Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities. This segment also provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers services in various specialized building markets, including hospitality and gaming, transportation, health care, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, and industrial and high-tech. The Specialty Contractors segment provides electrical, mechanical, plumbing, fire protection systems, and pneumatically placed concrete services, as well as heating, ventilation, and air conditioning services (HVAC) for the industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers general contracting, pre-construction planning, and project management services, including planning and scheduling of manpower, equipment, materials, and subcontractors; and self-performed construction services comprising site work, concrete forming and placement, steel erection, electrical, plumbing, HVAC, and mechanical. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.
IPO Year: 1970
Exchange: NYSE
Website: tutorperini.com
| 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 |
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Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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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
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Company anticipates significant additional funding as future construction work for the extension is awarded Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that it has been awarded a change order valued at approximately $53 million for the City Center Guideway and Stations Project in Honolulu, HI. This change order is significant because it enables Tutor Perini to design the segment of the rail that will extend the current terminus and connect Kaka'ako to Ala Moana, including the addition of two stations along the alignment. Should the Honolulu Authority for Rapid Transportation secure additional funding an
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Rudolph and Sletten, has been awarded a contract by UC Davis Health for the Central Utility Plant (CUP) Expansion at its healthcare campus in Sacramento, California. The project scope of work includes construction of a new two-story, 32,000-square-foot CUP Annex Building, which will include plant operations and hospital operators support space and expansion of normal and emergency power services, including three 3MW generators. The project will also renovate the existing Campus Central Plant, including upgrades of existing chilled and hot wa
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Rudolph and Sletten, has been awarded a contract valued at approximately $155 million for construction of the new Diego Rivera Performing Arts Center on the campus of City College of San Francisco. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251217498011/en/Rendering of the Diego Rivera Performing Arts Center (source: TEF Design) The project scope of work includes construction of an approximately 78,000 square-foot theatrical and music arts building. The facility will include a
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a construction multiple-award task order contract ("MATOC") by the U.S. Army Corps of Engineers, Middle East District. The contract provides a shared capacity of $900 million over seven years (a two-year base period and five one-year options periods) for design-bid-build services in Israel, primarily for the Israeli Ministry of Defense, as well as for other customers with requirements in Israel. PMSI will compete for task orders under this MATOC, and the scope of services may include
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a contract valued at approximately $35.8 million by the U.S. Army Corps of Engineers, Omaha District, for the construction of a new Tool and Die Facility at the Iowa Army Ammunition Plant in Middletown, IA. The new Tool and Die facility will include approximately 56,000 square feet of industrial space. The project includes site development, utilities, and infrastructure; structural steel and concrete systems; architectural finishes; heating, ventilation and air conditioning (HVAC), p
Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil, building and specialty construction company, announced today that, in light of the Company's strong third quarter and year-to-date 2025 results, which included record year-to-date operating cash flow of $574.4 million, of which $289.1 million was in the third quarter alone, and record backlog of $21.6 billion, the Company's Board of Directors has declared a quarterly cash dividend of $0.06 per share and authorized a share repurchase program totaling $200 million. Gary Smalley, Chief Executive Officer and President, said, "Our business is performing exceptionally well this year, and we recently increased our 2025 earning
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 5, 2025, to discuss the Company's third 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 +1-201-689-83
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its Florida subsidiary, Nagelbush Mechanical ("Nagelbush"), has been awarded several new mechanical services projects in south Florida collectively valued at $154.6 million. The four most recent projects include the installation of new mechanical and/or plumbing systems at the Bentley Residences, a 62-story 213-unit luxury condominium development in Sunny Isles, Florida; the residences at 1428 Brickell Avenue, a 72-story 189-unit luxury condominium development in Miami; JEM Miami Worldcenter, a 61-story development that will feature 530 rental apartments an
Tutor Perini Corporation (NYSE:TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Fisk Electric Company, has been awarded an electrical services contract for the Cruise Terminal G Complex at the Port of Miami. The contract value is approximately $43.4 million. The project scope of work includes a new electrical vault to support electrical distribution switchboards for Terminal G, installation of new conduits to ensure primary and emergency power supply, as well as new main switchgear, automatic transfer switches, switchboards, and panelboards. Additionally, the Terminal G parking garage will incorporate 50 electric vehi
Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Five Star Electric, has been awarded an electrical subcontract by Skanska/Railroad SPGF JV for the Passaic Valley Sewerage Commission ("PVSC") Standby Power Generator Facility. This project is a resiliency initiative by PVSC to construct an on-site emergency backup power system at its wastewater treatment plant in Newark, New Jersey. The facility features a natural gas-fired power plant designed to generate 34 megawatts of electricity, sufficient to power the treatment plant during grid failures. It includes three 28-megawatt combustion tur
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Live Leadership Updates
-- 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
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Live finance-specific insights
Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil, building and specialty construction company, announced today that, in light of the Company's strong third quarter and year-to-date 2025 results, which included record year-to-date operating cash flow of $574.4 million, of which $289.1 million was in the third quarter alone, and record backlog of $21.6 billion, the Company's Board of Directors has declared a quarterly cash dividend of $0.06 per share and authorized a share repurchase program totaling $200 million. Gary Smalley, Chief Executive Officer and President, said, "Our business is performing exceptionally well this year, and we recently increased our 2025 earning
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 5, 2025, to discuss the Company's third 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 +1-201-689-83
Revenue of $1.37 billion, up 22% Y/Y Income from construction operations of $76.4 million, up 89% Y/Y, reflecting strong operating performance and contributions from higher-margin projects Diluted earnings per share ("EPS") of $0.38, up substantially compared to $0.02 in Q2 2024 Adjusted EPS of $1.41, up 315% compared to $0.34 in Q2 2024 Record second-quarter operating cash flow of $262.4 million for Q2 2025 and record $285.3 million operating cash flow for the first six months of 2025 Record backlog of $21.1 billion at the end of Q2 2025, up 102% Y/Y and reflecting $3.1 billion of new awards and contract adjustments in Q2 2025 Company increases 2025 EPS guidance: 2025 GA
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, August 6, 2025, to discuss the Company's second 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 +1-201-689-834
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
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 Thursday, February 27, 2025, to discuss the Company's fourth quarter and full year 2024 results. Speakers 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 +1-2
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