Profits fall for many public firms, due partly to inflation

With a large part of 2023 now in the rearview mirror, large public construction firms have reported their third and fiscal fourth quarter earnings. Their financial data provides a window into each company’s health as well as the opportunities and challenges facing the overall construction industry. 

Several of these industry giants — including AECOM, Jacobs and Skanska — reported lower profits in their most recent financial periods. Corporate executives cited a range of reasons for the decrease, most notably inflation, which continues to dog the industry despite recent drops in material prices. Others reported changes in their companies’ portfolios and the types of work they take on.

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

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