TPC
Tutor Perini Corporation69.46
+1.65+2.43%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guidance; details better terms
Q&A largely reaffirmed Tutor Perini's strong 2026 guidance, stressing high backlog visibility means little needs to happen to hit $4.90-$5.30 adjusted EPS amid Q1 seasonality and weather contingencies. Management detailed superior contract terms on new mega-projects—no delay damages, better payments—curbing disputes and litigation costs going forward. Rudolph & Sletten's ~$2B California healthcare project advances in preconstruction, with high conversion odds into 2027 bookings. Legacy disputes trimmed to ~12 from 50; no resource constraints. Backlog turns lumpier short-term, but growth expected. Confident tone persists; watch dispute tail and project ramps.
Key Stats
Market Cap
3.66BP/E (TTM)
-Basic EPS (TTM)
-0.55Dividend Yield
0%Recent Filings
8-K
Record revenue, cash flow
Tutor Perini crushed 2025 with record $5.5B revenue, up 28% Y/Y, and $748.1M operating cash flow, up 49%. Swung to $232M income from construction operations from 2024's $103.8M loss; debt fell 24% to $407M. Backlog hit $20.6B. Guides 2026 double-digit revenue growth, adjusted EPS $4.90-$5.30. Cash flow reigns supreme.
10-K
FY2025 results
Tutor Perini crushed FY2025 with $5.5B revenue, up 28% y/y, fueled by Civil's record $2.8B (up 34%) on mega-projects like NYC's Midtown Bus Terminal. Construction ops swung to $232M profit from 2024's $104M loss, thanks to net favorable project tweaks and Civil's 13.7% margins. Backlog hit $20.6B, up 10%, with $6B due in 2026; Civil leads at $10.2B. Q4 momentum roared via new awards like $1.9B terminal work, record $748M op cash flow, Term Loan B payoff, $0.06/share dividend kickoff, and $200M buyback launch—debt now $407M. Yet litigation risks, like that $102M arbitration hit, could snag quarterly cash.
8-K
Dividend and $200M buyback authorized
Tutor Perini declared a $0.06 per share quarterly cash dividend, payable December 23 to shareholders of record December 9, and authorized a $200 million share repurchase program. This rewards investors amid record 2025 results: $574.4 million year-to-date operating cash flow, $21.6 billion backlog. Strong cash flow fuels returns. Forward-looking plans face litigation and execution risks.
8-K
Strong Q3 results, raised guidance
Tutor Perini Corporation reported robust Q3 2025 results, with revenue surging 31% year-over-year to $1.42 billion, driven by higher-margin projects in civil and specialty segments. Income from construction operations flipped to $40.1 million from a $106.8 million loss last year, bolstered by $2.0 billion in new awards that pushed backlog to a record $21.6 billion, up 54%. The company raised 2025 adjusted EPS guidance to $4.00-$4.20, while anticipating even stronger performance in 2026 and 2027. Cash flow hit records, yet litigation risks loom large.
10-Q
Q3 FY2025 results
Tutor Perini posted Q3 revenue of $1.4B, up 30.7% y/y from $1.1B, fueled by robust execution on large civil and building projects while specialty contractors rebounded sharply. Income from operations swung to $40.1M from a $106.8M loss, with gross margins climbing to 12.0% versus -2.4% amid the absence of last year's arbitration hits; y/y EPS improved to $0.07 from -$1.92, reconciling to 53.7M diluted shares. Cash swelled to $696M with $574M operating cash flow for the nine months, free cash flow at $468M (derived), and debt trimmed to $413M after repaying the $122M Term Loan B, revolver fully available at $170M. Backlog hit a record $21.6B. Yet litigation drags on legacy disputes.
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