Tutor Perini delivered outstanding third-quarter results, driven by strong operating performance and contributions from higher-margin projects. The company achieved record operating cash flow and backlog, leading to a substantial increase in revenue and a return to profitability across all segments.
Tutor Perini delivered exceptional second-quarter results, driven by strong revenue growth across all segments and higher-margin projects. The company achieved record operating cash flow and a record backlog, leading to increased confidence and a raised EPS guidance for 2025, with expectations for even higher earnings in 2026 and 2027.
Tutor Perini reported strong results for the first quarter of 2025 with significant year-over-year growth in revenue, income from construction operations, and diluted EPS. The company achieved a record backlog and substantially reduced total debt.
Tutor Perini reported a net loss for Q4 2024, but highlighted record operating cash flow and backlog growth. The company reduced its debt significantly and anticipates double-digit revenue growth and improved profitability in 2025.
Tutor Perini reported a net loss for Q3 2024, primarily due to net charges of approximately $152 million related to dispute resolutions. However, the company achieved a record backlog of $14.0 billion and anticipates strong cash flow in the coming periods, expecting to return to profitability in 2025.
Tutor Perini reported strong operating cash flow and solid year-over-year revenue growth in Q2 2024. The company is affirming its 2024 EPS guidance in the range of $0.85 to $1.10.
Tutor Perini reported a revenue of $1.02 billion for Q4 2023. The company's backlog increased 28% year-over-year to $10.2 billion. They are establishing initial EPS guidance for 2024 in the range of $0.85 to $1.10.
Tutor Perini reported Q3 2023 results with a flat revenue of $1.1 billion compared to the same quarter last year. The company experienced a net loss of $36.9 million, or $0.71 per diluted share. However, operating cash flow was strong at $103.2 million, and backlog grew to $10.6 billion, up 28% year-over-year.
Tutor Perini Corporation reported a 19% increase in revenue for Q2 2023, reaching $1.02 billion, and a significant 27% growth in backlog to $10.9 billion. The company generated $56.3 million in operating cash flow and anticipates strong operating cash generation for the remainder of the year, with expectations to exceed the record amount reported in 2022.
Tutor Perini reported a decrease in revenue and a loss from construction operations for 2022, primarily due to a lack of major new awards, project adjustments, and unfavorable legal outcomes. However, the company generated a record operating cash flow and implemented strategic changes to improve future performance.
Tutor Perini reported a decrease in revenue and a net loss for Q3 2022 compared to Q3 2021, primarily due to reduced project execution and unfavorable legal rulings. However, the company generated strong operating cash flow and maintains a healthy backlog.
Tutor Perini reported a net loss of $63.0 million for Q2 2022, compared to a net income of $31.2 million in Q2 2021. Revenue decreased to $0.9 billion from $1.2 billion in the same quarter last year. However, the company's backlog increased by 14% year-over-year to $8.5 billion, and operating cash flow was strong at $58.0 million for the quarter.
Tutor Perini Corporation reported a decrease in revenue for the fourth quarter of 2021, driven by reduced project execution activities in the Building segment. Net income attributable to the company also decreased compared to the same period in 2020. However, the Civil segment showed strong operating performance, with the highest annual operating margin since 2014.
Tutor Perini Corporation reported a strong third quarter with $2.1 billion in new awards, increasing the backlog to $8.4 billion. The company's diluted EPS was $0.30. Revenue decreased to $1.2 billion compared to $1.4 billion for the same quarter last year, primarily due to reduced project execution activities in the Building segment.
Tutor Perini Corporation reported a decrease in revenue but an increase in income from construction operations and net income. The company's EPS increased significantly compared to the same quarter last year. Backlog decreased due to revenue outpacing new awards, but the company anticipates backlog growth to resume later in the year.
Tutor Perini reported a 15% increase in revenue for the fourth quarter of 2020, reaching $1.3 billion. Net income attributable to the company was $35.5 million, or $0.69 per diluted share. The company's operating cash flow was $41.8 million for the quarter.
Tutor Perini reported a strong third quarter with revenue of $1.4 billion, up 21% year-over-year, and income from construction operations of $83.0 million, up 73% year-over-year. Diluted earnings per share were $0.72, nearly doubled year-over-year. The company is affirming its 2020 EPS guidance of $1.80 to $2.10.
Tutor Perini reported a strong second quarter with revenue up 13% year-over-year, driven by growth in the Civil segment. The company generated $92.2 million in operating cash flow, the highest second-quarter result since the merger in 2008. Diluted EPS was $0.37, a significant improvement year-over-year. The company affirms its 2020 EPS guidance of $1.80 to $2.10.
Tutor Perini Corporation reported fourth-quarter revenue of $1.2 billion, which is comparable to the same period last year. The company experienced a net loss of $86.1 million, or $1.71 loss per diluted share, due to an after-tax charge of $119.4 million related to an adverse jury verdict and underperformance in the Specialty Contractors segment. However, the company's backlog increased by 21% year-over-year to $11.2 billion, and operating cash generation was strong at $25.2 million for the quarter and $136.5 million for the year.