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 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.
Tutor Perini (NYSE: TPC) announced that its subsidiary Lunda Construction has been identified by the Minnesota Department of Transportation as the apparent low bidder for Highway 243 Project SP 1311-06, with a bid of $28,551,380, spanning Chisago (MN) and Polk (WI) Counties.
The scope includes grading, bituminous pavement, reinforced soil slopes, ADA improvements and a new bridge. Work is expected to start in fall 2026 and reach substantial completion in fall 2028. The contract value is expected to be added to Tutor Perini’s backlog in the third quarter of 2026.
Tutor Perini (NYSE: TPC) announced that subsidiary Lunda Construction was awarded a $33.45 million contract by the Minnesota Department of Transportation for Project SP 2758-75 on Highway 77 in Hennepin and Dakota Counties. Work includes grading, concrete and bituminous surfacing, cable guardrail, lighting, and rehabilitation of 10 bridges. Construction is expected to start in fall 2026, with substantial completion in fall 2028, and the contract value will be added to Tutor Perini’s third-quarter 2026 backlog.
Tutor Perini (NYSE:TPC)/b) announced that subsidiary was awarded the Roberts Street Railroad Bridge Replacement Project over the Mississippi River in St. Paul, Minnesota.
The project will replace a 113-year-old 189-foot vertical lift truss bridge with a new 215-foot rolling bascule truss span and includes six new steel approach bridges, pier rehabilitation, new protection walls, a 38-foot crash bumper, and a concrete support platform.
Construction is expected to start in July 2026, with substantial completion anticipated in December 2029. The undisclosed contract value will be added to Tutor Perini’s backlog in the second quarter of 2026.
Tutor Perini (NYSE:TPC) redeemed $400 million of 11.875% Senior Notes due 2029, funded by its 6.625% Senior Notes due 2033 and cash on hand. The company also amended and restated its credit agreement, extending and enlarging its revolving credit facility and improving pricing and covenants.
The Revolving Credit Facility maturity moved to July 2, 2031, commitments increased from $170 million to $350 million, and interest rate margins and leverage covenants were revised.
Tutor Perini (NYSE:TPC) priced a private offering of $400 million aggregate principal amount of 6.625% senior unsecured notes due 2033, expected to close around July 2, 2026, subject to customary conditions.
The notes will be guaranteed by certain domestic subsidiaries. Tutor Perini intends to use the net proceeds, together with cash on hand, to redeem $400 million of its 11.875% senior notes due April 30, 2029 and pay related premiums, accrued interest, fees and expenses. The offering is limited to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S.
Tutor Perini (NYSE:TPC) plans a private offering of $400 million senior unsecured notes due 2033, guaranteed by certain wholly owned domestic subsidiaries.
According to Tutor Perini, net proceeds plus cash on hand will redeem $400 million 11.875% senior notes due April 30, 2029 and cover related costs.