Tutor Perini released its third quarter results last week, announcing record quarterly operating cash of $222.9 million. Skanska reported an operating profit of $221.6 million (2.15 billion Swedish kronor) in the third quarter 2019. The profit is an increase of 324% from Q3 2018 and significantly surpassed analysts’ expectations. Total revenue for Q3 was 44.5 billion Swedish kronor, up 8% from 2018. 

New York, New York (Nov. 7, 2019)—The Dodge Momentum Index increased 6.9% in October to 152.6 (2000=100) from the revised September reading of 142.7. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. October’s increase was due entirely to a recovery in institutional planning projects, which had stepped back over the previous few months. Institutional planning moved 22.8% higher in the month while commercial planning lost 0.5%.

Scottsdale, Arizona (Nov. 6, 2019)—Restoration Builders Inc. has announced the signing of an asset purchase agreement for the acquisition of Roofscapes Exteriors LLC, headquartered in Tulsa, Oklahoma.

Columbus, Ohio (Oct. 27, 2019)—Public transportation agencies across Ohio will soon benefit from millions of dollars to help with operations and improve mobility throughout the state.

Nearly $70 million will come from the state general revenue fund. These funds were approved by the Ohio General Assembly in the most recent 2-year state transportation budget. This money is not generated by the state motor fuel tax.

Washington, D.C. (Nov. 5, 2019)—The American Institute of Architects (AIA) issued a statement today following the decision by President Trump to officially withdraw from the Paris climate accord.