All Financial results Articles

China State Construction’s new contracts leap by a third after end to lockdowns
China State Construction Engineering Corporation (CSCEC) recorded a 27.3% year-on-year jump in new construction contracts, following an end to China’s controversial zero covid policy.
Lack of new contract awards hurts Tutor Perini’s turnover
US construction contractor Tutor Perini has blamed a lack of major new contract awards over the last three years for an 18% drop in revenue in 2022.
How Skanska has protected its profit margin amid inflation
Inflation and supply chain disruption pose a major risk to construction contractors’ bottom line.
Balfour Beatty sees profit swell after shunning risk
Balfour Beatty more than tripled its pre-tax profit in 2022 as it continued to diversify across geographical regions and business sectors.
US equipment makers’ encouraging return to growth
AEM report details industry’s rebound ahead of ConExpo 2023
Epiroc annual report says customer activity remained high in 2022
Epiroc’s annual report highlights an increased move towards sustainability
Record order backlog for Skanska’s construction business
Swedish contractor publishes joint annual financial and sustainability report
Fraud probe at Keller Group finds ‘no cash leakage’
An external forensic investigation into financial reporting fraud at UK-based geotechnical engineering company Keller Group has found no evidence of ‘cash leakage’
Africa and Latin America drive strong 2022 for Mota-Engil
Mota-Engil’s projects in Africa and Latin America helped to drive a 47% increase in turnover and 31% jump in profit in 2022.
Fluor’s rising construction costs leads to schedule relief talks with clients
Texas-based Fluor has entered cost and schedule relief talks with clients on some of its biggest construction projects after rising costs hit its bottom line.
Coates targets Australia’s A$1.1 trillion investment
Time utilisation rates improving for Australian rental company
North America and Europe drive Metso Outotec growth
Financial results for 2022 show sales and operating profit up despite Russia market exit
Strong Q4 ended solid 2022 for Terex
Full-year sales up nearly 14% to $4.4 billion, with positive outlook for 2023
Acquisitions drive Altrad’s rapid growth in 2022
French services company now has revenues approaching €4bn
2022 delivers sharp revenue rise for Europe’s largest contractor
Positive annual results for French construction and concessions giant Vinci
Finning up 36% in Q4 but cautious on outlook
Debt reduction a focus for 2023, says Cat dealer
Cummins hit record levels in 2022
Outlook for 2023 calls for additional revenue growth in the range of 12 to 17%
Weak housing demand prompts turnaround plan for Skanska and Ikea’s modular homes arm
Weakening demand for affordable housing has prompted Skanska to launch a turnaround plan for its modular homes arm BoKlok, which it runs in partnership with Ikea.
JLG: Strong demand for access in foreseeable future
2022 full-year and Q4 results saw sales increase by double digits
Caterpillar CEO: 2022 one of company’s ‘best’ years
Fourth quarter and yearly financial results released by world’s largest OEM
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