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$ 26.45 NYSE: TPC +0.30 (+1.15%) Volume: 253,553 Minimum 20 minutes delay May 26, 2017
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Investor Overview

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 have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures. Read More

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05/10/2017 Tutor Perini Announces Favorable Legal Ruling and Confirms Award of $323 Million I-74 Bridge Replacement Contract
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil and building construction company, today announced that the Company has prevailed in defending on appeal the judgment obtained by its subsidiary, Tutor-Saliba Corporation , in the previously disclosed Westgate Planet Hollywood Matter . With only minor adjustments, the Supreme Court of Nevada affirmed the lower court’s judgment and, following further proceedings in the lower court, the anticipated final award to the Company is estimated to exceed $20 million , including interest and recovery of certain attorneys’ fees and costs. The Company anticipates the final award will have no material impact on its consolidated financial statements, and will reflect the impact of this judgment, upon collection, as a reduction of accounts receivable. Separately, the Company also today announced that its subsidiary, Lunda Construction (“Lunda”), has been awarded a contract for the $322.7 million I-74 Steel Twin Arch Bridge...
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05/03/2017 Tutor Perini Reports First Quarter Results
New awards of $2.1 billion; the largest volume of quarterly new awards in nearly four years Backlog at $7.2 billion, with 54% of backlog now comprised of higher-margin Civil projects Affirming 2017 guidance: revenue in excess of $5.5 billion; diluted EPS of $2.10 to $2.40 Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today reported results for the three months ended March 31, 2017 . Revenue for the first quarter of 2017 was $1,117.4 million , up 3% compared to the first quarter of last year. Income from construction operations was $37.0 million for the first quarter of 2017 compared to $40.1 million for the comparable period last year. Net income for the first quarter of 2017 was $13.8 million , or $0.27 per diluted share, compared to $15.4 million , or $0.31 per diluted share, for the first quarter of 2016. The decrease in both income from construction operations and net income was primarily due to the relative impact of certain Civil and...
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05/02/2017 Tutor Perini Announces Four Civil Projects Valued at $774 Million
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced four new civil projects collectively valued at approximately $774 million . Details regarding each of these projects is provided below. The contract values are anticipated to be included in the Company’s reported second quarter 2017 backlog. I-74 Steel Twin Arch Bridge Replacement Project, Iowa-Illinois / Expected Contract Value: $322.7 million Tutor Perini’s subsidiary, Lunda Construction (Lunda), is the apparent low bidder on a contract for the Iowa Department of Transportation to build new twin bridges that will replace the existing twin steel girder bridges between Bettendorf, Iowa and Moline, Illinois. Lunda’s scope of work includes the construction of two bridges, each measuring 3,396 feet in length, including two 795-foot basket handle arches over the navigational channel of the Mississippi River. Construction on the new bridges is expected to begin in the summer of 2017,...
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