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 (TPC) is a leading construction services provider specializing in complex infrastructure and building projects. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Key resources include: Quarterly earnings reports, project award notices, regulatory filings, and leadership updates. Investors and industry professionals can monitor progress on major civil infrastructure initiatives, building segment contracts, and specialty construction milestones.
The curated news archive enables tracking of TPC's strategic positioning in markets including transportation, water infrastructure, and specialized facilities construction. Content is updated press releases and verified financial disclosures, maintaining compliance with SEC regulations.
Bookmark this page for direct access to TPC's corporate communications, including contract awards from government agencies and private sector partners. Regular updates provide insights into the company's project pipeline and operational health.
Tutor Perini Corporation (NYSE: TPC) reported a diluted EPS of $1.79 for 2021, aligning with guidance, despite a 23% decline in Q4 revenue to $1.0 billion and a 13% decrease for the full year to $4.6 billion. The Civil segment achieved a record operating margin of 12.7%, bolstered by large projects. A total backlog of $8.2 billion remained stable year-over-year. Expected challenges include a rise in the effective tax rate and the impacts of COVID-19 on bidding activities. Initial EPS guidance for 2022 is set between $1.15 and $1.60.
Tutor Perini Corporation (NYSE: TPC) announced a conference call to discuss its fourth quarter and full year 2021 results on February 24, 2022, at 2:00 PM PT. The call will feature Chairman and CEO Ronald Tutor and CFO Gary Smalley, with the earnings announcement to be released after market close on the same day. Interested participants can join the call by dialing 877-407-8293 for domestic or +1-201-689-8349 for international calls. The live webcast will be available on the company's website.
Tutor Perini Corporation (NYSE: TPC) announced the awarding of two significant contracts. The first, valued at $161,815,880, involves site development and construction at Tinian International Airport, set to mobilize in April 2022 and finish by October 2025. The second contract, worth $56,970,960, for the J-015 Enlisted Dining Facility at Camp Blaz Marine Corps Base Guam, is funded by the Government of Japan, with work starting immediately and completion expected by December 2023.
Tutor Perini Corporation (NYSE: TPC) has appointed Marcus Leavitt as Senior Vice President to lead strategic project pursuits, focusing on complex projects under alternative delivery models like Public-Private Partnerships. Leavitt will also establish a new Design-Build Engineering Management Group to enhance collaboration with clients and partners. Chairman Ronald Tutor expressed enthusiasm for Leavitt’s contributions, highlighting his previous successful collaborations. Tutor Perini is known for executing large projects on time and within budget since its inception in 1894.
Tutor Perini Corporation (NYSE: TPC) announced its third quarter 2021 results, reporting a revenue of $1.2 billion, down from $1.4 billion in Q3 2020. The decline is attributed to decreased project execution in the Building segment. Net income fell to $15.4 million ($0.30 per diluted share) from $36.8 million ($0.72 per diluted share) a year prior. The backlog increased to $8.4 billion, bolstered by $2.1 billion in new awards, including significant projects like the Cedars-Sinai Marina del Rey Replacement Hospital. The company adjusted its EPS guidance to $1.70 to $1.85 for the year.
Tutor Perini Corporation (NYSE: TPC) announced a conference call on November 3, 2021, at 2:00 PM Pacific Time, to discuss its third quarter 2021 results. The call will feature CEO Ronald Tutor and CFO Gary Smalley. Earnings will be released the same day after market close. Interested parties can participate by dialing 877-407-8293 or +1-201-689-8349 for international calls. The call will also be webcast on Tutor Perini's website. The company, established in 1894, is known for its large, complex construction projects.
Tutor Perini Corporation (NYSE: TPC) announced it has been awarded a $178 million contract by the U.S. Department of the Interior for the Friant-Kern Canal Middle Reach Capacity Correction Phase I project in California. This joint venture, with Brosamer & Wall, Inc., aims to restore water conveyance capacity significantly. Currently, the canal delivers water to 1 million acres of farmland and thousands of residents in San Joaquin Valley. Construction starts in November 2021, with anticipated completion in June 2024. This project supports the company's backlog.
Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Black Construction Corp., secured a fixed-price contract worth approximately $122 million from the Naval Facilities Engineering Systems Command, Pacific Division. The project involves constructing a machine gun range at Andersen Air Force Base in Guam, including facilities such as a control tower and utility work. The project is set to start immediately and is expected to be completed by October 2024. This contract will contribute to the Company’s backlog in the third quarter of 2021.
Tutor Perini Corporation (NYSE: TPC) has announced that its subsidiary, Rudolph and Sletten, has secured a contract to construct a new Cedars-Sinai Marina del Rey Hospital in Los Angeles County, California. The nine-story facility will span 230,000 square feet and feature advanced medical services, including expanded emergency care, private patient rooms, and specialized operating rooms. Construction is set to begin in October 2021 and is expected to be completed by 2026. This contract adds to the Company’s backlog for Q3 2021.
Tutor Perini Corporation (NYSE: TPC) announced its joint venture with Black Construction has secured a fixed-price contract worth approximately $98.3 million from the Naval Facilities Engineering Systems Command for constructing bachelor officer quarters at Marine Corps Base Camp Blaz, Guam. Funded by the Japanese government, the project involves building a multi-story housing tower and aims for substantial completion by May 2024. Engineering work is ongoing, with field activities expected to commence in November 2021 and will contribute to the company's third-quarter 2021 backlog.
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