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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) announced that subsidiary Perini Management Services received a $61.6 million U.S. Coast Guard contract to design and build a new Child Development Center at USCG Base Kodiak, Alaska.
The 34,000-square-foot facility will serve 232 children, with work starting May 2026 and substantial completion expected January 2029. The contract value will be added to backlog in Q2 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Rudolph and Sletten was awarded a Sutter Health contract for the Advanced Orthopedics & Sports Medicine Care Complex in Sacramento. The existing 660 J Street office will be converted into a ~120,000 sq. ft. ambulatory surgical and medical office facility.
The project includes structural seismic upgrades, new MEP systems, five operating rooms, imaging, labs, clinics and research spaces. Pre-construction began in spring 2025, construction is underway, and substantial completion is anticipated in fall 2027. The undisclosed contract value was included in first-quarter 2026 backlog.
Tutor Perini (NYSE:TPC) declared a quarterly cash dividend of $0.06 per share, payable June 4, 2026, to shareholders of record at the close of business on May 21, 2026.
The dividend is for common stock and was approved by the company's Board of Directors.
Tutor Perini (NYSE:TPC) reported Q1 2026 revenue of $1.4 billion, up 11% year‑over‑year, and record operating cash flow of $146.9 million. Adjusted EPS was $1.03 and the company affirmed 2026 adjusted EPS guidance of $4.90–$5.30. Backlog stood at $19.8 billion as of March 31, 2026.
The results reflect higher production on newer, higher‑margin projects, a strong net‑cash position, and ongoing share repurchases under a $200 million program.
Tutor Perini (NYSE: TPC) will host a conference call at 2:00 PM PT on Wednesday, May 6, 2026 to discuss first quarter 2026 results, with an earnings announcement to follow after market close. Participants include CEO Gary Smalley, CFO Ryan Soroka, and Executive Chairman Ronald Tutor.
The call will be available via live webcast on Tutor Perini's website and replayed afterward; dial-in instructions and international numbers are provided for participants.
Tutor Perini (NYSE: TPC) subsidiary Perini Management Services secured a U.S. Army Corps of Engineers Louisville District MATOC under the Energy Resilience and Conservation Investment Program with a shared capacity of $2 billion over 10 years (3-year base, seven one-year options).
The contract lets PMSI compete for nationwide ERCIP task orders covering design-build and design-bid-build electrical and water infrastructure at U.S. military facilities, including solar, cogeneration, microgrids, water purification, and smart water grids.
Tutor Perini (NYSE:TPC) declared a quarterly cash dividend of $0.06 per share. The dividend is payable on March 26, 2026 to shareholders of record at the close of business on March 10, 2026.
This action provides a scheduled cash return to common shareholders for the quarter.
Tutor Perini (NYSE: TPC) reported record 2025 results: $748.1M operating cash flow (up 49% Y/Y) and record $5.5B revenue (up 28% Y/Y). Net income was $80.4M (EPS $1.51) and adjusted EPS was $4.29. Backlog reached $20.6B (+10%). Total debt fell 24% to $407M. The company provided 2026 guidance targeting double-digit revenue growth and adjusted EPS $4.90–$5.30.
Management highlighted stronger project execution, $7.4B of 2025 awards, ongoing bidding opportunities, a $200M buyback authorization and a $0.06 quarterly dividend.
Tutor Perini (NYSE: TPC) will hold a conference call at 2:00 PM Pacific Time on Thursday, February 26, 2026 to discuss fourth quarter and full year 2025 results.
Company executives Gary Smalley (CEO), Ryan Soroka (CFO) and Ronald Tutor (Executive Chairman) will participate. The earnings release is planned for the same day after market close. The call will be webcast live on the company website, with replay available shortly after the call.
Tutor Perini (NYSE:TPC) was awarded a design change order valued at approximately $53 million for the City Center Guideway and Stations Project in Honolulu, HI.
The change order covers design of a rail extension that would lengthen the current terminus to connect Kaka’ako to Ala Moana and adds two stations along the alignment. The company said its total contract value could increase substantially if the Honolulu Authority for Rapid Transportation secures additional funding and elects to extend construction toward Ala Moana.