TUTOR PERINI CORP SEC 10-Q Report

Tutor Perini Corp, a leading civil and building construction company, has released its Form 10-Q report for the third quarter, showcasing robust financial and operational performance. The report highlights significant growth in revenue, profitability, and operational efficiency, driven by strong performance across all business segments.

Financial Highlights

• Revenue: $1,373.7 million, reflecting a significant increase from the previous year's $1,127.5 million, driven by strong performance across all segments.
• Gross Profit: $196.0 million, up from $117.1 million in the prior year, indicating improved operational efficiency and cost management.
• Income from Construction Operations: $76.4 million, compared to $40.5 million in the previous year, highlighting enhanced profitability in core operations.
• Net Income: $47.1 million, a substantial rise from $16.0 million in the prior year, demonstrating effective cost control and revenue growth.
• Basic Earnings Per Common Share: $0.38, up from $0.02, reflecting the company's improved financial performance and shareholder value.
• Diluted Earnings Per Common Share: $0.38, compared to $0.02 in the previous year, underscoring the positive impact of increased net income on per-share earnings.

Business Highlights

• Revenue Segments: The Civil segment reported revenue of $734.2 million, driven by mass transit and military facilities projects. The Building segment generated $462.1 million, with significant contributions from healthcare and detention facilities. The Specialty Contractors segment earned $177.4 million, primarily from mass transit and commercial facilities.
• Geographical Performance: The company continues to see strong performance in key markets such as Los Angeles and New York, with major projects like the Purple Line Extension and the Manhattan Jail project contributing significantly to revenue.
• Sales Units: The Civil segment's mass transit projects, including transportation and tunneling, accounted for $420.7 million in revenue, indicating robust demand in infrastructure development.
• Future Outlook: The company anticipates continued growth in the Civil segment, with a focus on large-scale infrastructure projects. The Building and Specialty Contractors segments are expected to benefit from ongoing demand in healthcare and government facilities.

SEC Filing: TUTOR PERINI CORP [ TPC ] - 10-Q - Aug. 06, 2025