Revenue and profit fell for several of construction’s biggest companies, according to numbers posted for the third quarter of 2024, but there was also optimism that fast-developing market sectors will become financial springboards that add to future results.
Financial, legal and political bumps did not dent the global environmental services market for ENR’s Top 200 Environmental Firms, based on results reported in this year’s ranking.
Even before projects reach the shovel-ready phase, a “business as usual” mindset can stunt sustainability goals, says John Delaney, sustainability director at Beyer Blinder Belle Architects & Planners.
The contractor, which reported $2.7 billion in Texas-Louisiana regional revenue for 2023, is building relationships with clients, making key acquisitions and sticking to the work it excels at to improve its bottom line.
Beginning in 2002, the plumbing and HVAC specialty contractor MTech Mechanical has gradually but steadily diversified the range of projects it takes on.
For the second consecutive year, Top 400 revenue has increased by a double-digit percentage—rising 13.9% to $556.9 billion from $488.98 billion last year while median firm revenue is also up 10.9% to $629.5 million.
Top 250 revenue rises 16.6% as the ripples of inflation, supply chain disruptions, climate change and regional conflict shift pain points and profitability.