Tutor Perini Stock Price, News & Analysis

Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Perini Management Services, has secured a $41.9 million contract from the National Park Service for utility systems repair at Glen Canyon National Recreation Area in Arizona.

The project involves comprehensive upgrades to wastewater infrastructure in the Wahweap and Lone Rock areas, including CIPP lining, septic system upgrades, manhole replacements, lift station improvements, and SCADA system modernization. The work will ensure compliance with Arizona and Utah environmental regulations.

Project execution begins immediately with completion expected in fall 2027.

Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Rudolph and Sletten, has secured a significant $960 million contract to construct the new UCSF Benioff Children's Hospital in Oakland, California.

The project encompasses building a 277,500 square-foot hospital featuring seven above-grade levels and one basement level, along with a separate parking garage with 269 spaces and a rooftop heliport deck. The scope includes demolition of existing structures and site preparation. Construction is scheduled to begin in September 2025 with completion expected in 2031.

Tutor Perini (NYSE: TPC) announced that its joint venture with Black Construction has secured a $181.8 million task order from the Naval Facilities Engineering Systems Command Pacific. The project involves constructing an enhanced integrated air and missile defense site in Guam, complete with power generation facilities.

The contract includes two additional scope options worth $12.1 million if exercised. The project, funded under the U.S. Defense Department's Pacific Deterrence Initiative, will feature standby power generation, switchgear building, fuel storage, fire pump building, water storage, and supporting infrastructure. Construction is scheduled to begin in Q1 2026, with the contract value being added to TPC's backlog in Q3 2025.

Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Lunda Construction Company, has secured a $19.7 million contract for the I-41 Bridges Project in Wisconsin. The project involves replacing eight deteriorating bridges and widening two existing structures along the I-41 corridor from Appleton to Green Bay.

The construction work will begin in September 2025 with expected completion in November 2027. The project includes the installation of over 125,000 feet of temporary concrete barrier wall to maintain safe traffic flow. The contract value will be added to Tutor Perini's backlog in Q3 2025.

Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Lunda Construction Company, has secured a $60.2 million contract for the Rothschild Dam Modernization Project in Wisconsin. The contract was awarded by Domtar Paper Company for construction manager/general contractor services.

The project involves replacing an existing timber dam with a modern concrete structure, including cofferdams, deep foundations, reinforced concrete placement, a new control building, and installation of a prefabricated bridge and dam gates. The total project cost is estimated at $84 million. Work commenced in July 2025 with completion expected in early 2029. The contract value has been added to TPC's second quarter 2025 backlog.

Tutor Perini (NYSE:TPC) reported exceptional Q2 2025 results with significant growth across all metrics. Revenue increased 22% year-over-year to $1.37 billion, while income from construction operations surged 89% to $76.4 million. The company achieved record Q2 operating cash flow of $262.4 million and set a new backlog record of $21.1 billion, up 102% year-over-year.

The company raised its 2025 guidance, now expecting GAAP EPS of $1.70-$2.00 (up from $1.60-$1.95) and Adjusted EPS of $3.65-$3.95 (up from $2.45-$2.80). Both GAAP and Adjusted EPS for 2026 and 2027 are expected to exceed the upper end of 2025 guidance. Notable Q2 awards included the $1.87 billion Midtown Bus Terminal Replacement project in New York and a $538 million healthcare project in California.

Tutor Perini (NYSE: TPC), a leading civil, building and specialty construction company, will host a conference call to discuss its second quarter 2025 results on Wednesday, August 6, 2025, at 2:00 PM Pacific Time.

Key executives participating in the call include CEO and President Gary Smalley, CFO Ryan Soroka, and Executive Chairman Ronald Tutor. The earnings announcement will be released after market close on the same day.

Investors can join via phone (877-407-8293 for domestic, +1-201-689-8349 for international) or access the live webcast through the company's website at www.tutorperini.com.

Tutor Perini Corporation (NYSE: TPC) has announced that its subsidiary, Perini Management Services, is executing two new government contracts with a combined value of $48.9 million.

The first project, valued at $28.4 million, involves barrier system repairs at RAF Lakenheath in the UK for the US Air Force, including security fencing, gates, and surveillance infrastructure, with completion expected in fall 2026. The second project, worth $20.5 million, is a design-build contract for the US Coast Guard in Puerto Rico, focusing on infrastructure improvements at Rio Bayamon Housing, with completion scheduled for spring 2027.

Tutor Perini Corporation (NYSE: TPC) has secured a significant $220 million contract through its subsidiary, Tutor Perini Building Corp., for the Eagle Mountain Casino Phase 2 Expansion project in Porterville, California. The contract was awarded by the Tule River Gaming Authority.

The expansion project encompasses the construction of a 193-room tower featuring a rooftop restaurant, central warehouse and offices, and a 2,000-seat events center with convention space. Additional amenities include breakout meeting rooms, pre-function space, a spa, arcade, and resort pool, along with the expansion of an existing restaurant.

Construction is scheduled to begin in summer 2025, with substantial completion expected in 2027. The contract value will be added incrementally to the company's backlog, starting with the preconstruction phase booked in Q2 2025, with subsequent construction phases to be awarded later in the year.