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 Q4 2020

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

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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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?

Tutor Perini (TPC) Misses Q2 Earnings Estimates

Shares of Tutor Perini (NYSE:TPC) moved higher by 3.83% in after-market trading after the company reported Q2 results.

Tutor Perini: Q2 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 three months ended June 30, 2020. Revenue was $1.3 billion, up 13% compared to $1.1 billion for the second quarter of last year.

Tutor Perini Reports Second Quarter 2020 Results

Tutor Perini's (TPC) second-quarter 2020 results are likely to benefit from stable demand and improving market fundamentals.

Will Stable Demand Aid Tutor Perini's (TPC) Q2 Earnings?

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC), 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, July 29, 2020, to discuss the Company's second 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.

Tutor Perini Announces Conference Call to Discuss Second Quarter 2020 Results

FRAMINGHAM, Mass.--(BUSINESS WIRE)--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 two fixed-price task orders collectively valued at approximately $34 million by the Naval Facilities Engineering Command, Mid-Atlantic District, for work at Marine Corps Base Camp Lejeune in North Carolina. The Building 1 Renovation task order is a design-build project that

Perini Management Services, Inc. Awarded Two Task Orders at Camp Lejeune Collectively Valued at $34 Million

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Tutor Perini (TPC) benefits from strong backlog and several large civil projects.

Tutor Perini Stock to Surge in 2020 on Solid Civil Projects

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Tutor Perini Corp (NYSE: TPC) shares are trading lower on Thursday, after the company announced the termination of discussions for a potential acquisition due to volatile market conditions.

News for Tutor Perini Stock (TPC)