{"id":848686,"date":"2025-05-16T09:11:59","date_gmt":"2025-05-16T14:11:59","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/16\/public-builders-flag-initial-tariff-impacts\/"},"modified":"2025-05-16T09:11:59","modified_gmt":"2025-05-16T14:11:59","slug":"public-builders-flag-initial-tariff-impacts","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/16\/public-builders-flag-initial-tariff-impacts\/","title":{"rendered":"Public builders flag initial tariff impacts"},"content":{"rendered":"
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While a few major contractors characterized the environment as business as usual, some noted that uncertainty is keeping clients on the sidelines.<\/p>\n<\/p><\/div>\n

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\n Published May 15, 2025
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By<\/span>
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In the first earnings season for public construction companies since President Donald Trump announced blanket tariffs for most countries<\/a>\u00a0on April 2, C-suite executives mostly downplayed the impacts of that policy shift.\u00a0<\/p>\n

Leaders at Irving, Texas-based Fluor, for instance, told investors that most of their customers were forging ahead with plans in spite of broader uncertainty. At Watsonville, California-based Granite Construction, the message was similar, as executives told shareholders money from the Infrastructure Investment and Jobs Act continued to flow.\u00a0<\/p>\n

But beyond the business-as-usual messaging, there were undertones on the calls of a broader uncertainty hitting the market, and construction customers. Troy Rudd, CEO of Dallas-based AECOM, said the firm had seen delays and deferred decisions on a limited set of projects, an aspect that impacted the company\u2019s revenue for the quarter.\u00a0<\/p>\n

Similarly, Montreal, Canada-based WSP said a \u201cvery unstable\u201d environment was snubbing potential M&A deals, while Sweden-based Skanska went so far as to downgrade its outlook for U.S. construction from strong to stable.<\/p>\n

Although none of those comments alone would serve as cause for major concern, collectively they signal a new level of caution for builders \u2014 and their customers \u2014 one quarter into 2025. Here, Construction Dive rounds up public contractors\u2019 earnings views in a quickly changing economic and policy environment.\u00a0\u00a0<\/p>\n<\/p><\/div>\n