Corporate News: Page 22
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AECOM revenue steady as company anticipates a boom in civil work
Despite a 5% decrease in backlog, the company's construction management division won about $900 million of new work in the quarter.
By Jennifer Goodman • May 12, 2021 -
Permission granted by Jacobs
Jacobs' Q2 revenue holds steady at $3.5B
The company is one of the contractors expecting to benefit from the work that will likely be generated by government stimulus plans.
By Kim Slowey • May 11, 2021 -
Permission granted by SFMTA
Tutor Perini CEO sees "tremendous amount" of infrastructure opportunity
The Los Angeles-based contractor announced $1.2 billion in first-quarter revenue yesterday, and said that its construction division income was boosted by several high-margin civil projects.
By Kim Slowey • May 6, 2021 -
Permission granted by Skanska
Skanska reports Q1 revenue decrease, uptick in construction profitability
CEO Anders Danielsson said the company anticipates long lead times on U.S. federal infrastructure projects.
By Kim Slowey • May 3, 2021 -
AECOM launches ESG strategy
The company announced details today of its net-zero carbon goals that include decarbonizing fleet vehicles, partnering with suppliers and a 50% reduction in business travel.
By Jennifer Goodman • April 26, 2021 -
Permission granted by Autodesk
Sponsored by Autodesk Construction Cloud™Construction's 40 under 40: 8 standout heroes of 2020
Learn how these eight construction team members tackled new challenges with innovative thinking, determination and resiliency.
April 12, 2021 -
Permission granted by Bechtel
Bechtel's 2020 revenue falls 19%
The multinational contractor's backlog and new awards also declined, as COVID-19 created "the toughest challenge in the company's history," CEO Brendan Bechtel said.
By Jennifer Goodman • April 5, 2021 -
Chevron cuts off funding for Canadian LNG project
Fluor holds the construction contract for the project, which includes the 293-mile Pacific Trail Pipeline and a natural gas liquefaction facility.
By Kim Slowey • March 25, 2021 -
Courtesy of Metro
Tutor Perini low bidder on Los Angeles LAX airport-Metro transit hub
Tutor Perini estimated that its contract would be approximately $478 million. Work on the project is expected to start in the third quarter.
By Kim Slowey • March 19, 2021 -
Permission granted by Bechtel
Former CEO Stephen Bechtel Jr. dies at 95
The engineer and businessman led his family's namesake construction firm for three decades, growing it into the country's largest contractor by revenue and a global infrastructure giant.
By Jennifer Goodman • March 16, 2021 -
Fluor
Fluor revenue fell 9% in 2020
The construction and engineering firm ended 2020 with revenue of $15.7 billion and backlog of $26 billion, which was also lower than the previous year.
By Jennifer Goodman • March 1, 2021 -
Permission granted by California HIgh Speed Rail Authority
San Francisco transit agency approves $147M in change orders for Tutor Perini Central Subway contract
The additional charges bring the general contractor's fee to more than $1.1 billion and extend final completion to Sept. 27.
By Kim Slowey • Updated March 10, 2021 -
Executive moves: AECOM, Holt, DPR, others make strategic appointments
Almost a year into the COVID-19 pandemic, construction companies are still making key promotions and appointments with growth in mind.
By Kim Slowey • Feb. 24, 2021 -
Permission granted by Google
Lendlease operating profit falls 26% amid COVID-19 impacts
In a half-year earnings call yesterday, the Australia-based company also announced it has cut its dividend by 50%.
By Jennifer Goodman • Feb. 22, 2021 -
AECOM, Jacobs post year-over-year revenue gains
While both firms grew their top-line numbers, AECOM's sequential backlog shrunk by 3.5%.
By Joe Bousquin , Zachary Phillips • Feb. 10, 2021 -
Emily Peiffer
Skanska 2020 earnings: Overall profit hits record high, construction revenue down 12%
The company's profitability, to a great degree, was driven by divestment in its commercial property segment.
By Kim Slowey • Feb. 8, 2021 -
Fortune magazine ranks construction's most admired firms
Jacobs and Quanta Services were No. 2 and No. 3 behind AECOM in the category of construction and engineering.
By Kim Slowey • Feb. 5, 2021 -
Fluor
Fluor looks to reduce risk, increase oil and gas presence
The construction and engineering firm said it's also poised to take advantage of President Joe Biden's potential multitrillion-dollar infrastructure plan.
By Kim Slowey • Feb. 1, 2021 -
Fluor
Fluor announces new organizational structure, plans to sell maintenance division
The Texas-based contractor says its updated organizational and reporting structure is better aligned with potential growth markets.
By Jennifer Goodman • Jan. 12, 2021 -
SoftBank comes to Katerra's rescue with critical $200M investment, takes majority stake
The new arrangement will allow the modular manufacturer to move forward and focus on its core businesses, according to its CEO.
By Kim Slowey • Jan. 6, 2021 -
Photo by Mike C. Valdivia on Unsplash. (N/A). "Mike C. Valdivia New York skyline photo" [Photograph]. Retrieved from https://unsplash.com/photos/kZokA2VTKn4.
Suffolk joins other firms in expanding New York City presence
A new strategic hire demonstrates the Boston-based contractor's commitment to growing its market share in the New York region.
By Jennifer Goodman • Dec. 23, 2020 -
Permission granted by Bergen County Utilities Authority
AECOM helps test New York City-area wastewater for signs of COVID-19
Health officials say monitoring wastewater can provide early indication of increases in infection rates and the effectiveness of vaccine deployment in specific areas.
By Jennifer Goodman • Dec. 18, 2020 -
AECOM announces agreement to sell civil construction unit
The transaction will help the firm advance its strategy of focusing on higher-margin, lower-risk work, said CEO Troy Rudd.
By Jennifer Goodman • Dec. 10, 2020 -
Permission granted by Turner Construction
Dive Awards
Company of the Year: Turner Construction
The multinational firm has taken a leadership role against racism in the construction industry — even shutting down sites to conduct anti-bias training. That's why it is Construction Dive's Company of the Year.
By Kim Slowey • Dec. 9, 2020 -
Executive Moves: AECOM, Suffolk, Lendease, others announce promotions, new hires
Some of the country's top construction firms have announced changes to their leadership in the past few months.
By Kim Slowey • Dec. 2, 2020
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