakdown

    How COVID-19, supply chain woes hit contractor backlogs

    During the pandemic, construction backlog data tracked the swings of COVID-19 closely. Now, it gives a unique view of what lies ahead.

    By Dec. 15, 2021
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    Kena Betancur via Getty Images

    Jacobs CEO identifies 3 'multi-decade investment opportunities'

    The Dallas-based firm also reported last week that its backlog increased 12% year over year, while revenue grew 1.9%.

    By Leslie Shaver • Nov. 29, 2021
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    Tomohiro Ohsumi via Getty Images

    Atlanta-based AI firm wins global construction tech contest

    The 2021 Construction Startup Competition, sponsored by materials giant Cemex, awards solutions that take on key industry challenges.

    By Nov. 23, 2021
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    Permission granted by Chen Moore and Associates

    Chen Moore expands into electrical engineering with Fred Wilson acquisition

    The Fort Lauderdale, Florida-based civil engineering firm has diversified its services and gained a foothold in the Jacksonville market.

    By Mary Salmonsen • Nov. 23, 2021
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    Sean Gallup via Getty Images

    RC Andersen joins STO Building Group

    The merger leaves both companies in a position to take advantage of the current boom in industrial construction.

    By Jeffrey Steele • Nov. 16, 2021