Recent ranking proves Mobile-based company’s continued economic viability despite economic downturn Mobile, Alabama (May 25, 2010) - Engineering News Record (ENR) magazine recently ranked White-Spunner Construction Inc. among the Top 400 U.S. Contractors. On May 17, the Mobile, AL-based general contracting, design build and construction management firm was ranked 276 on the top contractor’s list for 2010, holding steady to last year’s ranking, according to the magazine. The recognition comes on the heels of White-Spunner Construction making the list of South Central Construction (SCC) magazine’s Top 20 Contractors in the southern central United States. “The economy has been tough on all construction companies,” said WSC President, Mike Fitzgerald. “We have responded to these challenges by working harder than ever to grow and prosper and to expand our client base. This ranking once again proves our company’s continued economic viability despite a tough economy. Our stable growth and financial viability can be attributed to our hard-working team which remains committed to applying the highest standards of quality, safety and integrity to each and every project.” ENR’s 2010 Top 400 Contractor list ranks the 400 largest General Contractors by 2009 revenue. The company, which also has branch offices in Dallas, TX, Austin, TX, Gulfport, Miss. and Raleigh, N.C., generated $207 million in revenue in 2009. Last year was a tough year for an overwhelming majority of the nation’s construction companies, according to ENR. In 2009, the earlier construction boom’s cushion of large backlogs deflated for most major contractors and the reality of a long-term recession began to hit home, according to the magazine. ENR’s Top 400 Contractors had combined revenue of nearly $291 billion in 2009, down more than 14 percent from more than $338 billion in 2008, the magazine reported. Of the 374 contractors on this year’s list that also submitted surveys last year, 291, or nearly 78%, saw revenue declines in 2009 compared to 2008, according to ENR. Evidence of the economic upheaval also surfaced regionally, with the south central region’s Top 110 Contractors reporting a $1.5 billion reduction in regional revenue in 2009 than the previous year, according to data compiled by SCC Magazine. The Top 110 contractors reported $14.2 billion in revenue in 2009, compared to $15.7 billion in 2008, according to the magazine.