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Executives largely brushed off tariff and policy concerns on their latest round of earnings calls.
Published March 10, 2025
By
Construction Dive Staff
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Uncertainty has become a familiar backdrop now for most public construction firms — whether in the form of shifting regulatory policies, tariff threats or questions over federal infrastructure funding.
However, according to the latest round of earnings reports from the country’s largest public construction firms, executives largely brushed off these concerns, emphasizing strong demand and long-term growth prospects across key sectors.
Infrastructure remains strong, with firms like Granite and AECOM pointing to continued federal funding for roads, bridges and water projects, even as Washington’s policy landscape shifts. Meanwhile, data centers continue to drive expansion for multiple firms, with Jacobs, Skanska and Fluor highlighting increased activity in that sector as artificial intelligence accelerates demand.
In the energy space, MasTec positioned itself for what its CEO called a “gas-fired generation renaissance,” while Fluor noted growing opportunities in nuclear power, particularly as data centers seek reliable energy sources. Tutor Perini and WSP, despite acknowledging market uncertainties, maintained confidence in their ability to navigate potential disruptions from tariffs and regulatory changes.
Read on for details about each of the public firms that Construction Dive covers:
