Public firms report lower profits, muted outlooks

With the first half of 2022 over, large public construction firms reported earnings for the second quarter, with varied results. 

Several of these industry giants reported lower profits in their most recent financial periods while Tutor Perini and Lendlease saw outright losses. Many lowered their financial guidance for the remainder of the year.

Corporate leaders cited a range of reasons for the challenges, including the continuing impact of COVID-19, inflation, staffing issues and changes in their companies’ portfolios.

Read on for details about each of the public firms that Construction Dive covers.

Leave a comment