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

Tutor Perini Corporation (TPC) CEO Ronald Tutor on Q4 2020 Results - Earnings Call Transcript

Shares of Tutor Perini (NYSE:TPC) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 2.99% over the past year to $0.69, which beat the estimate of $0.61.

Tutor Perini: Q4 Earnings Insights

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, 2020. Revenue for the fourth quarter and full year of 2020 was $1.3 billion and $5.3 billion, an increase of 15% and 20%, respectively, compared to the same periods last year. The Company experienced double-digit revenue growth across all segments in both periods despite the eff

Tutor Perini Reports Fourth Quarter and Full Year 2020 Results

Dycom Industries

Orion Group Hlds

Primoris Services

Sterling Construction

5 Top Stocks From the Prospering Heavy Construction Industry

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 24, 2021, to discuss the Company's fourth quarter and full year 2020 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 annou

Tutor Perini Announces Conference Call to Discuss Fourth Quarter and Full Year 2020 Results

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc., has been awarded a fixed-price task order contract by the U.S. Customs and Border Protection valued at approximately $44.1 million to repair the San Juan Custom House in Puerto Rico. The San Juan Custom House, built in 1924, is a Spanish Colonial Revival style building listed

Perini Management Services, Inc. Awarded $44.1 Million San Juan Custom House Renovation Contract

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, today announced that its subsidiary, Perini Management Services, Inc. (PMSI), has recently been awarded two fixed-price federal contracts collectively valued at approximately $66.9 million. Design-Build Pre-Fabricated Dormitory, Federal Law Enforcement Training Centers (FLETC), Glynco, Georgia PMSI received a $40.9 million task order contract un

Perini Management Services, Inc. Announces Two Federal Contracts Collectively Valued at $66.9 Million

Tutor Perini saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before. The post Stocks With Rising Composite Ratings: Tutor Perini appeared first on Investor's Business Daily.

Stocks With Rising Composite Ratings: Tutor Perini

Firm is just off the back of some pretty solid Q3 numbers. Earnings and cash/flow are growing significantly.

Tutor Perini: Breakout May Be In The Cards Here

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Rudolph and Sletten, has been awarded $54 million to complete a mixed-use project in Los Angeles. Located along Eighth Street, Oxford Avenue and Serrano Avenue in Los Angeles, The Rise Koreatown is being developed by Florida-based Rescore Property Corp. Designed by Nadel Architecture, the project is a seven-story m

Rudolph and Sletten Awarded $54 Million to Complete The Rise Koreatown Mixed-Use Project

Tutor Perini Corporation (TPC) CEO Ronald Tutor on Q3 2020 Results - Earnings Call Transcript

Tutor Perini (TPC) delivered earnings and revenue surprises of 9.09% and 8.86%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Tutor Perini (TPC) Q3 Earnings and Revenues Surpass Estimates

Shares of Tutor Perini (NYSE:TPC) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 89.47% year over year to $0.72, which beat the estimate of $0.65.

Tutor Perini: Q3 Earnings Insights

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 2020. Revenue was $1.4 billion, the highest revenue of any quarter in more than ten years and up 21% compared to $1.2 billion for the third quarter of last year. The Company experienced double-digit revenue growth across all segments with only an immaterial impact from the COVID-19 pandemic in the third

Tutor Perini Reports Strong Third Quarter 2020 Results

Tutor Perini (TPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Tutor Perini (TPC) to Report Q3 Results: Wall Street Expects Earnings Growth

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, November 4, 2020, to discuss the Company's third quarter 2020 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 2020 Results

Great Lakes Dredge & Dock

4 Top Stocks From the Prospering Heavy Construction Industry

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that on September 28, 2020, the Company received a partial final arbitration award of approximately $23.6 million against Gary Segal, the former owner, president and CEO of Five Star Electric Corporation (“Five Star”), a wholly owned subsidiary of the Company that was acquired in 2011. The arbitrator found, among other things, that Mr.

Tutor Perini Announces Favorable Arbitration Decision

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that Black Construction-Tutor Perini JV has been awarded a task order valued at approximately $47 million (including certain options) by the Naval Facilities Engineering Command, Pacific Region, for the P-491 Explosive Ordnance Disposal Compound Facilities Project at Naval Base Guam. The project scope of work includes design and constr

Tutor Perini Announces $47 Million Naval Facilities Project in Guam

ArcelorMittal

Scorpio Tankers

When seeking value opportunities amid companies operating in capital-intensive industries, investors may want to screen the market for stocks whose price to tangible book value ratios are more compelling than competitors.

3 Capital Intensive Stocks for the Value Investor

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today a refinancing and new credit agreement. The agreement includes a $425 million 7-year term loan B and a $175 million 5-year revolving credit facility.

Tutor Perini Announces Refinancing and New Credit Agreement

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that South Coast Rail Constructors, a joint venture between the Company and The Middlesex Corporation, the managing partner, has been identified by the Massachusetts Bay Transportation Authority as the apparent low bidder for the South Coast Rail, Middleborough Secondary & New Bedford Main Line Commuter Rail Expansion Project in Ma

Tutor Perini Announces Low Bid for a $403 Million Commuter Rail Expansion Project

SAN CARLOS, Calif.--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that over the past six months its subsidiary, Rudolph and Sletten (R&S), has been awarded approximately $399 million in public education projects.

Rudolph and Sletten Awarded $399 Million in Public Education Projects

Tutor Perini Corporation (TPC) CEO Ronald Tutor on Q2 2020 Results - Earnings Call Transcript

Tutor Perini (TPC) delivered earnings and revenue surprises of -9.76% and 6.14%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Tutor Perini Stock (TPC)