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November 27, 2015 4:11 PM ET

Construction and Engineering

Company Overview of Skanska USA Building, Inc.

Company Overview

Skanska USA Building, Inc. provides construction services to the building construction sector in the United States. The company's services include program management, construction management, design-build, general contracting, job order contracting, and leaseback delivery approaches. It has operations in New York, Philadelphia, Boston, Detroit, Seattle, Atlanta, and Houston. The company was incorporated in 2000 and is headquartered in Parsippany, New Jersey. Skanska USA Building, Inc. operates as a subsidiary of Skanska AB (publ).

1633 Littleton Road

Parsippany, NJ 07054

United States

Founded in 2000





Key Executives for Skanska USA Building, Inc.

Chief Executive Officer and President
Chief Operating Officer
Chief Executive Officer of Skanska AB and President of Skanska AB
Age: 58
Chief Executive Officer of Skanska USA Inc. and President of Skanska USA Inc.
Age: 54
Senior Vice President of South Florida Office
Compensation as of Fiscal Year 2015.

Skanska USA Building, Inc. Key Developments

Skanska USA Building, Inc. Appoints Mats Johansson as Co-Chief Operating Officer

Skanska AB named Shawn Hurley as president and CEO for Skanska USA Commercial Development. Hurley succeeds Mats Johansson, who has served as the president and CEO of USA Commercial Development unit since launching in the U.S. in 2009. Johansson will shift to co-chief operating officer (COO) for Skanska USA Building and will oversee building construction operations in Connecticut, Massachusetts and Washington, D.C. Johansson’s 21-year Skanska career has spanned four of Skanska’s business units across three countries. In his new role, Johansson will help grow bundled construction, in which Skanska provides construction financing and design-build services for clients’ build-to-suit facilities.

Skanska USA Building to Build the New Tahoma High School in Maple Valley, USA

Skanska has signed a contract with its existing client, the Tahoma School District, to build the new Tahoma High School and Regional Learning Center in Maple Valley, Washington. The contract is worth USD 89 million, about SEK 750 million, which will be included in the order bookings for Skanska USA Building in the third quarter 2015. The project includes building of new facilities totaling about 30,000 square meters. The scope of work also includes new athletic fields and gymnasiums. Skanska will also construct a 600-seat performing arts center. Construction is under way and the project will be completed in time for the 2017-2018 school year.

Skanska USA Building Reports Earnings Results for the Fourth Quarter and Year Ended December 2014

Skanska USA Building reported earnings results for the fourth quarter and year ended December 2014. For the quarter, the company reported revenue of SEK 9,186 million against SEK 7,283 million a year ago. Operating income was SEK 215 million against SEK 142 million a year ago. For the full year, the company reported revenue of SEK 31,601 million against SEK 29,747 million a year ago. Operating income was SEK 484 million against SEK 476 million a year ago.

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