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.
Generated very strong operating cash flow of $329.6 million in Q4 2024.
Reduced total debt by $477 million, or 52%, from the end of 2023 through February 27, 2025.
Achieved a record backlog of $18.7 billion as of December 31, 2024, up 84% Y/Y.
Anticipates double-digit revenue growth and EPS range of $1.50 to $1.90 in 2025.
The Company anticipates double-digit revenue growth in 2025 and a return to solid earnings, with substantially higher earnings expected in 2026 and 2027. For 2025, the Company expects EPS of $1.50 to $1.90.
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