Corporate News: Page 3

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

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 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

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

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

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 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 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

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

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

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

Jacobs reports 6.5% revenue growth for 2020, plans for larger remote workforce

The Dallas-based construction and engineering firm will reduce its office space by 30% in the next few years as more of its employees shift to remote work.

By Kim Slowey • Nov. 25, 2020

AECOM beats Q4 estimates, sees opportunity in Biden administration

The firm exceeded analysts' expectations for earnings and revenue in its most recent quarter and sees potential growth for infrastructure projects next year. 

By Joe Bousquin • Nov. 17, 2020

SEC subpoenas Granite Construction

The California-based contractor, which is cooperating with the Securities and Exchange Commission, has completed its own internal investigation.

By Jennifer Goodman • Updated Feb. 23, 2021

Tutor Perini posts $1.4B Q3 revenue, highest in more than a decade

The COVID-19 pandemic has not significantly affected the company's operations, according to chairman and CEO Ron Tutor.

By Kim Slowey • Nov. 5, 2020

Fluor names 3rd CEO in 2 years

David Constable, former CEO of energy firm Sasol and a former long-time Fluor executive, will take over on Jan. 1 when Carlos Hernandez retires.

By Jennifer Goodman • Nov. 3, 2020

AECOM brings on 2 New York Port Authority veterans

Following the hiring of two other local infrastructure experts, the new executives will help the firm deliver transportation projects in the region.

By Jennifer Goodman • Oct. 27, 2020

Fluor reports delayed Q2 2020 results, $4.1B in revenue

Revenue was affected by COVID-19 challenges, the company said, and backlog was $29 billion.

By Jennifer Goodman • Updated Nov. 13, 2020

Jacobs donates $8M to Dallas park expansion project

The construction and engineering firm will name the new green space The Jacobs Lawn.

By Jennifer Goodman • Oct. 16, 2020