Skanska's U.S. Slate Fueled by Transport, Data Center Projects

November 2, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. was the strongest market for global construction firm Skanska AB (Stockholm) in the third quarter of 2023, during which the company reported a record-high order backlog. The U.S. accounted for about 57% of Skanska's operating income and about 62% of its order bookings in the third quarter, with both public and private-sector projects showing growth.

Industrial Info is tracking more than $8.6 billion worth of active and planned projects across the U.S. featuring Skanska's services, more than half of which is attributed to local and suburban transportation projects. Companies employing Skanska include Microsoft Corporation (NASDAQ:MSFT) and Siemens.