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 2024

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

Tutor Perini's (TPC) Unit Wins Bridge Replacement Work in MN

In the most recent trading session, Tutor Perini (TPC) closed at $22.06, indicating a +1.52% shift from the previous trading day.

Why the Market Dipped But Tutor Perini (TPC) Gained Today

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 awarded a project by the City of St. Paul, Minnesota, valued at approximately $53.6 million for the Kellogg/3rd Street Bridge Replacement Project. The scope of work includes construction of a new bridge with 13 spans totaling over 2,100 feet in length that will have.

Lunda Construction Awarded $53.6 Million Kellogg/3rd Street Bridge Replacement Project

Tutor Perini (TPC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Tutor Perini (TPC) is on the Move, Here's Why the Trend Could be Sustainable

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Hasbro, Tutor Perini, Arm Holdings And Other Big Stocks Moving Higher On Friday

Tutor Perini (TPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Tutor Perini Corporation (TPC) is a Trending Stock

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EMCOR, Dycom Industries, Granite Construction, Tutor Perini and Great Lakes Dredge & Dock have been highlighted in this Industry Outlook article.

Zacks Industry Outlook EMCOR, Dycom Industries, Granite Construction, Tutor Perini and Great Lakes Dredge & Dock

Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, DY, GVA, TPC and GLDD from the Zacks Building Products - Heavy Construction industry.

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In the closing of the recent trading day, Tutor Perini (TPC) stood at $19.66, denoting a -1.06% change from the preceding trading day.

Tutor Perini (TPC) Stock Declines While Market Improves: Some Information for Investors

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ANF, TPC and GPS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 10, 2024.

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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.

Is Tutor Perini (TPC) Stock Undervalued Right Now?

Tutor Perini (TPC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Tutor Perini (TPC) Is a Great Choice for Value Investors

Tutor Perini (TPC), along with its subsidiary, receives a Child Development Center facility construction contract.

Tutor Perini (TPC), Black Construction JV Wins $74M Contract

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.

Is Trending Stock Tutor Perini Corporation (TPC) a Buy Now?

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, Black Construction Corporation, in a joint venture with the Company, has been awarded a contract valued at approximately $74.4 million by the U.S. Naval Facilities Engineering Systems Command, Pacific District for a Child Development Center at Andersen Air Force Base, Guam. The scope of work includes construction o.

Black Construction-Tutor Perini Joint Venture Awarded $74.4 Million Child Development Center at Andersen Air Force Base, Guam

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, Tutor Perini Building Corp., has been awarded a contract valued at approximately $228.6 million by the Broward County Board of County Commissioners for the Terminal Connectors Project at Fort Lauderdale-Hollywood International Airport (FLL). The scope of work includes construction of enclosed post-security walkways.

Tutor Perini Building Corp. Awarded $228.6 Million Terminal Connectors Project at Fort Lauderdale-Hollywood International Airport

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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 that it has completed the redemption of $500 million aggregate principal amount of the Company's 6.875% Senior Notes due May 1, 2025 (the “2025 Notes”). The Company funded the payment for the redemption of the 2025 Notes with the net proceeds of its previously announced offering of $400 million in aggregate principal amount of 11.875%.

Tutor Perini Completes Redemption of $500 Million of Senior Notes

Tutor Perini Corporation (NYSE:TPC ) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Jorge Casado - VP, IR Ronald Tutor - Chairman and CEO Gary Smalley - President Ryan Soroka - SVP and CFO Conference Call Participants Alex Rygiel - B. Riley FBR Steven Fisher - UBS Ethan Kalis - Bank of America Operator Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation First Quarter 2024 Earnings Conference Call.

Tutor Perini Corporation (TPC) Q1 2024 Earnings Call Transcript

Tutor Perini (TPC) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to loss of $0.95 per share a year ago.

Tutor Perini (TPC) Q1 Earnings and Revenues Surpass 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 first quarter of 2024. The Company generated $98.3 million of cash from operating activities in the first quarter of 2024, up 361% compared to $21.3 million for the same period of 2023. The operating cash flow for the first quarter of 2024 was the Company's second-highest result of any first quarter since the 2008 merger.

Tutor Perini Reports First Quarter 2024 Results

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, Black Construction Corporation, in a joint venture with Mace International, has been awarded the following projects, collectively valued at approximately $54.5 million, by the U.S. Naval Facilities Engineering Systems Command, Pacific District. Repairs to North Parking Apron, Phase 2 – This contract, valued at $43,.

Black Construction Awarded Three Projects in Diego Garcia Totaling $54.5 Million

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.

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