Inferra AI / Company / TPC
Tutor Perini Corp
TPC · Industrials
Last earnings Aug 5, 2026
Key results
Revenuequarter
$1.37 billion
Revenue for the second quarter of 2025 was $1.37 billion, up 22% compared to $1.13 billion for the same period in 2024.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Growthquarter
up 22%
Revenue for the second quarter of 2025 was $1.37 billion, up 22% compared to $1.13 billion for the same period in 2024.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Civil and Building segment revenues for the second quarter of 2025 were up 34% and 11%, respectively, compared to the same quarter last year.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Net incomequarter
$20.0 million
Net income attributable to the Company for the second quarter of 2025 was $20.0 million, or EPS of $0.38, up substantially compared to $0.8 million, or EPS of $0.02, for the second quarter of 2024.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
EPSquarter
$0.38
Net income attributable to the Company for the second quarter of 2025 was $20.0 million, or EPS of $0.38, up substantially compared to $0.8 million, or EPS of $0.02, for the second quarter of 2024.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted net income attributable to the Company, which excludes the impact of share-based compensation expense, net of associated tax benefit, for the second quarter of 2025 was $75.1 million, or $1.41 of Adjusted EPS, compared to $17.5 million, or $0.34 of Adjusted EPS, for the second quarter of 2024.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $1.37 billion | — | $1.13 billion |
| Growth | up 22% | — | — |
| Net income | $20.0 million | — | — |
| EPS | $0.38 | — | — |
Guidance · company-stated
Direction: Raised
“Based on the Company's outstanding year-to-date results in 2025 and management's increased confidence in its performance trajectory for the remainder of the year, the Company is now providing 2025 GAAP EPS guidance in the range of $1.70 to $2.00, up from $1.60 to $1.95, with corresponding 2025 Adjusted EPS expected in the range of $3.65 to $3.95, a significant increase compared to what would have been the prior Adjusted EPS guidance range of $2.45 to $2.80 had the Company provided Adjusted EPS guidance previously.”
“Our earnings to date are considerably higher than expected, raising our confidence in Tutor Perini's outlook, as demonstrated by a second consecutive quarter of increased earnings guidance.”
“The Company's increased guidance continues to factor in a significant amount of contingency for various unknown or unexpected outcomes and developments in 2025.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Total debt as of June 30, 2025 was $419 million, down 21% compared to $534 million at the end of 2024.
As a result of the very strong cash collections in the second quarter of 2025, the Company's cash exceeded its total debt by $107 million as of June 30, 2025, and it was the first time since 2010 that cash was greater than total debt.
Event summary
Tutor Perini Corp Q2 2025 — Revenue for the second quarter of 2025 was $1.37 billion, up 22% compared to $1.13 billion for the same period in 2024.
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
EPS: “Based on the Company's outstanding year-to-date results in 2025 and management's increased confidence in its performance trajectory for the remainder of the year, the Company is now providing 2025 GAAP EPS guidance in the range of $1.70 to $2.00, up from $1.60 to $1.95, with corresponding 2025 Adjusted EPS expected in the range of $3.65 to $3.95, a significant increase compared to what would have been the prior Adjusted EPS guidance range of $2.45 to $2.80 had the Company provided Adjusted EPS guidance previously.”
Company outlook — Raised (“raising”)
“Our earnings to date are considerably higher than expected, raising our confidence in Tutor Perini's outlook, as demonstrated by a second consecutive quarter of increased earnings guidance.”
EPS — Raised (“increased”)
“Based on the Company's outstanding year-to-date results in 2025 and management's increased confidence in its performance trajectory for the remainder of the year, the Company is now providing 2025 GAAP EPS guidance in the range of $1.70 to $2.00, up from $1.60 to $1.95, with corresponding 2025 Adjusted EPS expected in the range of $3.65 to $3.95, a significant increase compared to what would have been the prior Adjusted EPS guidance range of $2.45 to $2.80 had the Company provided Adjusted EPS guidance previously.”
Company outlook — Raised (“increased”)
“The Company's increased guidance continues to factor in a significant amount of contingency for various unknown or unexpected outcomes and developments in 2025.”
