·¬ÇÑÓ°ÊÓ revenue reaches 4-year high
The California builder highlighted its financial performance and outlined steps toward technological innovation and green initiatives in its new sustainability report.
·¬ÇÑÓ°ÊÓ, a California-based builder, reported its highest revenue in four years, reaching $4.2 billion in 2023, according to its 2023 Sustainability Report. This marks a 5% increase from previous highs of $4 billion in 2020 and 2022. ·¬ÇÑÓ°ÊÓ’s backlog also hit a new record of $5.2 billion, up 11% from 2022’s $4.7 billion.
In 2023, ·¬ÇÑÓ°ÊÓ completed 483 projects, ranking No. 35 on Engineering News-Record’s 2024 list of top commercial contractors by revenue. This financial success sets a foundation for the growth of its mass timber subsidiary, Timberlab.
The report highlights technological advancements such as new forming methods for shotcrete walls, real-time concrete scanning, and the adoption of drone technology for inspections. ·¬ÇÑÓ°ÊÓ has also implemented new tracking tools for inventory and shipping, reducing waste and preventing delays.
·¬ÇÑÓ°ÊÓ is committed to sustainability, launching an environmental sustainability policy and developing a framework for its diversity, equity, inclusion, and belonging (DEIB) program. These efforts are part of the company’s response to its 2022 materiality assessment.
The report follows a leadership transition with David Callis taking over as CEO from the retired Eric Foster in January. Ray Haj succeeded Callis as COO.