Core Insights - Turner Construction Company reported a 20% year-over-year growth in project backlog, exceeding $40 billion in Q3 2025 [1] - The company experienced a 43% increase in revenue for the quarter, reaching over $21 billion for the first nine months of the year [1] - The workforce expanded to 15,000 employees, supporting operations across various sectors and regions [1] Project Focus - The company prioritizes high-growth markets, with Advanced Technology projects now making up 40% of its project backlog, including over 250 projects for more than 30 clients across Europe, North America, and Asia [2] - Turner remains active in sectors such as healthcare, transportation, education, and sports infrastructure [2] Recent Contracts - Turner secured contracts for a National Football League stadium for the Cleveland Browns, an arena for the Philadelphia 76ers and Philadelphia Flyers, and a new office tower in Midtown Manhattan [3] - The company also won major data center projects globally and a $700 million modernization project for Memphis International Airport [3] Operational Strengths - The company's results are attributed to its integrated service groups, including SourceBlue, Turner Engineering Group, Turner Technical Services, xPL Offsite, and Self-Perform Operations [4] - The acquisition of Dornan earlier this year has enhanced Turner's capabilities in mechanical and electrical engineering throughout Europe [4] - In Canada, the subsidiary Clark Builders continues significant work in healthcare and industrial sectors [4] Leadership Perspective - Turner Construction Company chair and CEO Peter Davoren emphasized the company's commitment to delivering value for clients while fostering a respectful and authentic work environment [5] - The focus on active caring, collaboration, and innovation is seen as a driving force for the company's progress [5] - Recently, the Turner-Walsh joint venture and Northwestern University reached the topping-out stage for the new Ryan Field stadium in Illinois [5]