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

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 Joe Bousquin • Feb. 28, 2022

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Top 5 stories from Construction Dive

Construction Dive editors curate some of the industry’s top stories from this year.

By Construction Dive staff

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 Joe Bousquin • Feb. 25, 2022

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 Sebastian Obando • Feb. 22, 2022

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

Balfour Beatty infrastructure arm appoints new CEO

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

By Matthew Thibault • Feb. 8, 2022

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 Sebastian Obando • Feb. 8, 2022

'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 Julie Strupp , Noelle Knox • Feb. 8, 2022

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 Joe Bousquin • Feb. 7, 2022

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 Joe Bousquin • Feb. 3, 2022

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 Sebastian Obando • Jan. 31, 2022

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

2022's biggest construction conferences

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

By Matthew Thibault • Jan. 12, 2022

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

Houston contractor acquires Dallas-area wastewater firm

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

By Jennifer Goodman • Jan. 4, 2022

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 Joe Bousquin • Dec. 15, 2021

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

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 Matthew Thibault • Nov. 23, 2021

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

AECOM CEO: 'We are positioned to benefit from nearly every line item' in infrastructure bill

The global construction and engineering firm is eyeing more civil work as its margins hit record highs.

By Leslie Shaver • Nov. 16, 2021

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

$286M renovation brings new life to century-old General Electric plant in Indiana

Weigand Construction faced material shortages and design constraints while reinvigorating the historic Fort Wayne GE campus.

By Jeffrey Steele • Nov. 15, 2021

Fluor reports revenue and backlog drop, raises guidance

Segments focused on government and infrastructure work dropped, but the company expects its energy solutions segment to pick up significantly.

By Sebastian Obando • Nov. 8, 2021

Community feedback prompts updates to Amazon's HQ2 second phase

The revised plan for the PenPlace site in Virginia includes wider paths, bike lanes and changes to the architecture of some of the complex's office buildings.

By Mary Salmonsen • Nov. 5, 2021

News report: Evergrande's unfinished $1.8B stadium taken over by Chinese government

The government agency hopes to sell the struggling real estate giant's project in Guangzhou, Reuters reported.

By Matthew Thibault • Updated Nov. 29, 2021