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Granite Construction’s profits flat, revenue falls in Q3

Granite Construction’s profits flat, revenue falls in Q3

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Granite Construction’s profits flat, revenue falls in Q3
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Granite Construction’s profits flat, revenue falls in Q3
Granite Construction’s profits flat, revenue falls in Q3
Granite Construction’s profits flat, revenue falls in Q3
Granite Construction’s profits flat, revenue falls in Q3
constructiondive constructiondive | 1 year ago
Dive Brief: Infrastructure builder and materials producer Granite Construction saw its profits and revenue sink in the third quarter as it works through less profitable projects, but this work is almost complete, the company’s president said in a Q3 earnings call Thursday. The Watsonville, California-based contractor posted revenue of $1.01 billion, down 4.7% from last year. That still beat analysts’ expectations by $26.34 million, according to SeekingAlpha, as did its non-GAAP earnings per...
Dive Brief: Infrastructure builder and materials producer Granite Construction saw its profits and revenue sink in the third quarter as it works through less profitable projects, but this work is almost complete, the company’s president said in a Q3 earnings call Thursday. The Watsonville, California-based contractor posted revenue of $1.01 billion, down 4.7% from last year. That still beat analysts’ expectations by $26.34 million, according to SeekingAlpha, as did its non-GAAP earnings per...
Balfour Beatty reports higher profits on flat revenues
Balfour Beatty reports higher profits on flat revenues
Balfour Beatty reports higher profits on flat revenues
Balfour Beatty reports higher profits on flat revenues
constructiondive constructiondive | 1 year ago
Dive Brief: London-based contractor Balfour Beatty revealed steady half-year results Wednesday amid a shaky global economic environment that potentially portends a recession. The company posted flat revenue on the half-year results at $4.99 billion (£4.1 billion), a slight decrease from $5 billion in HY 2021. Underlying profit from operations rose to $102.3 million in the half year, up from $72.2 million year over year (YoY). The company’s order book, or backlog, rose to $21.3 billion, up fr...
Dive Brief: London-based contractor Balfour Beatty revealed steady half-year results Wednesday amid a shaky global economic environment that potentially portends a recession. The company posted flat revenue on the half-year results at $4.99 billion (£4.1 billion), a slight decrease from $5 billion in HY 2021. Underlying profit from operations rose to $102.3 million in the half year, up from $72.2 million year over year (YoY). The company’s order book, or backlog, rose to $21.3 billion, up fr...
Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings
Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings
Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings
Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings
housingwire housingwire | 1 year ago
Dallas-based Mr. Cooper reported increased operating earnings despite severe headwinds on origination demand. The post Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings appeared first on HousingWire.
Dallas-based Mr. Cooper reported increased operating earnings despite severe headwinds on origination demand. The post Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings appeared first on HousingWire.
John F Hunt forecasts record revenue and profits this year
John F Hunt forecasts record revenue and profits this year
John F Hunt forecasts record revenue and profits this year
John F Hunt forecasts record revenue and profits this year
Construction news, jobs and co... Construction news, j... | 1 year ago
The John F Hunt Group has released financial results to March 2022 to evidence the liquidity and financial resilience of the business. The latest financial statement comes after the Competition and Markets Authority announced last week that John F Hunt was one of 10 firms provisionally found to illegally have colluded in bid-rigging for demolition and asbestos removal contracts. The earlier provision in 2021 pushed the demolition arm £2.2m into the red. Now the group, including the power busi...
The John F Hunt Group has released financial results to March 2022 to evidence the liquidity and financial resilience of the business. The latest financial statement comes after the Competition and Markets Authority announced last week that John F Hunt was one of 10 firms provisionally found to illegally have colluded in bid-rigging for demolition and asbestos removal contracts. The earlier provision in 2021 pushed the demolition arm £2.2m into the red. Now the group, including the power busi...
Despite flat revenue, Bechtel's 2021 performance better than expected: CFO
Despite flat revenue, Bechtel's 2021 performance better than expected: CFO
Despite flat revenue, Bechtel's 2021 performance better than expected: CFO
Despite flat revenue, Bechtel's 2021 performance better than expected: CFO
constructiondive constructiondive | 1 year ago
Dive Brief: 2021 was a year of mixed financial numbers for the country’s second-largest contractor.  Reston, Virginia-based Bechtel saw year-over-year revenue remain flat, while its backlog revenue decreased but the amount of new work on the books rose, according to the company’s annual report released late last month. Bechtel reported $17.5 billion in revenue, a slight decrease from $17.6 billion in 2020. Backlog revenue fell 13.7% year over year to $27.8 billion. However, new work booked...
