SEC Form SC 13G filed by Tutor Perini Corporation
$TPC
General Bldg Contractors - Nonresidential Bldgs
Consumer Discretionary
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/10/2024 | $38.00 | Buy | Vertical Research |
| 6/14/2024 | $14.00 → $27.00 | Neutral → Buy | UBS |
| 2/28/2022 | $19.00 → $17.00 | Buy | B. Riley Securities |
-- Ronald Tutor Will Serve as Executive Chairman of the Board through 2026 -- Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that Gary Smalley has become the Company's Chief Executive Officer and a member of its Board of Directors. Mr. Smalley, formerly President, succeeds Ronald N. Tutor who has transitioned to the role of Executive Chairman of Tutor Perini's Board of Directors after serving as Chairman and CEO since 2008. Prior to today's announcement, Mr. Smalley served as President of Tutor Perini since November 2023, when the Company announced its formal succession plan under which he would succeed
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
Revenue of $1.25 billion, up 19% Y/Y Income from construction operations of $65.3 million, up 34% Y/Y Diluted earnings per share ("EPS") of $0.53, up 77% Y/Y Record backlog of $19.4 billion at the end of Q1 2025, up 94% Y/Y and reflecting $2.0 billion of new awards and contract adjustments in Q1 2025 Operating cash flow of $22.9 million Reduced total debt by $128.5 million, or 24%, since year-end 2024 through the early payoff of the Term Loan B Company increases 2025 EPS guidance to $1.60 to $1.95 (from $1.50 to $1.90) Company continues to expect EPS for 2026 and 2027 to be more than double 2025 guidance Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil,
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Fisk Electric Company ("Fisk Electric"), has been awarded an electrical services contract for the new West Tower at Cook Children's Medical Center in Fort Worth, Texas. The contract value was not disclosed. Fisk Electric's scope of work includes assisting with the design of electrical systems and providing installation of those electrical systems for a new 763,000-square-foot (sf) hospital tower, a new expansion of the south utility plant (including new 10,000 kW generation capacity), a new 305,000-sf garage with data center, and a new 25,00
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Fisk Electric Company ("Fisk Electric"), has been awarded the second phase (valued at approximately $99 million) of a guaranteed maximum price contract currently valued at approximately $166 million for electrical services for the previously announced new Harris Health hospital project on the Lyndon B. Johnson Hospital campus in Houston, Texas. Fisk Electric's scope of work includes the core and shell and tenant finish-out electrical and fire alarm components for the ground-up construction of the new hospital tower and podium. Work on the fi
8-K - TUTOR PERINI CORP (0000077543) (Filer)
SCHEDULE 13G/A - TUTOR PERINI CORP (0000077543) (Subject)
10-Q - TUTOR PERINI CORP (0000077543) (Filer)
4 - TUTOR PERINI CORP (0000077543) (Issuer)
4 - TUTOR PERINI CORP (0000077543) (Issuer)
4 - TUTOR PERINI CORP (0000077543) (Issuer)
Vertical Research initiated coverage of Tutor Perini with a rating of Buy and set a new price target of $38.00
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
Revenue of $1.25 billion, up 19% Y/Y Income from construction operations of $65.3 million, up 34% Y/Y Diluted earnings per share ("EPS") of $0.53, up 77% Y/Y Record backlog of $19.4 billion at the end of Q1 2025, up 94% Y/Y and reflecting $2.0 billion of new awards and contract adjustments in Q1 2025 Operating cash flow of $22.9 million Reduced total debt by $128.5 million, or 24%, since year-end 2024 through the early payoff of the Term Loan B Company increases 2025 EPS guidance to $1.60 to $1.95 (from $1.50 to $1.90) Company continues to expect EPS for 2026 and 2027 to be more than double 2025 guidance Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil,
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, May 7, 2025, to discuss the Company's first quarter 2025 results. Participants on the call from Tutor Perini will be Gary Smalley, CEO and President; Ryan Soroka, Executive Vice President and CFO; and Ronald Tutor, Executive Chairman. 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. Th
Record operating cash flow of $503.5 million in 2024, up 63% Y/Y Successfully accelerated debt reduction, reducing total debt by $477 million, or 52%, from the end of 2023 through February 27, 2025, including the full payoff of the Term Loan B Record backlog of $18.7 billion as of December 31, 2024, up 84% Y/Y, driven by $12.8 billion of new awards and contract adjustments in 2024; New awards continue strong in early 2025 Revenue of $4.3 billion in 2024, up 12% Y/Y Company's considerable progress in resolving many of its largest legacy disputes generated significant operating cash flow in 2024; however, these resolutions also resulted in net charges that drove a diluted loss of
SC 13D/A - TUTOR PERINI CORP (0000077543) (Subject)
SC 13G/A - TUTOR PERINI CORP (0000077543) (Subject)
SC 13G/A - TUTOR PERINI CORP (0000077543) (Subject)