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 updates cover 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) 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.
Tutor Perini (NYSE: TPC), a leading civil, building and specialty construction company, will host a conference call to discuss its second quarter 2025 results on Wednesday, August 6, 2025, at 2:00 PM Pacific Time.
Key executives participating in the call include CEO and President Gary Smalley, CFO Ryan Soroka, and Executive Chairman Ronald Tutor. The earnings announcement will be released after market close on the same day.
Investors can join via phone (877-407-8293 for domestic, +1-201-689-8349 for international) or access the live webcast through the company's website at www.tutorperini.com.
Tutor Perini Corporation (NYSE: TPC) has announced that its subsidiary, Perini Management Services, is executing two new government contracts with a combined value of $48.9 million.
The first project, valued at $28.4 million, involves barrier system repairs at RAF Lakenheath in the UK for the US Air Force, including security fencing, gates, and surveillance infrastructure, with completion expected in fall 2026. The second project, worth $20.5 million, is a design-build contract for the US Coast Guard in Puerto Rico, focusing on infrastructure improvements at Rio Bayamon Housing, with completion scheduled for spring 2027.
Tutor Perini Corporation (NYSE: TPC) has secured a significant $220 million contract through its subsidiary, Tutor Perini Building Corp., for the Eagle Mountain Casino Phase 2 Expansion project in Porterville, California. The contract was awarded by the Tule River Gaming Authority.
The expansion project encompasses the construction of a 193-room tower featuring a rooftop restaurant, central warehouse and offices, and a 2,000-seat events center with convention space. Additional amenities include breakout meeting rooms, pre-function space, a spa, arcade, and resort pool, along with the expansion of an existing restaurant.
Construction is scheduled to begin in summer 2025, with substantial completion expected in 2027. The contract value will be added incrementally to the company's backlog, starting with the preconstruction phase booked in Q2 2025, with subsequent construction phases to be awarded later in the year.
Tutor Perini Corporation (NYSE: TPC) has been selected for a $1.871 billion contract by the Port Authority of New York and New Jersey to construct key components of the Midtown Bus Terminal Redevelopment Program in New York City.
The project scope includes building a modern seven-floor steel-clad storage and staging facility between 9th and 10th Avenues that will accommodate up to 350 buses. Additionally, the company will construct an innovative ramp structure between 10th and 11th Avenues to connect the Lincoln Tunnel with the bus terminal's above-grade levels.
Construction is scheduled to begin in fall 2025 with completion expected in fall 2028. The contract value will be added to Tutor Perini's backlog in the second quarter of 2025.