Tutor Perini Corp is a leading construction firm that specializes in various sectors including civil, building, and specialty contracting
The company is involved in a broad range of projects, from large-scale infrastructure developments such as highways, bridges, and airports to commercial and residential construction. Tutor Perini is known for its ability to deliver complex projects on time and within budget, leveraging its expertise in project management, engineering, and innovative construction techniques. Additionally, the company is committed to sustainability and safety in its operations, ensuring that it meets the needs of its clients while also contributing positively to the environment and communities it serves.
Shares of general contracting company Tutor Perini (NYSETPC)
jumped 31.2% in the afternoon session after the company reported impressive fourth-quarter results and provided optimistic full-year EPS guidance, which blew past analysts' expectations. On the other hand, its revenue and EPS missed expectations, as the quarter was impacted by ongoing legacy dispute resolutions, which weighed on profitability. Looking ahead, the company expects double-digit revenue growth in 2025 and strong profitability in 2026 and 2027, backed by a record backlog of $18.7 billion. Overall, this quarter was decent.
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General contracting company Tutor Perini (NYSETPC) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 4.5% year on year to $1.07 billion. Its GAAP loss of $1.51 per share was significantly below analysts’ consensus estimates.
Tutor Perini Corporation (the “Company”) (NYSETPC), a leading civil, building and specialty construction company, reported results today for the fourth quarter and year ended December 31, 2024 (see attached tables).
Tutor Perini Corporation (NYSETPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Tutor Perini-Nan Joint Venture has been awarded several options by the Naval Facilities Engineering Systems Command, Marianas, for additional scope of work on the previously announced Apra Harbor Waterfront Repairs Project in Guam. The additional scope options are valued at approximately $232 million, bringing the total contract value of the project to approximately $563 million.
Tutor Perini Corporation (NYSETPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Tutor Perini-O&G Joint Venture is in the process of executing contract documents for the previously announced Manhattan Jail Project in New York. The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor Perini-O&G JV. The anticipated contract amount is $3,764,251,168. The contract term is expected to be 2,646 consecutive calendar days (seven years and three months) until final completion.
Tutor Perini Corporation (NYSETPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has paid off its remaining Term Loan B debt of approximately $47 million. With this latest prepayment, Tutor Perini has successfully accelerated the deleveraging of its balance sheet, reducing total debt by $477 million, or 52%, since December 31, 2023.
Tutor Perini Corporation (NYSETPC) (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, February 27, 2025, to discuss the Company's fourth quarter and full year 2024 results.
Commodity prices regularly swing 25-30% or more in any given year. When this happens, the financial health of these firms can get dicey very quickly, given the amount of capital investment it requires to run them.
Tutor Perini Corporation (NYSETPC) (the “Company”), a leading civil, building and specialty construction company, announced today that a joint venture between the Company and its subsidiary, Frontier-Kemper Constructors, has been awarded a design-build contract valued at approximately $1.18 billion by the Gateway Development Commission for the Manhattan Tunnel Project, a component of the Hudson Tunnel Project (“HTP”). The HTP is a resiliency and reliability project to build two new passenger rail tracks between New York and New Jersey and rehabilitate the century-old North River Tunnel, which was badly damaged during Superstorm Sandy. The Manhattan Tunnel Project scope of work entails the design and construction of twin 30-foot diameter tunnels approximately 700 feet in length beneath the eastern shore of the Hudson River to existing cut-and-cover tunnels beneath Hudson Yards, along with an access shaft at 12th Avenue and the Manhattan West Side Highway, which will later become a ventilation facility for the tunnels.
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Tutor Perini currently trades at $27.19 per share and has shown little upside over the past six months, posting a middling return of 3.1%. The stock also fell short of the S&P 500’s 9.2% gain during that period.
Tutor Perini Corporation (NYSETPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has prepaid an additional $75 million of its Term Loan B debt. With this latest paydown, Tutor Perini has now successfully deleveraged its balance sheet by a total of $430 million over the past twelve months, with $320 million of the debt reduction due to the early paydown of the Term Loan B.
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Tutor Perini Corporation (NYSETPC) (the “Company”), a leading civil, building and specialty construction company, announced today that Gary Smalley has become the Company’s Chief Executive Officer and a member of its Board of Directors. Mr. Smalley, formerly President, succeeds Ronald N. Tutor who has transitioned to the role of Executive Chairman of Tutor Perini’s Board of Directors after serving as Chairman and CEO since 2008.
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