Dive Brief: 2021 was a year of mixed financial numbers for the country’s second-largest contractor.  Reston, Virginia-based Bechtel saw year-over-year revenue remain flat, while its backlog revenue decreased but the amount of new work on the books rose, according to the company’s annual report released late last month. Bechtel reported $17.5 billion in revenue, a slight decrease from $17.6 billion in 2020. Backlog revenue fell 13.7% year over year to $27.8 billion. However, new work booked...
Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects
Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects
Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects
Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects
constructiondive constructiondive | 1 year ago
The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.
The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.
AECOM raises guidance amid higher profits, lower revenue
AECOM raises guidance amid higher profits, lower revenue
AECOM raises guidance amid higher profits, lower revenue
AECOM raises guidance amid higher profits, lower revenue
constructiondive constructiondive | 1 year ago
Dive Brief: AECOM, the country’s 10th largest contractor, reported increased profits of $107 million Monday, or 75 cents per diluted share, but its $3.2 billion in revenue was 5% lower than a year ago.  The Dallas-based firm’s backlog increased to $41.1 billion, up 3.5% from the $39.7 billion it posted 12 months previously. AECOM raised the midpoint of its fiscal guidance for earnings per share to between $3.35 and $3.50, an increase of 5 cents per share from the previous quarter. Dive In...
Dive Brief: AECOM, the country’s 10th largest contractor, reported increased profits of $107 million Monday, or 75 cents per diluted share, but its $3.2 billion in revenue was 5% lower than a year ago.  The Dallas-based firm’s backlog increased to $41.1 billion, up 3.5% from the $39.7 billion it posted 12 months previously. AECOM raised the midpoint of its fiscal guidance for earnings per share to between $3.35 and $3.50, an increase of 5 cents per share from the previous quarter. Dive In...
Nextdoor revenue forecast falls short as advertisers tighten belts
Nextdoor revenue forecast falls short as advertisers tighten belts
Nextdoor revenue forecast falls short as advertisers tighten belts
Nextdoor revenue forecast falls short as advertisers tighten belts
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Nextdoor Holdings Inc. reported a sales outlook that missed analysts' estimates, saying business conditions are worse than it previously expected.The company's revenue in the current quarter will be between $53 million and $55 million, according to a statement Tuesday. That fell short of the $64.6 million average analyst estimate. Its annual revenue projection also missed estimates.Nextdoor told shareholders that its advertisers are tightening their budgets, "a reflection of rising macroeconomic...
Nextdoor Holdings Inc. reported a sales outlook that missed analysts' estimates, saying business conditions are worse than it previously expected.The company's revenue in the current quarter will be between $53 million and $55 million, according to a statement Tuesday. That fell short of the $64.6 million average analyst estimate. Its annual revenue projection also missed estimates.Nextdoor told shareholders that its advertisers are tightening their budgets, "a reflection of rising macroeconomic...
2022 Top MidAtlantic Design Firms: MidAtlantic Design Firm Revenue Remains Flat Across the Region
2022 Top MidAtlantic Design Firms: MidAtlantic Design Firm Revenue Remains Flat Across the Region
2022 Top MidAtlantic Design Firms: MidAtlantic Design Firm Revenue Remains Flat Across the Region
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June 13, 2022 Justin Rice KEYWORDS construction / projects / Top Design Firms Order Reprints No Comments .pullquote{ width: 250px; padding: 20px; } .pullquote a:link{ border-bottom: none; } .pullquote a:hover{ border-bottom: 1px solid #000000; } .pullquote a:visited{ border-bottom: none; } .pullquote h4{ font-family: ar...
June 13, 2022 Justin Rice KEYWORDS construction / projects / Top Design Firms Order Reprints No Comments .pullquote{ width: 250px; padding: 20px; } .pullquote a:link{ border-bottom: none; } .pullquote a:hover{ border-bottom: 1px solid #000000; } .pullquote a:visited{ border-bottom: none; } .pullquote h4{ font-family: ar...
loanDepot plans to launch ‘digital’ HELOC in Q3
loanDepot plans to launch ‘digital’ HELOC in Q3
loanDepot plans to launch ‘digital’ HELOC in Q3
loanDepot plans to launch ‘digital’ HELOC in Q3
housingwire housingwire | 1 year ago
loanDepot will unveil a HELOC through its mello business unit The post loanDepot plans to launch ‘digital’ HELOC in Q3 appeared first on HousingWire.
loanDepot will unveil a HELOC through its mello business unit The post loanDepot plans to launch ‘digital’ HELOC in Q3 appeared first on HousingWire.