Tutor Perini Corporation reports recurring developments across civil, building and specialty construction. The company provides general contracting, design-build, pre-construction planning and project management services for private customers and public agencies, with work spanning transportation infrastructure, government facilities, water systems, buildings and public-private partnership projects.
Company updates commonly address operating results, segment revenue, backlog, project execution, new awards and change orders, including work tied to transit, federal facilities, energy resilience and utility infrastructure. News also includes capital-return actions such as quarterly cash dividends and share repurchase authorizations, along with earnings-call announcements and guidance commentary.
Tutor Perini (NYSE: TPC) declared a quarterly cash dividend payable on December 3, 2026, to common shareholders. The dividend is $0.09 per share, with eligibility based on holdings at the close of business on November 19, 2026.
Tutor Perini (NYSE: TPC) raised its full-year adjusted earnings guidance after reporting record revenue and operating cash flow for the third quarter. Revenue rose 22% year over year to $1.7 billion, while operating cash flow increased 14% to $330.9 million. Construction operating income rose 213% to $125.4 million. GAAP diluted earnings per share increased to $0.39 from $0.07; adjusted EPS rose to $1.83 from $1.15.
The company raised 2026 adjusted EPS guidance to $5.90–$6.10 from $5.15–$5.45 and anticipates revenue and adjusted EPS growth in 2027. Approximately $2.2 billion of new awards and contract adjustments brought backlog to $20.4 billion at September 30. Cash exceeded total debt by $707 million. Quarterly results included a $51.4 million debt-extinguishment loss and a $33.8 million non-cash pension settlement charge, both excluded from adjusted earnings.
Tutor Perini (NYSE: TPC) announced that subsidiary Perini Management Services won a U.S. Coast Guard contract valued at approximately $60 million.
The work covers south moorings and a station rebuild in St. Petersburg, Florida. Design began in late August 2026, with substantial completion anticipated in May 2028. The contract value will be included in third-quarter 2026 backlog.
Tutor Perini (TPC) announced that subsidiary Perini Management Services received an approximately $19 million contract to upgrade Army medical center infrastructure.
The U.S. Army Corps of Engineers, Huntsville Center, awarded the design-build project at Dwight D. Eisenhower Army Medical Center in Ft. Gordon, Georgia. Design is expected to begin in November 2026, with substantial completion anticipated in November 2028.
Tutor Perini (NYSE: TPC) will host a conference call on November 4, 2026, to discuss third-quarter 2026 results. The call begins at 2:00 PM Pacific Time, with CEO and President Gary Smalley and Executive Vice President and CFO Ryan Soroka participating. The company plans to release earnings after market close that day. A live webcast and subsequent replay will be available on its website.
Tutor Perini (TPC) announced that subsidiary Fisk Electric won an approximately $24 million electrical services contract for a Houston data center. Modular systems will be built at Fisk’s new 75,000-square-foot Houston facility. Electrical construction is expected to begin in the fourth quarter of 2026, with substantial completion anticipated in the first quarter of 2027. The contract value will enter third-quarter 2026 backlog.
Tutor Perini (TPC) announced that its subsidiary Perini Management Services received an approximately $315 million U.S. Coast Guard fuel-pier contract. The project at Base Kodiak in Alaska aims to provide up to two major cutter berths. Design began in late September, with substantial completion anticipated in September 2030. The contract value will be included in third-quarter 2026 backlog.
Tutor Perini (TPC) subsidiary Perini Management Services received an approximately $43 million U.S. Coast Guard contract on September 24, 2026.
The Astoria, Oregon, project will build a fixed pier, two floating docks and a cutter support facility for four Fast Response Cutters. Design is expected to begin in late September 2026, with substantial completion anticipated in May 2029. The contract value will be added to backlog in the third quarter of 2026.
Tutor Perini (TPC) announced that subsidiary Black Construction has been awarded a project worth approximately $45.2 million by the Guam Department of Public Works to reconstruct Laguas Bridge (Bridge No. 35) and Asan Culvert (Bridge No. 27) along Route 1 in Guam.
Work is expected to begin in the next few weeks, with substantial completion anticipated in early 2029. The contract value is expected to be added to Tutor Perini’s backlog in the third quarter of 2026.
Tutor Perini (NYSE:TPC) reported that subsidiary Perini Management Services was awarded an approximately $42 million contract by the U.S. Army Corps of Engineers to complete construction of multiple facilities at Tabuk Air Base in Saudi Arabia. Design is expected to start in September 2026, with substantial completion anticipated in September 2028, and the contract value will be added to the company’s backlog in the third quarter of 2026.