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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

GULFPORT, Miss.--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a contract valued at approximately $72.7 million by the City of Pensacola, Florida, for Hangar 3 of Project Titan at Pensacola International Airport. The scope of work includes the design and construction of a new pre-engineered metal building hangar with a central shop and p.

Roy Anderson Corp Awarded $72.7 Million Hangar 3 Project at Pensacola International Airport

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the Company's first quarter 2024 results. Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO; Gary Smalley, President; and Ryan Soroka, Senior Vice President and CFO. The Company plans to issue its earnings ann.

Tutor Perini Announces Conference Call to Discuss First Quarter 2024 Results

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering. The sale of the Notes is expected to be completed on or about April 22, 2024. The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiar.

Tutor Perini Prices $400 Million of Senior Notes

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering. The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries. The Company intends to use the net proceeds from this offering, together with cash on hand, to redeem or.

Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes

BLACK RIVER FALLS, Wisc.--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million. The project is located on I-64, east of US‑1 near Grayville, Illinois. The proj.

Lunda Construction Announces Apparent Low Bid for a $136 Million I-64 Bridge and Highway Project

Tutor Perini Corporation (TPC) Q4 2023 Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the fourth quarter and year ended December 31, 2023 (see attached tables). Revenue for 2023 was $3.9 billion, up slightly compared to 2022, primarily due to a lower amount of net unfavorable impacts from settlements, litigation results and other project charges in 2023 as compared to 2022. Revenue for the Civil and Building.

Tutor Perini Reports Fourth Quarter and Full Year 2023 Results

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, February 28, 2024, to discuss the Company's fourth quarter and full year 2023 results. Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO; Gary Smalley, President; and Ryan Soroka, Senior Vice President and CFO. The Company plans to iss.

Tutor Perini Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results

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 systems installation and integration project by the New York Metropolitan Transportation Authority (“MTA”) Construction and Development valued at approximately $67 million for the Connection-Oriented Ethernet, Phase 3C project. The project scope of work includes the replacement o.

Five Star Electric Awarded $67 Million Systems Installation and Integration Package

Roy Anderson, a subsidiary of Tutor Perini (TPC), has been awarded a $80.7 million worth construction project for the New Residence Hall at Mississippi State University.

Tutor Perini's (TPC) Roy Anderson Wins $80.7 Million Project

GULFPORT, Miss.--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a project valued at approximately $80.7 million for the New Residence Hall at Mississippi State University in Starkville, MS. The project scope of work entails construction of a 155,000 square-foot, five-story residence hall on the Mississippi State University campus, which w.

Roy Anderson Corp Awarded $80.7 Million New Residence Hall at Mississippi State University

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today the amendment of its Credit Agreement, dated August 18, 2020, to modify the spring-forward maturity provision and provide the Company with additional financial flexibility. As previously disclosed by the Company, if any of the Company's 6.875% Senior Notes due May 1, 2025 (the “Senior Notes”) are outstanding on January 30, 2025, the sp.

Tutor Perini Announces Amendment of 2020 Credit Agreement

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, today announced that its Board of Directors (the “Board”) has appointed Gary Smalley, the Company's current Executive Vice President and Chief Financial Officer, to the position of President, effective November 15, 2023. The Company plans for Mr. Smalley to succeed Ronald Tutor as Chief Executive Officer of the Company effective January 1, 2025, with.

Tutor Perini Announces Executive Leadership Changes

Tutor Perini Corporation (NYSE:TPC ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Jorge Casado - VP of IR Ronald Tutor - Chairman and CEO Gary Smalley - EVP and CFO Conference Call Participants Steven Fisher - UBS Operator Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Third Quarter 2023 Earnings Conference Call. My name is John, and I will be your coordinator for today.

Tutor Perini Corporation (TPC) Q3 2023 Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the third quarter of 2023. Revenue was $1.1 billion, level compared to the same quarter last year. Higher revenue in the Civil and Building segments was offset by lower revenue in the Specialty Contractors segment associated with certain projects in the Northeast that are complete or nearing completion. In addition, customer.

Tutor Perini Reports Third Quarter 2023 Results

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, November 9, 2023, to discuss the Company's third quarter 2023 results. Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO, and Gary Smalley, Executive Vice President and CFO. The Company plans to issue its earnings announcement the same.

Tutor Perini Announces Conference Call to Discuss Third Quarter 2023 Results

Tutor Perini Corporation has seen a decrease in share price but strong Q2 earnings with a backlog of orders growing by 27% YoY. TPC operates in the construction and engineering sector, with a focus on infrastructure projects and strong connections with the government. Rising material costs and supply chain disruptions pose risks to TPC's profitability and project execution.

Tutor Perini Corporation: Strong Backlog Growth Reveals Sticky Demand (Rating Upgrade)

Tutor Perini's (TPC) Fisk Electric to perform electrical work for the Ocean Outfall Legislation Program.

Tutor Perini's (TPC) Fisk Electric Wins $40M Miami-Dade Contract

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, Fisk Electric Company (“Fisk Electric”), has been awarded a contract valued at more than $40 million for the Miami-Dade County Water and Sewer Department's Ocean Outfall Legislation Program, Construction Package CT-3C-A, Electrical Distribution Building 2 (EDB-2), Contract No. S-949A. The overall project was awarde.

Fisk Electric Awarded Central District Wastewater Treatment Plant Project

Tutor Perini (TPC) is set to bolster its portfolio with a $47 million project awarded to its subsidiary, Perini Management Services, Inc., by the National Park Service.

Tutor Perini (TPC) Secures National Park Contract Worth $47M

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc., has been awarded a fixed-price project valued at approximately $47 million by the National Park Service for the construction of the Marjory Stoneman Douglas Visitor Center in Everglades National Park, Florida. This design-bid-build contract includes construction of the new two-story visitor.

Perini Management Services, Inc. Awarded $47 Million Project for New Visitor Center in Everglades National Park, FL

Tutor Perini Corporation (NYSE:TPC ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Jorge Casado - Vice President of Investor Relations Ronald Tutor - Chairman & Chief Executive Officer Gary Smalley - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Securities Steven Fisher - UBS Operator Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Second Quarter 2023 Earnings Conference Call.

Tutor Perini Corporation (TPC) Q2 2023 Earnings Call Transcript

Tutor Perini (TPC) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $1.23 per share a year ago.

Tutor Perini (TPC) Reports Q2 Loss, Tops Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the second quarter of 2023. Revenue was $1.02 billion, up 19% compared to $861.0 million for the second quarter of last year. The increase was largely due to contributions from certain Civil segment mass-transit projects in California that have significant work remaining, as well as the absence of certain prior-year unfavora.

Tutor Perini Reports Second Quarter 2023 Results

Tutor Perini Corporation, a construction management-oriented company, is returning to its former self with expanding margins and the potential for more revenue due to a massive bill signed previously. TPC has shown significant growth in the backlog, adding $3.2 billion in the first quarter of 2023, but volatile revenues are likely to persist due to the progress of ongoing projects. Despite the construction sector's challenges, including rising material costs and market fluctuations, TPC's financial position is healthy, with a steady cash position and a healthy ratio between cash and debt.

News for Tutor Perini Stock (TPC)