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Sep 30, 2021
Tutor Perini Q3 2021 Earnings Report
Reported strong new awards volume and increased backlog, with diluted earnings per share reported.
Key Takeaways
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.
Strong $2.1 billion volume of new awards.
Backlog increased to $8.4 billion.
Diluted earnings per share (EPS) of $0.30.
Adjusting 2021 EPS guidance to $1.70 to $1.85.
Revenue by Segment
Forward Guidance
The Company is adjusting its EPS guidance to the range of $1.70 to $1.85 based on year-to-date results in 2021 and the current outlook for the remainder of the year.
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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