EPS — Raised (“increased”)
“Based on its current projections, the Company expects that both GAAP EPS and Adjusted EPS for 2026 and 2027 will be higher than the upper end of its increased 2025 guidance.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Total debt as of June 30, 2025 was $419 million, down 21% compared to $534 million at the end of 2024.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
As a result of the very strong cash collections in the second quarter of 2025, the Company's cash exceeded its total debt by $107 million as of June 30, 2025, and it was the first time since 2010 that cash was greater than total debt.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
2026 Senior Notes On July 2, 2026, the Company issued $ 400.0 million in aggregate principal amount of 6.625 % Senior Notes due July 15, 2033 (the 2026 Senior Notes ) in a private placement offering.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
Upon a change of control, holders of the 2026 Senior Notes may require the Company to repurchase all or part of the 2026 Senior Notes at 101 % of the principal amount thereof, plus accrued and unpaid interest to the repurchase date.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
2024 Senior Notes On April 22, 2024, the Company issued $ 400.0 million in aggregate principal amount of 11.875 % Senior Notes due April 30, 2029 (the 2024 Senior Notes ) in a private placement offering.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
If the Company experiences certain change of control events, holders of the 2024 Senior Notes may require the Company to repurchase all or part of the 2024 Senior Notes at 101 % of the principal amount thereof, plus accrued and unpaid interest to the redemption date.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
Strategy & priorities
Record Backlog The Company booked $3.1 billion of new awards and contract adjustments in the second quarter of 2025, reflecting its continued success in capturing significant new project opportunities resulting from a combination of its strategic bidding approach and favorable market dynamics, including limited competition in select markets for some of the larger projects.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
The Company continues to see strong demand for its services, driven by well-funded state, local and federal customers that have numerous large-scale, high-priority infrastructure projects planned over the next several years, as well as by certain commercial customers that continue to advance projects for new or renovated buildings in end markets such as healthcare, education, and hospitality and gaming.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
This approach allows stakeholders to focus on our core operational efficiency and profitability without the variable impact to earnings caused by significant changes in our stock price.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Forward-Looking Statements The statements contained in this release, including those set forth in the section Outlook and Guidance, that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation, statements regarding the Company s expectations, hopes, beliefs, intentions or strategies regarding the future and statements regarding future guidance or estimates and non-historical performance.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Risks & headwinds
Tutor Perini still does not currently anticipate any significant impact from recently imposed tariffs or the curtailment of federal funding programs but continues to closely monitor these issues.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
These risks and uncertainties include, but are not limited to unfavorable outcomes of existing or future litigation or dispute resolution proceedings against us or customers (project owners, developers, general contractors, etc.
SEC original ↗Tutor Perini Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Legal Proceedings 47 Item 1A.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
(3) Revenue Disaggregation of Revenue The following tables disaggregate revenue by segment, end market, customer type and contract type, which the Company believes best depict how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors for the three and six months ended June 30, 2026 and 2025.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
The Company routinely estimates recovery related to claims and unapproved change orders as a form of variable consideration at the most likely amount it expects to receive and to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved.
SEC original ↗Tutor Perini Corp — 10-Q Quarterly report10-QAug 5, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
35 documents- Q3 2026
- 8-KTPC
Oct 13, 2026
- Q2 2026
- 8-KTPC
Aug 14, 2026
- 8-KTPC
Aug 5, 2026
- 10-QTPC
Aug 5, 2026
- 8-KTPC
Jul 6, 2026
- Q1 2026
- 8-KTPC
Jun 22, 2026
- 8-KTPC
May 26, 2026
- 8-KTPC
May 6, 2026
- 10-QTPC
May 6, 2026
- Q4 2025
- 8-KTPC
Feb 26, 2026
- 10-KTPC
Feb 26, 2026
- Q3 2025
- 8-KTPC
Nov 18, 2025
- EX-99TPC
Nov 18, 2025
- 8-KTPC
Nov 5, 2025
- 10-QTPC
Nov 5, 2025
- Q2 2025
- 8-KTPC
Aug 6, 2025
- 10-QTPC
Aug 6, 2025
- Q1 2025
- 8-KTPC
Jun 20, 2025
- 8-KTPC
May 16, 2025
- 8-KTPC
May 7, 2025
- 10-QTPC
May 7, 2025
- 8-KTPC
Apr 4, 2025
- Q4 2024
- 8-KTPC
Feb 27, 2025
- 10-KTPC
Feb 27, 2025
- 8-KTPC
Jan 21, 2025
- EX-99TPC
Jan 21, 2025
- 8-KTPC
Jan 2, 2025
- EX-99TPC
Jan 2, 2025
- Q3 2024
- 8-KTPC
Nov 20, 2024
- EX-99TPC
Nov 20, 2024
- 8-KTPC
Nov 6, 2024
- 10-QTPC
Nov 6, 2024
- 8-KTPC
Oct 21, 2024
- EX-99TPC
Oct 21, 2024
- Q2 2024
- 10-QTPC
Aug 1, 2024
Earnings releases
9 documentsPresentations
0 documentsNo presentations for Tutor Perini Corp are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Tutor Perini Corp are held in this edition of the library.
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