Earnings summaries and quarterly performance for TUTOR PERINI.
Executive leadership at TUTOR PERINI.
Gary Smalley
Chief Executive Officer and President
Ghassan Ariqat
Executive Vice President, Building and Specialty Contractors Groups
Kristiyan Assouri
Executive Vice President and Chief Legal Officer
Ronald Tutor
Executive Chairman
Ryan Soroka
Executive Vice President and Chief Financial Officer
William Jensen
Executive Vice President - Western Civil
Board of directors at TUTOR PERINI.
Research analysts who have asked questions during TUTOR PERINI earnings calls.
Adam Thalhimer
Thompson, Davis & Company, Inc.
4 questions for TPC
Michael Dudas
Vertical Research Partners
4 questions for TPC
Steven Fisher
UBS
3 questions for TPC
Liam Burke
B. Riley Financial
2 questions for TPC
Alexander Rygiel
B. Riley Securities
1 question for TPC
Recent press releases and 8-K filings for TPC.
- 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.
- 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.
- 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.
- 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.
- Tutor Perini Corporation reported Q3 2025 revenue of $1.42 billion, an increase of 31% year-over-year.
- Adjusted EPS for Q3 2025 was $1.15, a significant improvement compared to an adjusted diluted loss per share of $1.61 in Q3 2024.
- The company raised its 2025 Adjusted EPS guidance to a range of $4.00 to $4.20 (up from $3.65 to $3.95) and expects 2026 and 2027 Adjusted EPS to be significantly higher.
- Tutor Perini achieved a record backlog of $21.6 billion at the end of Q3 2025, up 54% year-over-year.
- Operating cash flow reached a record $289.1 million in Q3 2025, and $574.4 million for the first nine months of 2025.
- Tutor Perini reported revenue of $1.42 billion in Q3 2025, marking a 31% increase year-over-year.
- The company achieved Adjusted EPS of $1.15 in Q3 2025, a substantial improvement compared to an adjusted diluted loss per share of $1.61 in Q3 2024.
- Tutor Perini generated record operating cash flow of $289.1 million in Q3 2025 and $574.4 million for the first nine months of 2025, while also reaching a record backlog of $21.6 billion at the end of Q3 2025, up 54% year-over-year.
- The company raised its 2025 Adjusted EPS guidance for the third consecutive quarter, now expecting a range of $4.00 to $4.20.
- Management anticipates Adjusted EPS for 2026 and 2027 to be significantly higher than the upper end of the increased 2025 guidance.
- Tutor Perini reported a record backlog of $21.6 billion as of Q3-25, representing a 54% year-over-year increase, with the high-margin Civil segment contributing $10.5 billion.
- The company's revenue for Q3-25 grew by 30.7% to $1.42 billion, contributing to $4.04 billion for the first nine months of 2025.
- Adjusted EPS for the first nine months of 2025 was $3.22, a significant improvement from a loss in the prior year.
- Tutor Perini raised its FY25 Adjusted EPS guidance to $4.00 - $4.20 and anticipates substantially higher revenue and earnings in 2026 and beyond.
- The company generated record 9 months YTD25 operating cash flow of $574 million and reduced total debt by $487 million (54%) from 12/31/23 through 9/30/25, with cash exceeding total debt by $283 million.
- South African mobile operator Cell C plans to list all its ordinary shares on the Johannesburg Stock Exchange (JSE) under the ticker symbol "CCD" through a private placement of existing shares held by The Prepaid Company (TPC).
- The listing aims to raise approximately 7.7 billion rand (about $440 million), with proceeds used by TPC to reduce debt, pay dividends, and support working capital; Cell C itself will not directly receive funds.
- Ahead of the listing, Cell C will undergo significant corporate restructuring, including converting TPC's debt claims into equity and acquiring Comm Equipment Company (CEC).
- The private placement includes an allocation of up to R2.4 billion ($137 million) for a Broad-Based Black Economic Empowerment vehicle and a R500 million ($28 million) overallotment option.
Quarterly earnings call transcripts for TUTOR PERINI.
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