1. Who is Tutor Perini Corporation?
Tutor Perini Corporation is one of the leading construction companies in the world, with an operating history spanning more than 115 years. We provide general contracting, including building and civil construction, construction management, design-build services, and specialty contracting, including electrical, mechanical, and plumbing services to private clients and public agencies in the U.S. and selected overseas locations. Tutor Perini has an unmatched reputation in many niche markets, including the hospitality and gaming industry, corrections, health care, sports, entertainment and education. Civil infrastructure continues to be a major focus of the company, which is known for executing large and complex civil construction projects. We have been consistently ranked by Engineering News-Record (ENR) among the top contractors across numerous market categories. We are headquartered in Sylmar, California, and we have various other principal office locations throughout the United States and certain U.S. territories. Our services span a broad footprint across the U.S., and we have a significant presence in the New York City metropolitan area, where we are working on several major building and civil projects and are ranked as the largest specialty contractor in the region. Our common stock is listed on the New York Stock Exchange under the symbol "TPC".
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3. How is Tutor Perini organized?
The company has three operating business groups: Civil, Building, and Specialty Contractors.
Our Civil Group is comprised of Perini Civil Construction, the civil operations of Tutor-Saliba and Cherry Hill Construction, Inc., Frontier-Kemper Constructors, Lunda Construction Company, and Black Construction (Guam) and focuses on public works construction primarily in the Western, Midwestern, Northeastern, and Mid-Atlantic states, as well as Guam and the Western Pacific, including the repair, replacement and reconstruction of the public infrastructure such as highways, bridges, tunnels, mass transit systems and waste water treatment facilities.
Our Building Group is comprised of Tutor Perini Building Corp., Rudolph and Sletten, Inc., Keating Building Corp., Perini Management Services, Inc., Roy Anderson Corp. and James A. Cummings, Inc. and focuses on large, complex projects in the hospitality and gaming, healthcare, municipal offices, sports and entertainment, education, transportation, corrections, biotech, pharmaceutical and high-tech markets, as well as diversified construction and design-build services to the U.S. military and government agencies, surety companies, and multi-national corporations.
Our Specialty Contractors Group is comprised of Five Star Electric, Fisk Electric, WDF, Desert Mechanical, Nagelbush Mechanical, Federated Fire Protection, and Superior Gunite and serves to broaden and enhance our mechanical and electrical capabilities. The Specialty Contractors group has a sizable presence in New York, Texas and California and often partners with other Tutor Perini companies on projects throughout the United States.
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5. Who are Tutor Perini’s clients?
Tutor Perini’s clients include some of the most visionary developers and demanding public agencies in the world. Our building construction backlog includes many globally recognized brands who are repeat clients, including Related Companies, Donald J. Trump, Station Casinos, and Gaylord Hotels. We are well-known in the markets that we serve: hospitality and gaming, multi-family residential, sports and entertainment, corporate and advanced technology campuses, colleges and universities, healthcare, cultural and exhibition space, and retail developments. In Florida, our wholly owned subsidiary, James A. Cummings, Inc. is one of the leading builders of public schools.
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6. How big is the marketplace for Tutor Perini Corporation’s services?
Demand for Tutor Perini’s expertise continues to grow. The company believes that several underlying trends, including the aging of urban infrastructure, the rebounding national economy, and legislation providing funding for large infrastructure projects ranging from highways, bridges, railroads, subways, airports, water treatment and conveyance, and new or renovated building developments, will create exciting new opportunities in the future.
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