Tutor Perini-led Team Sets Record in Philadelphia on the W/Element Hotel
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that the Philadelphia office of its subsidiary, Tutor Perini Building Corp. , has recently set a record in Philadelphia with the mat foundation pour for the W/Element Hotel . Beginning on Saturday morning, July 9, 2016 at 2:00 a.m., Tutor Perini Building Corp. and the team responsible for the construction of the new W/Element Hotel development made history in Center City Philadelphia. Five thousand eight hundred fifty cubic yards of concrete were placed to build the massive steel-reinforced mat foundation of the 51-story, 755-room dual-branded complex operated by Starwood Hotels & Resorts Worldwide, Inc. The 28-hour effort – completed at 6:00 a.m. on Sunday, July 10, 2016 – resulted in the largest continuous concrete pour in Philadelphia history. To commemorate the event, the milestone was recorded with time-lapse cameras, and we are pleased to provide a web link to the first...
Tutor Perini Reports Second Quarter Results
Civil and Building segments delivered improved operating margins Income from construction operations of $48.8 million, up 58% compared to $30.9 million in Q2 2015 Diluted EPS of $0.43, up 79% compared to $0.24 in Q2 2015 Unbilled costs decreased by $47.0 million in Q2 2016 and $93.8 million in the first half of 2016 Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today reported results for the three and six months ended June 30, 2016 . Revenue for the second quarter and first six months of 2016 was $1.3 billion and $2.4 billion , respectively, consistent with the revenue for the same periods last year. Income from construction operations increased to $48.8 million and $89.0 million , respectively, for the second quarter and first six months of 2016 compared to $30.9 million and $51.0 million for the comparable periods last year. Net income for the second quarter and first six months of 2016 increased to $21.4 million , or $0.43 per diluted...
Tutor Perini Announces Conference Call to Discuss Second Quarter Results
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Tuesday, August 2, 2016 , to discuss the Company's second quarter results. Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO, and Gary Smalley, Executive Vice President and CFO. The Company plans to distribute its earnings announcement the same day after the market close. To participate in the conference call, please dial 877-407-8293 five to ten minutes prior to the scheduled time. International callers should dial +1-201-689-8349. The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com. To listen to the webcast, please visit Tutor Perini's website at least fifteen minutes prior to the start of the call to register and to download and install any necessary software. For those unable to...