Tutor Perini Postpones Senior Notes Offering
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil and building construction company, today announced that, as a result of adverse market conditions, it has postponed its planned private offering of $500 million in senior notes. The Company will evaluate the timing for the proposed offering as market conditions develop, and at this time does not intend to redeem its outstanding 7.625% Senior Notes due 2018 or enter into a new credit facility. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes and any related guarantees. Any offers of the notes and related guarantees will be made only by means of a private offering circular. About Tutor Perini Corporation Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and...
Tutor Perini Reports Third Quarter Results
Cash flow from operations of $89.6 million; strongest quarterly result since Q4 2011 Improved quarterly operating performance in all segments Strong operating margins in the Civil and Building segments Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today reported results for the three and nine months ended September 30, 2016 . Revenue for the third quarter and first nine months of 2016 was $1.3 billion and $3.7 billion , respectively, consistent with the revenue for the same periods last year. Income from construction operations increased to $60.9 million and $149.9 million , respectively, for the third quarter and first nine months of 2016, compared to $39.0 million and $89.9 million for the comparable periods of the prior year. Net income for the third quarter and first nine months of 2016 increased to $28.8 million , or $0.57 per diluted share, and $65.6 million , or $1.32 per diluted share, respectively, compared to $19.7 million , or...
Tutor Perini Announces Conference Call to Discuss Third 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 Wednesday, November 2, 2016 , to discuss the Company's third 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...