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

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, Fisk Electric Company, has been awarded a subcontract valued at approximately $41 million by Robins & Morton, the project's general contractor, for the electrical component of the new Gloria Drummond Patient Tower at the Boca Raton Regional Hospital in South Florida. This new nine-story patient tower will inclu.

Fisk Electric Awarded $41 Million Electrical Subcontract for a New Hospital Tower in South Florida

Tutor Perini (NYSE: TPC ) stock is moving on Tuesday despite the company landing a massive New York City jail contract. According to a press release, the company has been awarded a $2.95 billion contract to design a build a NYC jail.

Why Is Tutor Perini (TPC) Stock Down Today?

Tutor Perini is one of the most beat-up stocks I follow. It is worth more dead than alive now. But help is coming in the form of $1.2 trillion in Federal infrastructure grants to state and local agencies, Tutor's customers. The first grants went out last fall.

Tutor Perini: Unique Turnaround Opportunity

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, May 4, 2023, to discuss the Company's first quarter 2023 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 day a.

Tutor Perini Announces Conference Call to Discuss First Quarter 2023 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 Guam-based subsidiary, Black Micro Corp. (a unit of Black Construction Corporation), has been awarded a firm-fixed-price contract valued at $221,690,757 by the Naval Facilities Engineering Systems Command Pacific for construction at Tinian International Airport, Tinian, Commonwealth of Northern Mariana Islands (CNMI). The work.

Black Construction Awarded $222 Million Tinian International Airport Project

I last wrote about Tutor Perini ( TPC ) as the Bear of the Day in November of 2021 when shares were trading near $15. With a $275 million market cap, this diversified general contracting and global construction management firm topped $5.3 billion in revenues in 2020, but declining quarterly sales at the time, for the consecutive year, projected a drop below $4 billion going forward.

Bear of the Day: Tutor Perini (TPC)

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, Lunda Construction Company, has been awarded a contract valued at approximately $62 million by the Minnesota Department of Transportation for Repairs to the I-494 Bridge over the Minnesota River in Bloomington, MN.

Lunda Construction Awarded $62 Million I-494 Bridge Repair Project

ProFrac Holding Corp

National Energy Services Reunited

Uranium Energy

Bristow Group Inc. 

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Top 5 Energy Stocks That May Rocket Higher This Quarter - National Energy Services (NASDAQ:NESR), ProFrac Holding (NASDAQ:ACDC)

Tutor Perini Corporation (NYSE:TPC ) Q4 2022 Earnings Conference Call March 15, 2023 5:00 PM ET Company Participants Jorge Casado - VP of IR Ronald Tutor - Chairman and CEO Gary Smalley - EVP and CFO Conference Call Participants Tony Christ - Odyssey Investments Dhruv Ohri - Vibrant Capital Operator Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Fourth Quarter 2022 Earnings Conference Call. My name is Joe, and I will be your coordinator for today.

Tutor Perini Corporation (TPC) Q4 2022 Earnings Call Transcript

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, 2022. The fourth quarter and year ended December 31, 2022 results are included in the tables attached to this release. Revenue for 2022 was $3.8 billion, down 18% compared to 2021.

Tutor Perini Reports Fourth Quarter and Full Year 2022 Results

NEW YORK--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has been advised that Accelerate Maryland Partners LLC (“AM Partners”) will no longer be proceeding with the Maryland Express Lanes Project (previously referred to as Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan).

Tutor Perini Announces Accelerate Maryland Partners Will Not Proceed with the Maryland Express Lanes Project

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, March 15, 2023, to discuss the Company's fourth quarter and full year 2022 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 Fourth Quarter and Full Year 2022 Results

TPC announced on December 9 that they are taking a $43 million charge in 4Q because of a court ruling regarding a New York transportation project's billings. This construction company is in the process of winning new mega multi-billion-dollar projects.

Tutor Perini Has 2 Major Positives That Could Dramatically Impact Their Stock Price

Tutor Perini Corporation (NYSE:TPC ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Jorge Casado - Vice President of Investor Relations Ronald Tutor - Chairman and CEO Gary Smalley - Executive Vice President and CFO Conference Call Participants Brent Thielman - D.A. Davidson Steven Fisher - UBS Operator Good day, ladies and gentlemen.

Tutor Perini Corporation (TPC) Q3 2022 Earnings Call Transcript

Tutor Perini (TPC) delivered earnings and revenue surprises of -6,400% and 19.34%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Tutor Perini (TPC) Reports Q3 Loss, Tops Revenue 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 third quarter of 2022.

Tutor Perini Reports Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Five Star Electric (“Five Star”), has been awarded two new contracts collectively valued at approximately $90 million.

Five Star Electric Awarded Two Contracts Collectively Valued at Approximately $90 Million

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 2, 2022, to discuss the Company's third quarter 2022 results.

Tutor Perini Announces Conference Call to Discuss Third Quarter 2022 Results

Perini Management Services, Inc. Awarded Three Federal Contracts Collectively Valued at $164 Million

NEW YORK--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has been selected by Accelerate Maryland Partners LLC (“AM Partners”) as the design and construction contractor for Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan, one of the largest civil works projects ever undertaken in the United States. Tutor Perini was selected by AM Partners to design and construc

Tutor Perini Selected as the Design and Construction Contractor for Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan

Tutor Perini Corporation (NYSE:TPC ) Q2 2022 Earnings Conference Call August 5, 2022 11:00 AM ET Company Participants Jorge Casado - Vice President of Investor Relations Ronald Tutor - Chairman and CEO Gary Smalley - Executive Vice President and CFO Conference Call Participants Steven Fisher - UBS Alex Rygiel - B. Riley Operator Good day, ladies and gentlemen.

Tutor Perini Corporation (TPC) CEO Ronald Tutor on Q2 2022 Results - Earnings Call Transcript

Tutor Perini (TPC) delivered earnings and revenue surprises of -415.38% and 23.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Tutor Perini (TPC) Reports Q2 Loss, Misses Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the second quarter of 2022. Revenue was $0.9 billion compared to $1.2 billion for the second quarter of last year. The decrease was primarily due to reduced project execution activities on various projects in all three segments, most of which are completed or nearing completion, partially offset by increased activities on ce

Tutor Perini Reports Second Quarter 2022 Results

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 8:00 AM Pacific Time on Friday, August 5, 2022, to discuss the Company's second quarter 2022 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 day

Tutor Perini Announces Conference Call to Discuss Second Quarter 2022 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.

News for Tutor Perini Stock (TPC)