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 (NYSE: TPC) is a civil, building and specialty construction company whose news flow reflects activity across major infrastructure and building markets. Company press releases highlight contract awards, change orders, financial results and capital allocation decisions, giving investors and industry observers insight into its construction backlog and operating performance.
Recent announcements have described new and expanded projects such as a design change order for the City Center Guideway and Stations Project in Honolulu, a Central Utility Plant expansion for UC Davis Health in Sacramento, the Diego Rivera Performing Arts Center at City College of San Francisco, and multiple mechanical and electrical contracts in Florida and at the Port of Miami. Subsidiaries including Rudolph and Sletten, Perini Management Services, Inc., Nagelbush Mechanical and Fisk Electric Company feature prominently in these updates.
News about Tutor Perini also covers large military and defense-related contracts, such as a multiple-award task order contract with the U.S. Army Corps of Engineers Middle East District and a tool and die facility project for the Iowa Army Ammunition Plant. Financial news items include quarterly earnings releases, record operating cash flow and backlog figures, as well as the initiation of a quarterly dividend and authorization of a share repurchase program.
This page aggregates such releases and related coverage so readers can follow developments in Tutor Perini’s civil infrastructure, building and specialty contracting activities. By reviewing this news stream over time, users can see how new awards, project milestones and financial updates shape the company’s construction portfolio and strategic direction.
Tutor Perini (NYSE: TPC) will host a conference call on Wednesday, November 5, 2025 at 2:00 PM PT to discuss third quarter 2025 results. The company will issue its earnings release the same day after the market close.
Participants include Gary Smalley, CEO and President; Ryan Soroka, EVP and CFO; and Ronald Tutor, Executive Chairman. The live call is available by phone at 877-407-8293 (U.S.) or +1-201-689-8349 (international) and will be webcast on Tutor Perini's investor website at www.tutorperini.com. Investors should visit the website at least 15 minutes early to register and download any required software. A replay of the webcast will be available on the website shortly after the call.
Tutor Perini (NYSE: TPC) said its Florida subsidiary, Nagelbush Mechanical, secured multiple south Florida mechanical services contracts totaling $154.6 million.
The awards include work at Bentley Residences (62 stories, 213 units), 1428 Brickell Avenue (72 stories, 189 units), JEM Miami Worldcenter (61 stories; 530 rental apartments and 259 condos), and Namdar Tower 2 (42 stories, 712 rental units). These four contracts were added to backlog in Q3 2025.
Earlier, Nagelbush won the Olara project in West Palm Beach (26 stories; 287 condo units, 170 rental units, and 80,000 sq ft amenities), added to backlog in Q1 2025. Work is underway across the projects with substantial completion expected in Q2 2028.
Tutor Perini (NYSE: TPC) subsidiary Fisk Electric was awarded an approximately $43.4 million electrical contract for the Cruise Terminal G Complex at the Port of Miami.
Scope includes a new electrical vault, conduits for primary and emergency power, new main switchgear, automatic transfer switches, switchboards, and panelboards; 50 EV chargers in the Terminal G garage with infrastructure for up to 430 additional chargers; power to Terminal F chillers and fire pump; replacement of a 2000-KW generator; procurement/installation of three additional generators with emergency paralleling switchgear; and advanced lighting. Work has commenced and substantial completion is expected November 2027. The contract was added to backlog in Q3 2025.
Tutor Perini Corporation (NYSE: TPC) announced that its subsidiary, Five Star Electric, has secured an electrical subcontract from Skanska/Railroad SPGF JV for the Passaic Valley Sewerage Commission (PVSC) Standby Power Generator Facility project in Newark, New Jersey.
The project involves constructing an emergency backup power system featuring a 34-megawatt natural gas-fired power plant. Five Star Electric's scope includes power distribution, switchgear, grounding, communications, lighting, and control systems. The project commenced recently with completion expected in Q4 2027. The contract value, while undisclosed, has been added to TPC's Q3 2025 backlog.
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.