Earnings summaries and quarterly performance for TUTOR PERINI.
Executive leadership at TUTOR PERINI.
GS
Gary Smalley
Detailed
Chief Executive Officer and President
CEO
GA
Ghassan Ariqat
Detailed
Executive Vice President, Building and Specialty Contractors Groups
KA
Kristiyan Assouri
Detailed
Executive Vice President and Chief Legal Officer
RT
Ronald Tutor
Detailed
Executive Chairman
RS
Ryan Soroka
Detailed
Executive Vice President and Chief Financial Officer
WJ
William Jensen
Detailed
Executive Vice President - Western Civil
Board of directors at TUTOR PERINI.
Research analysts who have asked questions during TUTOR PERINI earnings calls.
AT
Adam Thalhimer
Thompson, Davis & Company, Inc.
6 questions for TPC
Also covers: ACM, AZZ, CX +17 more
Michael Dudas
Vertical Research Partners
6 questions for TPC
Also covers: AA, ACM, ARCH +15 more
SF
Steven Fisher
UBS
5 questions for TPC
Also covers: ACM, AGCO, BBCP +23 more
Liam Burke
B. Riley Financial
4 questions for TPC
Also covers: ALTG, BWMN, CCEC +23 more
Alex Rygiel
Texas Capital Securities
2 questions for TPC
Also covers: BLDR, BWMN, BZH +13 more
AR
Alexander Rygiel
B. Riley Securities
1 question for TPC
Also covers: ATKR, BLDR, BZH +8 more
Recent press releases and 8-K filings for TPC.
Tutor Perini Reports Record 2025 Financial Results and Strong Backlog
TPC
Earnings
Guidance Update
New Projects/Investments
- Tutor Perini reported record revenue of $5.5 billion and $4.29 of adjusted earnings per share for 2025, along with a record $748 million in operating cash flow, marking the fourth consecutive year of record cash generation.
- The company ended 2025 with a robust backlog of $20.6 billion, a 10% increase year-over-year, and a solid 1.34x book-to-burn ratio, driven by $7.4 billion in new awards and contract adjustments.
- All segments demonstrated significant improvement, with the Civil segment achieving its highest ever annual revenue and operating income, the Building segment recording its highest operating income since 2011, and the Specialty Contractor segment returning to profitability in the second half of 2025.
- Management anticipates even higher revenue and earnings, increased profitability, and continued strong cash flow in 2026 and beyond, with expectations of a modest backlog reduction in the near term followed by resumed growth.
- The company plans to refinance its debt around mid-2026, aiming for significant interest savings, and expects a decrease in share-based compensation expense in 2026 and 2027.
1 day ago
Tutor Perini Reports Record 2025 Results and Provides 2026 Guidance
TPC
Earnings
Guidance Update
New Projects/Investments
- Tutor Perini achieved a record $5.5 billion in revenue for 2025, a 28% increase year-over-year, and reported $4.29 in adjusted earnings per share.
- The company generated a record $748 million in operating cash flow in 2025, a 49% increase from the previous year, and concluded the year with a net cash position of $327 million.
- Backlog grew 10% year-over-year to $20.6 billion, fueled by $7.4 billion in new awards and contract adjustments.
- For 2026, Tutor Perini anticipates double-digit revenue growth and projects adjusted EPS in the range of $4.90-$5.30.
- The Board of Directors authorized the company's first-ever quarterly cash dividend of 6 cents per share and a $200 million share repurchase program.
1 day ago
Tutor Perini Reports Record 2025 Financial Results and Strong 2026 Outlook
TPC
Earnings
Guidance Update
New Projects/Investments
- Tutor Perini achieved a record year in 2025, reporting $5.5 billion in revenue and $4.29 in adjusted earnings per share, alongside a record $748 million in operating cash flow.
- The company's backlog increased 10% year-over-year to $20.6 billion by year-end 2025, fueled by $7.4 billion in new awards and contract adjustments, yielding a 1.34x book-to-burn ratio.
- For 2026, Tutor Perini forecasts adjusted EPS between $4.90-$5.30, projecting double-digit revenue and strong earnings growth, with even higher earnings expected in 2027.
- The Civil segment recorded its highest annual revenue of $2.8 billion and operating income of $391 million with a 13.7% operating margin in 2025, while the Building and Specialty Contractor segments significantly improved, with the latter returning to profitability in the second half of the year.
- The Board authorized the company's first-ever quarterly cash dividend of 6 cents per share and a $200 million share repurchase program, with the company ending 2025 in a net cash position of $327 million.
1 day ago
Tutor Perini Reports Strong Fourth Quarter and Full Year 2025 Results
TPC
Earnings
Guidance Update
New Projects/Investments
- Tutor Perini reported record revenue of $5.5 billion and record operating cash flow of $748.1 million in 2025, representing a 28% and 49% year-over-year increase, respectively.
- The company returned to strong profitability in 2025, with diluted earnings per share of $1.51 and adjusted EPS of $4.29, significantly up from losses in 2024.
