Tutor Perini

Tutor Perini Corp. engages in the provision of construction services. It operates through the following business segments: Civil, Building, and Specialty Contractors. The Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure across the major geographic regions of the United States. The Building segment offers services to a number of specialized building markets for private and public works customers, including hospitality and gaming, transportation, health care, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high-tech. The Specialty Contractors segment covers electrical, mechanical, plumbing, HVAC, fire protection systems and pneumatically placed concrete for a full range of civil and building construction projects in the industrial, commercial, hospitality and gaming, and mass-transit end markets. The company was founded by Bonfiglio Perini in 1918 and is headquartered in Sylmar, CA.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Tutor Perini faces revenue decline in 2022 but eyes turnaround

Tutor Perini navigated a tough 2022 with revenue and earnings declines, but strong cash flow management and debt reduction demonstrate financial resilience.
Strategic changes and a positive outlook for 2023, with plans for debt reduction and revenue growth, position the company for a turnaround.
While challenges like project delays persist, opportunities in cash generation, new awards, and operational improvements offer avenues for future growth and performance.

Tutor Perini reports Q1 loss, eyes stronger cash generation

Tutor Perini navigated challenges in Q1 2023 with a loss driven by legal charges and project adjustments, but maintains a strong backlog and solid cash flow. The company is optimistic about future cash generation, new project awards, and improved financial performance in 2024 and beyond.

Tutor Perini reports strong Q2 growth, eyes future project opportunities

Tutor Perini demonstrated resilience with strong revenue and backlog growth in Q2 2023.
Challenges in the Specialty Contractors segment and uncertainties in guidance and tax rates persist.
Anticipated growth in 2024 and beyond, driven by bidding on major projects and resolving disputes.
Overall, Tutor Perini shows potential for improved financial performance and sustained growth.

Tutor Perini reports mixed Q3 results, eyes strong backlog growth

Tutor Perini reported mixed Q3 results with strong cash flow and backlog growth but faced earnings challenges from resolved disputes.
The company made progress in settling claims and disputes, aiming to clear outstanding issues by the end of 2024.
Despite challenges in the Specialty Contractors segment, Tutor Perini remains optimistic about exceeding cash flow records and resolving disputes by 2024.

Tutor Perini reports record cash flow and anticipates strong growth

Tutor Perini's 2023 performance reflects a mix of achievements and challenges, with a strong focus on debt reduction and revenue growth.
The company's strengths lie in its bidding success, favorable contract terms, and anticipated backlog expansion in the coming years.
Challenges include managing disputed claims, debt levels, and the impact of limited competition on market dynamics.
Opportunities abound in leveraging bidding wins, reducing debt, and capitalizing on a growing backlog to drive future profitability.

Tutor Perini surpasses Q1 expectations, eyes strong growth ahead

Tutor Perini's Q1 performance showcased strong revenue growth, margin improvement, and debt reduction. The company is poised for positive earnings in 2024, with even better prospects in 2025 and 2026. Resolving legacy disputes and focusing on backlog growth are key priorities for sustained success.

Tutor Perini reports strong Q2 earnings, eyes growth opportunities

Tutor Perini's Q2 2024 performance reflects solid financial results, with revenue growth, improved net income, and debt reduction.
The company's strengths lie in its operational efficiency, strategic focus on resolving disputes, and anticipation of future growth opportunities.
Challenges include the need to resolve legacy disputes, manage competition, and sustain improvements in key segments, while opportunities abound in revenue expansion and financial health.

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TPC boosts backlog with a new construction contract from the Naval Facilities Engineering Systems Command, Pacific District.

Tutor Perini's JV Secures $113M Contract in Guam, Stock Gains

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company, in a joint venture with its subsidiary, Black Construction Corporation, has been awarded a contract valued at approximately $113.3 million by the Naval Facilities Engineering Systems Command, Pacific, for the P-541 Missile Integration Test Facility at Naval Base Guam. The scope of work for this project, under the Paci.

Black Construction-Tutor Perini Joint Venture Awarded $113.3 Million P-541 Missile Integration Test Facility in Guam

Share price jumped by nearly 200% YTD, mainly driven by strong fundamentals, despite ongoing legacy disputes and cost overruns in the specialty contractors segment. Q2 2024 earnings were impacted by a $12.4 million adjustment due to settlements in the civil segment, but net income and operating income have turned positive since Q1 2024. The company has effectively reduced net debt and increased cash reserves in the past years, with a strong backlog of $10.4 billion.

Tutor Perini: Share Price Rising On Strong Fundamentals

Tutor Perini Corporation is a major player in civil infrastructure, with a strong project backlog and limited competition due to high industry barriers. The company delivered strong Q2 results, with significant YoY growth in revenue, operating income, and EBITDA, while reducing debt and positioning for long-term financial stability despite some bottom-line setbacks. TPC's strong recent growth, discounted valuation multiples, and favorable comparison to construction peers suggest it is an attractive buy opportunity despite rapidly outperforming competitors in the past year.

Tutor Perini: Strong Fundamentals, Limited Competition, And Undervaluation

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Tutor Perini (TPC) Right Now?

