Corporate News: Page 4

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    Permission granted by California HIgh Speed Rail Authority

    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
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    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 Nov. 3, 2020
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    Valadi, Sam. (2012). "Empire State - New York City" [Photograph]. Retrieved from Flickr.

    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 Oct. 27, 2020
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    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 Updated Nov. 13, 2020
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    Jacobs donates $8M to Dallas park expansion project

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

    By Oct. 16, 2020
  • Top contractors name new corporate execs, board members

    Fluor, AECOM, Granite, Gilbane and Jacobs have announced new leadership in recent months while dealing with COVID-19 and diversity challenges.

    By Oct. 12, 2020
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    Fluor announces $1.7B loss in delayed 2019 earnings report as SEC investigation continues

    The company also suspended its guidance for 2020, saying that it has experienced "a significant shift in end markets in 2020 driven by volatility in commodity prices and the global disruption from the COVID-19 pandemic."

    By Oct. 1, 2020
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    Granite Construction

    Granite Construction names new president

    The company's COO, Kyle Larkin, has taken over leadership from James Roberts, who had been CEO since 2010.

    By Sept. 28, 2020
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    Permission granted by Roebbelen Contracting

    Sacramento, California, contractor buys naming rights for sports-conference center

    The sponsorship will help promote Roebbelen Contracting with people attending the Placer Valley Event Center as well as with construction job seekers, according to CEO Kenneth Wenham.

    By Sept. 22, 2020
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    Jacobs Engineering accelerating retrofits of COVID-19 vaccine manufacturing facilities

    The pandemic has led to an increased reliance on construction technology and stressed the critical nature of in-depth planning, according to a Jacobs Engineering official.

    By Kim Slowey • Sept. 10, 2020
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    Sydney Metro

    Lendlease reports pandemic-driven loss for second half of its fiscal year

    Despite the effects of the coronavirus, the company's core business development backlog saw a 48% increase year over year.

    By Kim Slowey • Aug. 17, 2020
  • Balfour Beatty reports half-year loss amid plunge in UK construction market

    Despite the downturn, CEO Leo Quinn said that the company expects to recover quickly, pointing to potential government infrastructure investment.

    By Aug. 13, 2020
  • AECOM ups guidance after mixed Q3 results, resumes talks to sell units

    Essential status of its infrastructure projects insulated the firm from COVID-19 initially, and AECOM beat Wall Street estimates. But the results came on lower revenue, and private business slowed in June.

    By Aug. 5, 2020
  • Jacobs announces slight uptick in Q3 revenue, extensive diversity-inclusion plan

    The Dallas-based global construction and engineering firm reported that third quarter revenue increased by nearly 3% compared to last year. It also provided details about a new diversity action plan for staff, subcontractors and vendors.

    By Aug. 4, 2020
  • Citing FIU bridge collapse, feds propose 10-year debarment for FIGG

    The company, which has been suspended for the time being, faces an unusually lengthy debarment that would ban it from participating in federally funded projects with the exception of subcontracts valued at less than $30,000.

    By Kim Slowey • Aug. 3, 2020
  • Tutor Perini reports 13% Q2 revenue growth due to essential civil projects

    The company's revenue rose to $1.3 billion, thanks to a 20% year-over-year increase in civil construction.

    By Kim Slowey • July 30, 2020
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    Photo by rawpixel on Unsplash

    Executive Moves: Clune, Jacobsen, Skanska, others promote for growth

    The latest announcements consist of promotions from within leading construction companies and new hires as well.

    By Kim Slowey • July 22, 2020
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    Permission granted by AA Jedson Co.

    How US builders are overcoming coronavirus challenges

    Since March, U.S. construction firms have been on the front lines of the country's new normal, formulating practices to help keep jobsites safe and operational. Here are some of their stories.

    July 2, 2020
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    Sydney Metro

    Lendlease reports FY loss of up to AUD 340M

    The Australian company said profit will be between AUD 50 million and AUD 150 million, a sharp decline from the AUD 497 million recorded for the same time last year.

    By July 2, 2020
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    McDermott exits Chapter 11 bankruptcy

    The reorganization eliminates $4.6 billion of debt and provides the energy contractor's management with 7.5% of newly issued equity.

    By July 1, 2020
  • Executive Moves: AECOM, Skanska, other changes for post-pandemic growth

    Infrastructure is featured heavily in these latest executive promotions and hires that also include personnel at Burns & McDonnell, Shimmick and STV.

    By Kim Slowey • May 28, 2020
  • Salini Impregilo officially changes name to Webuild

    Shareholders approved the move made in effort to help the Italian multinational contractor unlock more infrastructure projects at home and compete more internationally.

    By Kim Slowey • May 7, 2020
  • Tutor Perini's strong Q1 sees little coronavirus impact, Jacobs's Q2 revenue up as well

    Tutor Perini CEO Ron Tutor said the company anticipates bidding on several $1 billion-plus projects in the next few years, while Jacobs Engineering reported an 11% increase in revenue from last year's Q2.

    By Kim Slowey and Jenn Goodman • May 7, 2020
  • Procore reportedly delays IPO pursuit

    The construction software startup's move to delay an initial public offering is likely due to the coronavirus pandemic’s impact to the economy.

    By May 6, 2020
  • AECOM posts record $42B backlog amid COVID-19 crisis

    The Los Angeles-based multinational contractor also saw revenue increase 5% compared to last year's Q2 as most of its 50,000 projects have continued despite the pandemic.

    By May 6, 2020