- Consolidated backlog reached $20.6 billion as of December 31, 2025, a 10% increase year-over-year, driven by $7.4 billion in new awards and contract adjustments during 2025.
- Total debt was reduced by $126.8 million, or 24%, during 2025, with cash exceeding total debt by $327 million as of December 31, 2025.
- For 2026, the company anticipates double-digit revenue growth and an adjusted EPS range of $4.90 to $5.30.
1 day ago
Tutor Perini Reports Strong Fourth Quarter and Full Year 2025 Results
TPC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Tutor Perini reported record revenue of $5.5 billion in 2025, an increase of 28% year-over-year, and record operating cash flow of $748.1 million, up 49% year-over-year.
- The company achieved diluted earnings per share of $1.51 and adjusted EPS of $4.29 in 2025, a substantial improvement from losses in 2024.
- Tutor Perini's backlog grew 10% year-over-year to $20.6 billion as of December 31, 2025, with $7.4 billion in new awards and contract adjustments during the year.
- For 2026, the company anticipates double-digit revenue growth and an adjusted EPS range of $4.90 to $5.30.
1 day ago
Tutor Perini Exceeds Q4 Estimates, Issues Strong FY2026 Guidance, and Secures Major Contracts
TPC
Earnings
Guidance Update
New Projects/Investments
- Tutor Perini exceeded Q4 2025 earnings expectations, reporting $1.07 EPS and $1.507 billion in revenue.
- The company issued FY2026 adjusted EPS guidance of $4.90 to $5.30, which is significantly above the consensus estimate of $3.35.
- Tutor Perini secured several new contracts, notably a seven-year, $900 million design-bid-build contract awarded by the U.S. Army Corps of Engineers for work primarily in Israel.
- A $0.06 quarterly cash dividend was declared, and the stock has rallied approximately 272% over the past year, although InvestingPro analysis flags the shares as overvalued.
1 day ago
Tutor Perini Awarded Design Change Order for Honolulu Project Extension
TPC
New Projects/Investments
- Tutor Perini Corporation (TPC) has been awarded a $53 million design change order for an extension to the City Center Guideway and Stations Project in Honolulu, HI.
- This change order enables Tutor Perini to design the segment of the rail that will extend the current terminus and connect Kaka’ako to Ala Moana, including the addition of two stations.
- The company anticipates significant additional funding and a substantial increase in its total contract value if the Honolulu Authority for Rapid Transportation secures additional funding and elects to extend the construction of the project.
Dec 29, 2025, 11:00 AM
Tutor Perini Subsidiary Awarded UC Davis Health Central Utility Plant Expansion Contract
TPC
New Projects/Investments
- Tutor Perini Corporation's subsidiary, Rudolph and Sletten, has been awarded a contract by UC Davis Health for the Central Utility Plant (CUP) Expansion.
- The project involves the construction of a new 32,000-square-foot CUP Annex Building and renovations to the existing Campus Central Plant.
- The contract is valued at approximately $253 million, with $108 million added to the Company's backlog in the fourth quarter of 2025.
- Substantial completion for the project is anticipated in the fall of 2027.
Dec 18, 2025, 11:00 AM
Tutor Perini Announces Quarterly Cash Dividend and Share Repurchase Program
TPC
Dividends
Share Buyback
- Tutor Perini Corporation (TPC) announced the initiation of a quarterly cash dividend of $0.06 per share.
- The company also authorized a $200 million share repurchase program.
- The first dividend is payable on December 23, 2025, to shareholders of record on December 9, 2025, with an expected annualized dividend of $0.24 per share.
- These capital allocation enhancements follow strong Q3 and year-to-date 2025 results, including record year-to-date operating cash flow of $574.4 million and a record backlog of $21.6 billion.
Nov 18, 2025, 11:02 AM
Tutor Perini Reports Record Q3 2025 Operating Cash Flow and Backlog, Raises Full-Year Adjusted EPS Guidance
TPC
Earnings
Guidance Update
New Projects/Investments
- Tutor Perini Corporation reported record operating cash flow of $289 million for Q3 2025 and $574 million for the first nine months of 2025.
- The company achieved a new record backlog of $21.6 billion, representing a 54% year-over-year increase, driven by $2 billion in new awards and contract adjustments during Q3, and a 1.4x book-to-burn ratio.
- Q3 2025 revenue was $1.42 billion, marking a 31% year-over-year increase, with GAAP EPS of $0.07 and adjusted EPS of $1.15. The Specialty Contractor segment returned to profitability ahead of expectations.
- Tutor Perini raised its 2025 adjusted EPS guidance for the third consecutive quarter to a range of $4.00 to $4.20.
- The company anticipates adjusted EPS in 2026 and 2027 to be significantly higher than the upper end of the increased 2025 guidance, with strong operating cash flow expected to continue beyond 2025.
Nov 5, 2025, 10:00 PM
Quarterly earnings call transcripts for TUTOR PERINI.
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