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Mar 31, 2025
Tutor Perini Q1 2025 Earnings Report
Reported Strong First Quarter 2025 Results and Raised 2025 EPS Guidance
Key Takeaways
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.
Revenue for Q1 2025 was $1.25 billion, an increase of 19% compared to Q1 2024.
Income from construction operations for Q1 2025 was $65.3 million, up 34% year-over-year.
Diluted EPS for Q1 2025 was $0.53, a 77% increase from $0.30 in Q1 2024.
Record backlog reached $19.4 billion at the end of Q1 2025, reflecting a 94% increase year-over-year.
Revenue by Segment
Forward Guidance
The company increased its 2025 diluted EPS guidance range and expects significantly higher EPS in 2026 and 2027.
Positive Outlook
- Raised 2025 diluted EPS guidance to $1.60 - $1.95 (from $1.50 - $1.90).
- Preliminary EPS estimates for 2026 and 2027 are more than double 2025 guidance.
- Strong demand for services driven by well-funded state, local, and federal infrastructure projects.
- Demand from commercial customers in healthcare, education, hospitality, and gaming.
- Expects continued strong operating cash flow for 2025.
Challenges Ahead
- Increased guidance includes significant contingency for unknown outcomes.
- Monitoring potential impacts from recently imposed tariffs.
- Monitoring potential impacts from the curtailment of federal funding programs.
- First-quarter operating cash flow is historically the lowest due to seasonality.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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