Every 8-K that Tutor Perini Corporation (TPC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TPC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TPC filings page.
Tutor Perini Corporation reported that William E. Jensen, its Executive Vice President - Civil West, has decided to retire. He notified the company on August 11, 2026, and his retirement will be effective September 4, 2026. The company expressed appreciation for his service and extended well wishes for his retirement.
Tutor Perini Corporation reported record second-quarter 2026 results, with revenue of $1.6 billion, up 19% year over year, and record income from construction operations of $117.7 million, up 54%. Net income attributable to the company was $65.7 million, or diluted EPS of $1.23, compared with $20.0 million, or $0.38, a year earlier. Adjusted EPS, which excludes share-based compensation expense net of tax, was $1.74 versus $1.41.
Operating cash flow for the first half of 2026 reached a record $334.1 million, while backlog was $19.9 billion as of June 30, 2026. Cash exceeded total debt by $542 million, and a July 2, 2026 refinancing is expected to reduce annual interest expense on senior notes by approximately $21 million and more than double revolving credit capacity. The board raised 2026 Adjusted EPS guidance to $5.15–$5.45 and increased the quarterly dividend 50% to $0.09 per share. The company repurchased 137,374 shares for $10 million during the quarter and highlights a multi-year project pipeline exceeding $200 billion.
Tutor Perini Corporation completed a private offering of $400 million of 6.625% Senior Notes due 2033, issued at 100% of principal. The company is using the net proceeds, along with cash on hand, to redeem $400 million of its 11.875% Senior Notes due 2029, including related premiums, interest and fees.
The company also amended and restated its Credit Agreement, extending the revolving credit facility maturity to July 2, 2031, increasing total commitments from $170.0 million to $350.0 million, and reducing SOFR and base rate margins tied to a Total Net Leverage Ratio. The amended agreement replaces a first lien leverage covenant with a maximum Total Net Leverage Ratio of 3.50 to 1.00 and a minimum cash Interest Coverage Ratio of 3.00 to 1.00.
Tutor Perini Corporation plans a private offering of $400 million aggregate principal amount of senior notes due 2033. The company expects to use the net proceeds, along with cash on hand, to redeem $400 million of its existing 11.875% Senior Notes due April 30, 2029 and pay related premiums, interest, fees and expenses.
Substantially concurrent with closing this offering, Tutor Perini also expects to amend and restate its credit agreement to extend the revolving credit facility maturity to the fifth anniversary of effectiveness and increase total commitments from $170 million to $350 million, enhancing available liquidity, subject to completion of the transactions and market conditions.
Tutor Perini Corporation adopted a new Deferred Compensation Plan for a select group of management and highly compensated employees, including named executive officers. Participants can defer portions of salary, bonuses, and certain cash-settled equity awards into bookkeeping accounts that earn returns based on chosen investment alternatives.
The plan is unfunded, may use a limited rabbi trust, and allows distributions during service, after separation, at retirement eligibility, or upon death or unforeseeable emergencies, subject to specific timing rules. Shareholders also elected 10 directors to serve until the 2027 annual meeting, ratified Deloitte & Touche LLP as auditor, and gave advisory approval to executive compensation with 38,631,812 votes for and 952,357 against.
Tutor Perini Corporation reported strong first quarter 2026 results, led by revenue of $1.39 billion, up 11% year over year, and record operating cash flow of $146.9 million, compared to $22.9 million a year ago.
GAAP diluted EPS was $0.48 versus $0.53 in 2025, but adjusted EPS rose to $1.03 from $0.65 as share-based compensation increased sharply due to a higher stock price. Backlog remained very strong at $19.8 billion, supporting management’s confidence.
The company affirmed 2026 adjusted EPS guidance of $4.90–$5.30 and reiterated expectations for significantly higher adjusted EPS in 2027. Total debt was $399 million and cash exceeded total debt by $404 million, reflecting a solid net cash position and funding a $20 million share repurchase in the quarter.
Tutor Perini Corporation reported a sharp turnaround in 2025, with record revenue and operating cash flow and a return to profitability. Full-year revenue reached $5.54 billion, up 28% from 2024, while net cash provided by operating activities rose 49% to $748.1 million, the fourth consecutive annual record.
Income from construction operations improved to $232.0 million from a loss of $103.8 million, and net income attributable to the company was $80.4 million, or diluted EPS of $1.51, versus a diluted loss per share of $3.13 in 2024. Adjusted EPS, which excludes share-based compensation expense and related tax effects, was $4.29, compared to an adjusted diluted loss per share of $2.37.
Backlog increased 10% to $20.6 billion as of December 31, 2025, supported by $7.4 billion of new awards across large civil and building projects. Total debt fell 24% to $407 million, and cash exceeded total debt by $327 million, giving the company more financial flexibility. For 2026, management guides to double-digit revenue growth and adjusted EPS between $4.90 and $5.30, and expects continued strong operating cash generation.
Tutor Perini Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend will be paid on December 23, 2025 to shareholders of record as of the close of business on December 9, 2025, providing a direct cash return to existing investors. The Board also authorized a new $200 million share repurchase program, allowing the company to buy back its common stock over time. These actions, disclosed under Regulation FD, outline a capital return framework combining ongoing dividends with potential share repurchases.
Tutor Perini Corporation furnished an update on its results of operations by announcing it issued a press release for the quarter ended September 30, 2025. The company reported this under Item 2.02 and attached the press release as Exhibit 99.1.
The information, including Exhibit 99.1, was furnished to the SEC and is not deemed filed or subject to Section 18 liabilities, nor incorporated by reference into other filings.