Corporate News
Balfour Beatty names new strategy chief
Balfour Beatty has appointed Emma Loxton as chief strategy officer, effective October. Loxton, formerly a McKinsey partner, will shape long-term strategy in core markets including energy, transport, defence, and U.S. buildings. The move is part of a series of C-suite changes over the past year.
‘Stay curious’: CEO sees numerous paths for women in construction
Ann Caruso joined Cross Management in 2004, became CEO in 2022, and last year facilitated a strategic partnership with Shimizu Corporation. She believes the construction industry is undergoing structural changes in office space demand, and that success hinges on trust and long-term relationships. She encourages women to stay curious, proactively learn, and embrace diverse career paths.
Builders tout more than just data centers in latest earnings reports
Balfour Beatty CEO Philip Hoare stated during the H1 2026 earnings call that data centers have become the hottest topic in the industry. Large publicly traded construction firms, while enjoying the concentrated boom brought by data center construction, also emphasized maintaining business diversification, covering transportation, aviation, energy, and infrastructure megaprojects. Data shows that companies with annual revenues exceeding $100 million had a backlog of 12.1 months in July, while smaller contractors had only 7 months.
Balfour Beatty bullish on aviation, data centers in US
During the first-half 2026 results call, Balfour Beatty revealed that its US construction business has returned to profitability, with operating profit reaching £22 million. CEO Philip Hoare highlighted data center and aviation projects as key growth drivers and emphasized the effectiveness of collaboration with long-term clients such as Wells Fargo.
WSP capitalizes on surging US power work
During its Q2 2026 earnings call, WSP Global stated that the share of U.S. power business has risen from about 20% five years ago to 35%-40%, emphasizing strong demand in electricity, data centers, and nuclear energy. The company expanded its utility sector coverage through acquisitions of POWER Engineers and TRC Companies, with revenue growing 20% year-over-year, but net profit declining 12%.
Tutor Perini rides megaprojects to record revenue, higher profits in Q2
Tutor Perini generated second-quarter 2026 revenue of $1.64 billion, up 19% year-over-year, and net income of $65.7 million, more than double the prior-year period. The company's backlog stood at $19.86 billion, including nine large projects with a combined value of approximately $16 billion.
7 noteworthy construction C-suite moves
Executive teams in the construction industry continue to undergo changes. As of July 2026, several large contractors have announced executive promotions and new appointments, while some senior executives have chosen to retire. This article outlines these significant personnel adjustments.
Turner tops out $64M New York trades education facility
Turner Construction has topped out the $64 million Applied Technology Education Center at Hudson Valley Community College in Troy, New York. The 130,000-square-foot facility will prepare students for careers in advanced manufacturing, semiconductor technology, and other growing industries. The project is slated to open in 2027.
Granite bets on rail, highway, and data centers as backlog continues to grow
Granite Construction revealed on its second-quarter earnings call Thursday that its data center customer backlog more than tripled year over year, jumping from $65 million to $223 million. Although the company aims to increase data center revenue to 10% of its total, it remains committed to a balanced portfolio across public and private infrastructure and materials supply. Facing the upcoming expiration of the 2021 Infrastructure Investment and Jobs Act and potential cuts to highway funding, company executives said they prefer a funding structure centered on formulaic allocations and bridge investments, and continue to adopt strategies such as short-cycle work and 100% design pricing to manage risk. The company reported second-quarter revenue of $1.46 billion, up 29% year over year, but recorded a net loss of $278 million due to a $360 million non-operating charge related to debt restructuring.