Perini Corporation Ranked No. 1 in the Boston Globe's Annual Globe 100 List of Best Performing Companies
May 22 2007 - 11:21AM
Business Wire
Perini Corporation (NYSE:PCR) announced today it was ranked first
among Massachusetts' "Top 100" publicly traded companies by the
Boston Globe in its annual "Globe 100" listing released today. The
Globe 100 evaluates the best-performing publicly traded
corporations based in Massachusetts by how well they increased
sales, profits, and returns for shareholders during 2006 and then
derives a composite score, which is calculated by Standard and
Poor's. The Globe's categories are designed to encompass the
qualities that make for a successful company. To qualify, a company
must be publicly traded on a major exchange, based in Massachusetts
and must have been profitable for the past two years. With total
revenue for 2006 of $3.0 billion, a 76% increase over 2005, Perini
ranked at the top of the list for one-year change in revenue for
publicly held companies in Massachusetts. In addition, Perini
ranked fourth overall for one-year change in profit margin
percentage, tenth overall in total revenue, and twenty-fifth
overall in return on equity. Robert Band, President and Chief
Operating Officer, stated that, "We are pleased to be ranked number
one on The Globe 100 list of publicly traded firms in
Massachusetts. Our success in 2006 was due to the efforts of our
employees in converting our large backlog of work into revenues. We
look forward to another year of strong growth in revenues and
profits as we continue to deliver on our large-scale, complex
building construction projects and our civil and management
services projects in 2007." About Perini Corporation Perini
Corporation is a leading construction services company offering
diversified general contracting, construction management and
design/build services to private clients and public agencies
throughout the world. We have provided construction services since
1894 and have established a strong reputation within our markets by
executing large complex projects on time and within budget while
adhering to strict quality control measures. We offer general
contracting, preconstruction planning and comprehensive project
management services, including the planning and scheduling of the
manpower, equipment, materials and subcontractors required for a
project. We also offer self-performed construction services
including sitework, concrete forming and placement and steel
erection. We are known for our hospitality and gaming industry
projects, sports and entertainment, educational, transportation,
healthcare, biotech, pharmaceutical and high-tech facilities, as
well as large and complex civil construction projects and
construction management services to U.S. military and government
agencies.
Perini (NYSE:PCR)
Historical Stock Chart
From May 2024 to Jun 2024
Perini (NYSE:PCR)
Historical Stock Chart
From Jun 2023 to Jun 2024