Press Release: May 18, 2011
FAYETTEVILLE, Ark. (May 18, 2011) — Sixty-five civil engineering firms were recognized for earning $100 million or more in revenue in the May issue of CE News, a ZweigWhite publication serving the civil engineering field.
Bechtel Group Inc. was ranked No. 1 on the list with 2010 revenue of $30.8 billion. Fluor Corp. came in at No. 2 with $20.8 billion in 2010 revenue. KBR ranked No. 3 with $12 billion in 2010 revenue.
Firms on the list, all of which reported revenues of more than $100 million, are solely devoted to civil engineering or offer multidisciplinary services with a strong civil engineering component. Information used to comprise this list came from multiple sources — primarily from public information on company websites and other published business sources, as well as correspondence with firm representatives.
Although the world’s financial outlook remains shaky, civil engineering firms have become more versatile, writes author Lynn Petrak. For instance, Dayton, Ohio-based Woolpert is marking its 100th year in 2011 and continues to evolve as it has in the past. “In an industry reliant on backlog and hit hard by the economic downturn, architecture, engineering, and geospatial firms have been diligently searching for ways to recover,” said Michael Flannery, CEO of Woolpert. “There is no question that staying on the leading edge of technology is often critical to providing innovative solutions. And there is, without a doubt, much value in following lending markets, creating public-private partnerships, and understanding economic development drivers.” Sustainability is another avenue to growth, Flannery noted.
Being versatile and keeping a steady commitment to future goals while working on current projects is underscored by Scott Gallaher, P.G., principal-in-charge for all CEI/CIM/CM contracts for Lowell, Mass.-based TRC. Gallaher noted that shortfalls in federal funding have hampered new projects and often create a certain “backlog bubble,” but said that firms can take heart in a better outlook in the private sector. “This industry may change down the road and I think there will be some revenue streams that are different from what we are accustomed to, with more privatization.”
Many civil engineering firms are diversifying through mergers and acquisitions as well, Petrak writes.
To view the entire ranking, please visit www.cenews.com.