If some MidAtlantic specialty contractors might have felt they were finally stepping off a roller coaster of rising interest rates, supply chain interruptions and climbing material and labor costs heading into 2024, regional revenue reported on the 2024 ENR MidAtlantic Top Specialty Contractor ranking may have justified that impression.
Tutor Perini had record backlog but a $152M loss from project charges, while Quanta Services reported revenue below market expectations but strong sales and margins in its renewable energy unit and billions in future projects it is “well positioned to win.”
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.