SEC Form 10-Q filed by Tutor Perini Corporation
$TPC
General Bldg Contractors - Nonresidential Bldgs
Consumer Discretionary
Unavailable
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/14/2024 | $14.00 → $27.00 | Neutral → Buy | UBS |
| 2/28/2022 | $19.00 → $17.00 | Buy | B. Riley Securities |
Funded By IIJA And Federal Grant; Work To Begin Late Summer 2024, Completion Anticipated In 2031; Tutor Perini's 30% Share Added To Q2 2024 Backlog
UBS upgraded Tutor Perini from Neutral to Buy and set a new price target of $27.00 from $14.00 previously
B. Riley Securities reiterated coverage of Tutor Perini with a rating of Buy and set a new price target of $17.00 from $19.00 previously
Strong year-to-date operating cash flow of $174.0 million through September 30, 2024 Expecting record full-year 2024 operating cash flow in the range of $425 million to $575 million Planning to utilize anticipated strong 2024 cash collections to prepay $100 million to $150 million of Term Loan B debt by December 31, 2024 ($50 million of which has already been prepaid in Q4 2024), with further prepayments of $50 million to $75 million expected in Q1 2025 Record backlog of $14.0 billion at the end of Q3 2024, up 35% compared to the end of Q2 2024 and substantially higher than the previous record of $11.6 billion set in Q1 2019, with the potential for significant further growth by year-
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, November 6, 2024, to discuss the Company's third quarter 2024 results. Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO; Gary Smalley, President; and Ryan Soroka, Senior Vice President and CFO. The Company plans to issue its earnings announcement the same day after the market close. To participate in the conference call, please dial 877-407-8293 five to ten minutes prior to the scheduled time. International callers should dial 1-201-689-8349. The conference
Strong operating cash flow of $53.1 million in Q2 2024 and $151.4 million in the first six months of 2024 Revenue of $1.1 billion in Q2 2024, up 10% compared to Q2 2023 Backlog of $10.4 billion at the end of Q2 2024, up modestly compared to the end of Q1 2024; anticipating continued strong backlog growth in 2024 and 2025 Affirming 2024 EPS guidance in range of $0.85 to $1.10 Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil, building and specialty construction company, reported results today for the second quarter of 2024. The Company generated $53.1 million of cash from operating activities in the second quarter of 2024 compared to $56.3 million for the same
4 - TUTOR PERINI CORP (0000077543) (Issuer)
4 - TUTOR PERINI CORP (0000077543) (Issuer)
4 - TUTOR PERINI CORP (0000077543) (Issuer)
Gary Smalley appointed as President and will succeed Ronald Tutor as Chief Executive Officer Ryan Soroka appointed as Senior Vice President and Chief Financial Officer Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil, building and specialty construction company, today announced that its Board of Directors (the "Board") has appointed Gary Smalley, the Company's current Executive Vice President and Chief Financial Officer, to the position of President, effective November 15, 2023. The Company plans for Mr. Smalley to succeed Ronald Tutor as Chief Executive Officer of the Company effective January 1, 2025, with Mr. Tutor transitioning to the role of Executive Chairma
8-K - TUTOR PERINI CORP (0000077543) (Filer)
10-Q - TUTOR PERINI CORP (0000077543) (Filer)
8-K - TUTOR PERINI CORP (0000077543) (Filer)
SC 13D/A - TUTOR PERINI CORP (0000077543) (Subject)
SC 13G/A - TUTOR PERINI CORP (0000077543) (Subject)
SC 13G/A - TUTOR PERINI CORP (0000077543) (Subject)
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that the Company has pre-paid an additional $100 million of its Term Loan B debt. Building on the paydown of $50 million of the Term Loan B debt that was disclosed in the Company's November 6, 2024 earnings release, Tutor Perini has now successfully deleveraged its balance sheet by $150 million in the last month, representing the upper end of its targeted debt reduction plan for the fourth quarter of 2024. As of November 20, 2024, the remaining principal balance of the Term Loan B, after these recent paydowns, was approximately $123 million. The Company recent
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that the Company, in a joint venture with O&G Industries, Inc. ("O&G"), has been awarded a contract valued at $1.18 billion by the Port Authority of New York and New Jersey for the AirTrain Newark Replacement Program - Guideway and Stations Project at Newark Liberty International Airport in New Jersey. The scope of work includes design and construction of a 2.5-mile elevated, automated people mover train system with three stations that will replace the existing AirTrain, which has been in operation since 1996. Tutor Perini is the managing partner in the joint
Strong year-to-date operating cash flow of $174.0 million through September 30, 2024 Expecting record full-year 2024 operating cash flow in the range of $425 million to $575 million Planning to utilize anticipated strong 2024 cash collections to prepay $100 million to $150 million of Term Loan B debt by December 31, 2024 ($50 million of which has already been prepaid in Q4 2024), with further prepayments of $50 million to $75 million expected in Q1 2025 Record backlog of $14.0 billion at the end of Q3 2024, up 35% compared to the end of Q2 2024 and substantially higher than the previous record of $11.6 billion set in Q1 2019, with the potential for significant further growth by year-