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.
Revenue increased by 22% year-over-year to $1.37 billion, with solid growth across all three segments.
Income from construction operations surged by 89% year-over-year to $76.4 million, reflecting strong operating performance.
Diluted EPS rose substantially to $0.38, while Adjusted EPS increased by 315% to $1.41.
The company achieved a record backlog of $21.1 billion, up 102% year-over-year, and generated record second-quarter operating cash flow of $262.4 million.
Tutor Perini increased its 2025 GAAP EPS guidance to $1.70-$2.00 and Adjusted EPS guidance to $3.65-$3.95, expecting significantly higher revenue and earnings in 2026 and 2027.
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