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Sep 30, 2020
Tutor Perini Q3 2020 Earnings Report
Reported strong results, driven by double-digit growth across all segments and increased activities on various large infrastructure projects.
Key Takeaways
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.
Revenue of $1.4 billion, up 21% Y/Y, the highest quarterly result in more than ten years.
Income from construction operations of $83.0 million, up 73% Y/Y, the highest Q3 result since the merger in 2008.
Diluted earnings per share (“EPS”) of $0.72, nearly doubled Y/Y.
Operating cash flow of $72.7 million.
Revenue by Segment
Forward Guidance
The Company is affirming its EPS guidance and still expects EPS to be in the range of $1.80 to $2.10.
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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