Corporate News: Page 21

  • An aggregate facility stands in the foreground of dramatic mountains in Alaska.
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    Courtesy of Granite Construction
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    Granite Construction’s profits flat, revenue falls in Q3

    The Watsonville, California-based contractor nonetheless raised its guidance, and expects a stronger 2023 as it burns the last of its less profitable projects and snags IIJA work.

    By Julie Strupp • Oct. 28, 2022
  • A photo shows the historic Ahwahnee Hotel in Yosemite National Park.
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    Getty Images
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    Project Wins

    Tutor Perini snares 3 federal jobs for $164M

    Work will include hurricane repairs at a U.S. Coast Guard facility in Puerto Rico and an upgrade project at a historic hotel in Yosemite National Park. 

    By • Oct. 24, 2022
  • Construction site Explore the Trendline➔
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    Getty Images
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    Trendline

    Top 5 stories from Construction Dive

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

    By Construction Dive staff
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    Brandon Bell via Getty Images
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    Q&A // Construction Inclusion Week

    Mortenson’s CEO on creating a playbook to respond to hate

    Dan Johnson talks about the importance of shining a light on jobsite discrimination and rooting out those who bring the industry down.

    By • Oct. 18, 2022
  • Rivet II is the second building of a four-phase redevelopment project headed by New Jersey City University.
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    Courtesy of Arc Building Partners
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    Q&A

    Construction management firm CEO: recession ‘feels like a self-fulfilling prophecy’

    Construction Dive talks with Frank Ciminelli, president and CEO of Buffalo, New York-based Arc Building Partners, about the pandemic, a potential recession and other challenges in the industry.

    By • Oct. 11, 2022
  • long island rail road main line
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    Courtesy of Governor Kathy Hochul
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    Jacobs completes nearly 10 miles of $2.6B rail expansion in New York

    Infrastructure expansion, such as the Long Island Rail Road project, should continue to boost Jacobs’ long-term business.

    By • Oct. 6, 2022
  • Lendlease
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    Permission granted by Lendlease
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    Lendlease Americas names new CEO

    Claire Johnston has overseen the firm’s military housing portfolio and its Bay Area development venture with Google.

    By Jennifer Goodman • Oct. 6, 2022
  • Fluor worker
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    Courtesy of Fluor
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    September 2022 Project Wins: The country’s top contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Oct. 6, 2022
  • A person with a blue construction hat and a blue clipboard in the left arm shakes hand with a person offscreen.
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    iStock.com/skynesher

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    Sponsored by American Express

    American Express equips construction businesses with tools to help maximize growth

    Now is the time for construction business owners to ensure they have the right financial solutions in their toolbox.

    Oct. 3, 2022
  • Fluor worker
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    Courtesy of Fluor
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    Project Wins

    Fluor selected for overseas manufacturing facility

    The Irving, Texas-based company will perform procurement and construction management for a biologics manufacturing plant in Denmark.

    By • Sept. 30, 2022
  • Ford BlueOval City
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    Courtesy of Ford
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    Ford breaks ground on $5.6B Tennessee EV project

    The construction of electric vehicle factories in the U.S. is expected to increase in coming years, especially due to backing from the federal government. 

    By • Sept. 27, 2022
  • Closeup of two hands signing a document.
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    Sean Gallup via Getty Images
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    Tetra Tech trumps WSP bid for environmental firm RPS Group

    The California-based contractor offered a 7.8% premium over the Canadian engineering giant’s price, but the fight may not be over.

    By Julie Strupp • Sept. 26, 2022
  • A silver cable-stayed bridge spans bright blue water.
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    Permission granted by WSP
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    WSP completes environmental services purchase for $1.8B

    The Montreal-based contractor is on a buying spree to meet strong demand for climate-related work.

    By Julie Strupp • Sept. 22, 2022
  • The Statue of Liberty from its right side at dusk, with New York's skyline as a backdrop.
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    Drew Angerer via Getty Images
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    Q&A

    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.
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    Courtesy of Granite Construction
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    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
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    Permission granted by NASA
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    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
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    Permission granted by NCCER
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    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.
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    Courtesy of Procore
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    Q&A // ConTech Conversations

    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
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    Spencer Platt via Getty Images
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    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
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    Getty Images
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    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
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    Red Huber / Stringer via Getty Images
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    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.
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    The image by Komzet is licensed under CC BY-SA 4.0
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    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 Julie Strupp • Aug. 19, 2022
  • Houston skyline
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    Haugland Bowen, Katie. (2014). "Houston Skyline" [Photograph]. Retrieved from Flickr.
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    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
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    Permission granted by Skanska
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    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.
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    Courtesy of Turner Construction
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    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
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    Permission granted by NCCER
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    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