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Dive brief:
- Concord, Calif.-based builder Swinerton reported its highest revenue in four years and highlighted its technology and sustainability efforts in its Sustainability Report 2023that the firm published on May 31.
- Swinerton’s revenue reached $4.2 billion in 2023, up 5% from its peaks of $4 billion in 2020 and 2022, the report said. The company also reported new backlog volume for those years of $5.2 billion, up roughly 11% from 2023’s $4.7 billion.
- The builder, which ranked No. 35 on Engineering News-Record’s 2024 list of the nation’s top commercial contractors by revenue, shared that it completed 483 projects in 2023 and will position itself to continue growing subsidiaries such as Timberlab, the its too much wooden arm, according to the report.
Diving knowledge:
Among its financial breakthroughs, Swinerton also highlighted examples of how it uses technology across the company. This includes:
- Find new methods of forming shotcrete walls to improve safety and reduce the consumption of formwork material.
- Development of real-time concrete scanning to reduce defects and destructive corrections.
- Adoption of new tools for drone operations to make inspections and monitoring safer and more accurate.
- Identifying new tracking tools for inventory and shipping that reduce the need for additional trips, reduce waste and avoid costly delays.
- Developing ethical policies for generative artificial intelligence tools.
Swinerton is also continuing to address the findings of its materiality assessment, a study the contractor commissioned in 2022 to identify areas to focus on amid its push to use more sustainable materials.
Among the steps the firm has taken so far, the launch of its environmental sustainability policy stands out; develop a framework for implementing its diversity, equity, inclusion and belonging program; identify areas of the company responsible for addressing and managing material issues; and develop a process to track and report progress, according to the report.
The update comes after a major overhaul of the C-suite for the company earlier this year. long time CEO Eric Foster retired in January, leading to a flurry of dates. David Callis, formerly the company’s chief operating officer, took on Foster’s role, while Ray Haj, a former regional leader, took the place of Callis.