Tutor Perini (TPC) closed at $25.60 in the latest trading session, marking a -0.27% move from the prior day.

Tutor Perini (TPC) Stock Dips While Market Gains: Key Facts

Tutor Perini (TPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Tutor Perini Corporation (TPC) Is a Trending Stock: Facts to Know Before Betting on It

Tutor Perini (TPC) reachead $26.20 at the closing of the latest trading day, reflecting a +0.61% change compared to its last close.

Tutor Perini (TPC) Increases Despite Market Slip: Here's What You Need to Know

Tutor Perini gains from favorable public capital spending, especially for large projects and efforts in reducing debt.

TPC Stock Surges 87% in 6 Months: Should You Buy Now or Wait?

Zacks.com users have recently been watching Tutor Perini (TPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors Heavily Search Tutor Perini Corporation (TPC): Here is What You Need to Know

If you are looking for stocks that are well positioned to maintain their recent uptrend, Tutor Perini (TPC) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

What Makes Tutor Perini (TPC) a Good Fit for 'Trend Investing'

Tutor Perini's JV With Black Construction Wins New Project in Guam

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company, in a joint venture with its subsidiary, Black Construction Corporation, has been awarded a contract by the Naval Facilities Engineering Systems Command, Pacific District, for the P-324 9th Engineering Support Battalion Headquarters Project at Marine Corps Base Guam. The scope of work includes constructing low-rise fac.

Black Construction-Tutor Perini Joint Venture Awarded $38.3 Million P-324 9th Engineering Support Battalion Headquarters Project in Guam

LAKE FOREST, Ill.--(BUSINESS WIRE)--Trustmark Mutual Holding Company is pleased to announce the promotion of John Anderson to President.

Trustmark Mutual Holding Company Announces Promotion of John Anderson to President

Should Value Investors Buy Tutor Perini (TPC) Stock?

Consistent contract wins bode well for Tutor Perini's growth prospects. Its subsidiary, Five Star Electric, secures a significant lighting subcontract for JFK International Airport Terminal 6.

TPC Stock Gains on JFK Terminal 6 Lighting Subcontract Win

NEW YORK--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Five Star Electric, has been awarded a subcontract by AECOM-Hunt for a two-phased undertaking to provide lighting, lighting controls and associated electrical branch wiring for the new JFK Terminal 6 (T6) currently under construction at John F. Kennedy International Airport and set to open in 2026. Work is expected to.

Five Star Electric Awarded Lighting Subcontract for JFK International Airport Terminal 6

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Rudolph and Sletten, has begun construction of the Stanford Hospital Pod E Renovation project in Palo Alto, California. The scope of work consists of renovations to a four-story 62,000 square-foot (sf) portion of the existing acute care hospital for upgraded inpatient nursing units for cancer patient recovery. The.

Rudolph and Sletten Announces Construction Start for the Stanford Hospital Pod E Renovation Project

Tutor Perini (TPC) benefits from efficient project execution and diversified delivery methods and services.

Tutor Perini (TPC) Wins $1.66B Contract, Fortifies Q3 Backlog

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has been awarded a contract valued at approximately $1.66 billion by the Honolulu Authority for Rapid Transportation (HART) for the City Center Guideway and Stations Project in Honolulu, Hawaii. The contract is expected to be executed in mid-September. The project scope of work includes the design and construction of six rail s.

Tutor Perini Awarded $1.66 Billion City Center Guideway and Stations Project in Honolulu

Tutor Perini's (TPC) WDF to Build a New Boiler Plant in Manhattan

NEW YORK--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, WDF, Inc., has been awarded a project valued at approximately $35.5 million by the New York City Housing Authority to construct a new boiler plant at George Washington Carver Houses, a 13-building public housing development in Manhattan. The scope of work includes replacement of the existing boiler plant with new boil.

WDF Awarded $35.5 Million Boiler Plant Project at George Washington Carver Houses

Tutor Perini Corporation (NYSE:TPC ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Jorge Casado - Vice President-Investor Relations Ronald Tutor - Chairman & Chief Executive Officer Ryan Soroka - Senior Vice President & Chief Financial Officer Gary Smalley - President Conference Call Participants Steven Fisher - UBS Min Cho - B. Riley Adam Thalhimer - Thompson Davis Operator Good day ladies and gentlemen, and welcome to the Tutor Perini Corporation Second Quarter 2024 Earnings Conference Call.

Tutor Perini Corporation (TPC) Q2 2024 Earnings Call Transcript

Tutor Perini (TPC) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to loss of $0.72 per share a year ago.

Tutor Perini (TPC) Q2 Earnings Beat Estimates

LOS ANGELES--(BUSINESS WIRE)-- #earnings--Tutor Perini Corporation (the "Company") (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the second quarter of 2024. The Company generated $53.1 million of cash from operating activities in the second quarter of 2024 compared to $56.3 million for the same period of 2023. For the first six months of 2024, the Company generated $151.4 million of cash from operating activities, an increase compared to $77.7 million.

News for Tutor Perini Stock (TPC)