Public corporations report decrease income, muted outlooks

With the primary half of 2022 over, giant public building corporations reported earnings for the second quarter, with diverse outcomes. 

A number of of those business giants reported decrease income of their most up-to-date monetary intervals whereas Tutor Perini and Lendlease noticed outright losses. Many lowered their monetary steering for the rest of the 12 months.

Company leaders cited a variety of causes for the challenges, together with the persevering with influence of COVID-19, inflation, staffing points and modifications of their corporations’ portfolios.

Learn on for particulars about every of the general public corporations that Building Dive covers.

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