Welcome to our dedicated page for Tutor Perini news (Ticker: TPC), a resource for investors and traders seeking the latest updates and insights on Tutor Perini stock.
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) 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.
Tutor Perini (NYSE: TPC) reported record Q2 2026 revenue of $1.6 billion, up 19% year over year, and record income from construction operations of $117.7 million, up 54%. Diluted EPS rose to $1.23 from $0.38, while Adjusted EPS increased 23% to $1.74.
First-half 2026 operating cash flow reached a record $334.1 million, up 17% Y/Y. Backlog was a near-record $19.9 billion, supported by about $1.7 billion of new awards. Cash exceeded total debt of $396 million by $542 million. The company refinanced debt, expects about $21 million lower annual interest on senior notes, and continued buybacks with $10 million of Q2 repurchases. 2026 Adjusted EPS guidance was raised to $5.15–$5.45, and the quarterly dividend was increased 50% to $0.09 per share.
Tutor Perini (NYSE:TPC) announced that subsidiary Lunda Construction was awarded a contract of approximately $54.7 million for new bridges and related work on the I-41/WIS 441 System Interchange in Outagamie County, Wisconsin. The contract, to be added to backlog in Q3 2026, runs through 2029.
Tutor Perini (NYSE:TPC) announced that subsidiary Perini Management Services was awarded a National Park Service contract worth approximately $69.5 million to rehabilitate water and wastewater treatment systems at Death Valley National Park’s Furnace Creek and Cow Creek areas. The project includes major sewer and water system replacements, new potable water wells, and reconstruction of treatment and control buildings, with work expected to start in fall 2026 and substantial completion in early 2029. The contract value will be added to Tutor Perini’s backlog in the third quarter of 2026.
Tutor Perini (NYSE:TPC) announced it will host a conference call at 2:00 PM Pacific Time on Wednesday, August 5, 2026, to discuss its second quarter 2026 results. CEO and President Gary Smalley and EVP/CFO Ryan Soroka will participate, with earnings to be released after market close the same day. Investors can join via phone or a live webcast on the company’s website, with a replay available shortly after the call.
Tutor Perini (NYSE:TPC)/b) announced that subsidiary has been awarded an electrical services contract for the new Children’s Health and UT Southwestern Medical Center pediatric campus in Dallas, Texas, with an approximate contract value of $143 million.
Fisk will install electrical systems and components for part of a new 4.9 million-square-foot facility, including two new 12-story towers and one 8-story tower with 552 inpatient rooms spanning multiple pediatric specialties, plus helicopter pads and amenity spaces. Electrical work has recently started, with substantial completion anticipated in fall 2030. The $143 million will be added to Tutor Perini’s backlog for the second quarter of 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Fisk Electric has been awarded an electrical contract of approximately $29.5 million for a new 250,000-square-foot, six-story commercial office building in Palm Beach, Florida, including a four-level parking structure.
The scope covers electrical systems, about 150 EV charging stations, and a rooftop solar photovoltaic system. Electrical work has recently begun, substantial completion is anticipated in 2029, and the contract value will be added to Tutor Perini’s second-quarter 2026 backlog.
Tutor Perini (NYSE:TPC) announced that subsidiary Fisk Electric was awarded an electrical renovation contract of approximately $26.9 million for a confidential customer’s healthcare facility in Houston, Texas. The project upgrades normal, life safety and emergency power systems in an active hospital setting.
Work includes replacing 5kV switchgear in basement and penthouse areas, installing new 480-volt and 208-volt switchboards, and adding a bus riser system for levels 7 through the penthouse. Construction is underway, substantial completion is expected by April 2027, and the contract value will be added to Tutor Perini’s Q2 2026 backlog.
S&P Dow Jones Indices announced changes to the S&P MidCap 400 and S&P SmallCap 600 effective before trading on July 24 and July 27, 2026. On July 24, Krystal Biotech (KRYS) will move from the S&P SmallCap 600 to join the S&P MidCap 400, replacing Taylor Morrison Home (TMHC). Tutor Perini (TPC) will be added to the S&P SmallCap 600, replacing Krystal Biotech.
According to S&P Dow Jones Indices, Berkshire Hathaway (BRK.A/BRK.B) is acquiring Taylor Morrison Home, with closing expected on or about July 24, pending final conditions. On July 27, V2X (VVX) will join the S&P SmallCap 600, replacing Avanos Medical (AVNS), which is being acquired by American Industrial Partners, also pending final closing conditions.
Tutor Perini (NYSE: TPC) announced that subsidiary Tutor Perini Building Corp. has been selected by the Choctaw Nation of Oklahoma for a $140 million renovation and expansion of the Choctaw Casino & Resort – Pocola in Pocola, Oklahoma.
The project includes interior and exterior renovations of the existing hotel and casino, covering all food and gaming venues, and construction of a new adjacent seven-story, 130-room hotel tower with a spa, fitness center, and pool complex. TPBC has been involved in preconstruction since 2025, with construction expected to begin in the third quarter of 2026. According to Tutor Perini, the contract value will be added to its backlog incrementally as design milestones are achieved and subsequent construction phases are awarded.