Tutor Perini (NYSE:TPC) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAdam Thalhimer - Director of ResearchAlex Rygiel - Managing DirectorGary Smalley - CEO and PresidentJorge Casado - SVP of Investor RelationsLiam Burke - Managing DirectorRyan Soroka - EVP and CFOSteven Fisher - Managing DirectorConference Call ParticipantsMichael Dudas - Partner and Equity Research AnalystOperatorGood day, ladies and gentlemen, and welcome to the Tutor Perini Corporation's fourth quarter 2025 ear ...

Tutor Perini (NYSE:TPC) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAdam Thalhimer - Director of ResearchAlex Rygiel - Managing DirectorGary Smalley - CEO and PresidentJorge Casado - SVP of Investor RelationsLiam Burke - Managing DirectorRyan Soroka - EVP and CFOSteven Fisher - Managing DirectorConference Call ParticipantsMichael Dudas - Partner and Equity Research AnalystOperatorGood day, ladies and gentlemen, and welcome to the Tutor Perini Corporation's fourth quarter 2025 ear ...

Tutor Perini (NYSE:TPC) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker5Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation's fourth quarter 2025 earnings conference call. My name is Latonya, and I will be your coordinator for today. All participants are currently in a listen-only mode. Following management's prepared remarks, we'll be opening the call for a question-and-answer session. As a reminder, this call is being recorded for replay purposes. If anyone should requi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 (Exact name of registrant as specified in its charter) | Massachusetts | 04-1717070 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 15901 Olden Street, Sylmar, California | 91342 | | (Address of principal executive offices) | ( ...

Financial Performance - Tutor Perini reported record operating cash flow of $748.1 million in 2025, up 49% year-over-year from $503.5 million in 2024[4]. - The company achieved record revenue of $5.5 billion in 2025, a 28% increase compared to 2024, with growth across all segments: Civil (34%), Building (15%), and Specialty Contractors (43%)[6]. - Income from construction operations was $232.0 million in 2025, a significant recovery from a loss of $103.8 million in 2024, driven by higher-margin projects[7]. - Diluted earnings per share (EPS) rose to $1.51 in 2025, compared to a diluted loss per share of $3.13 in 2024[8]. - Total revenue for the year ended December 31, 2025, reached $5,861,772, an increase from $4,506,343 in 2024, representing a growth of approximately 30%[42]. - Revenue from external customers for 2025 was $5,543,039, compared to $4,326,922 in 2024, indicating a year-over-year increase of about 28%[42]. - The company reported a net income of $143,081 for 2025, a significant recovery from a net loss of $122,339 in 2024[48]. - Fourth quarter 2025 revenue reached $1,507,365, a 41.1% increase from $1,067,649 in Q4 2024[37]. - Full year 2025 revenue totaled $5,543,039, up 28.2% from $4,326,922 in 2024[37]. - Gross profit for Q4 2025 was $147,724, compared to a loss of $9,462 in Q4 2024[37]. - Net income for Q4 2025 was $34,398, a significant recovery from a loss of $76,208 in Q4 2024[37]. - Basic earnings per share for Q4 2025 was $0.55, compared to a loss of $1.51 in Q4 2024[37]. - The construction operations segment reported an income of $50,112 in Q4 2025, recovering from a loss of $86,245 in Q4 2024[37]. Debt and Assets - The company reduced total debt by $126.8 million, or 24%, ending 2025 with total debt of $407 million[5][14]. - Total current assets increased to $4,116,885 in 2025 from $3,286,667 in 2024, reflecting a growth of approximately 25%[45]. - Total liabilities increased to $3,897,760 in 2025 from $3,084,104 in 2024, marking a rise of about 27%[45]. - The company’s total assets reached $5,160,422 in 2025, compared to $4,242,710 in 2024, indicating a growth of approximately 22%[45]. Backlog and Future Outlook - Consolidated backlog reached $20.6 billion as of December 31, 2025, up 10% year-over-year, supported by $7.4 billion in new awards[12]. - The company expects to book approximately $1 billion into backlog for the Midtown Bus Terminal project in New York City later this year[12]. - Significant bidding opportunities are anticipated in the next 12 to 18 months, including major infrastructure projects funded by the U.S. government[13][20]. - The company anticipates continued growth in 2026, although specific guidance figures were not disclosed[33]. - For 2026, the company anticipates double-digit revenue growth and adjusted EPS in the range of $4.90 to $5.30[22]. Capital Expenditures - Total capital expenditures for Q4 2025 amounted to $74,963, compared to $9,143 in Q4 2024[39]. - Capital expenditures for 2025 totaled $180,854, a substantial increase from $37,409 in 2024, highlighting a focus on investment in property and equipment[48]. Risks and Challenges - The company faces various risks including economic factors, competition, and potential impacts from public health crises[34].

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its Board of Directors has declared a quarterly cash dividend in the amount of $0.06 per share of Tutor Perini common stock payable on March 26, 2026, to shareholders of record as of the close of business on March 10, 2026. About Tutor Perini Corporation Tutor Perini Corporation is a leading civil, building and specialty construction company offering divers ...

Company Performance - Tutor Perini (TPC) closed at $81.10, reflecting a -1.39% change from the previous day, underperforming the S&P 500 which gained 0.56% [1] - Over the past month, Tutor Perini's shares increased by 10.94%, outperforming the Construction sector's gain of 6.35% and the S&P 500's loss of 1.27% [1] Upcoming Earnings - The upcoming earnings disclosure is anticipated, with projected earnings per share (EPS) of $0.92, representing a 160.93% increase year-over-year [2] - The Zacks Consensus Estimate for revenue is $1.28 billion, indicating a 19.85% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $4.01 per share and revenue at $5.32 billion, reflecting increases of +228.12% and +22.84% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for Tutor Perini are important as they reflect short-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Tutor Perini at 3 (Hold) [6] Valuation Metrics - Tutor Perini is trading at a Forward P/E ratio of 17.42, which is a discount compared to its industry's Forward P/E of 27.62 [7] - The Building Products - Heavy Construction industry, part of the Construction sector, has a Zacks Industry Rank of 149, placing it in the bottom 40% of over 250 industries [7]

Core Viewpoint - Tutor Perini Corporation will host a conference call to discuss its fourth quarter and full year 2025 results on February 26, 2026, at 2:00 PM Pacific Time [1] Company Information - Tutor Perini Corporation is a leading civil, building, and specialty construction company [1] - Participants on the call will include Gary Smalley (CEO and President), Ryan Soroka (Executive Vice President and CFO), and Ronald Tutor (Executive Chairman) [1]

Core Insights - The article emphasizes the importance of quantamental analysis, which combines data-driven models with fundamental research to identify strong companies with unique financial profiles [1] Group 1: Analytical Approach - The structured process involves top-down screening alongside bottom-up company-specific analysis, allowing for a comprehensive evaluation of potential investment opportunities [1] - The goal is to make unique ideas and research accessible to both retail and professional investors while maintaining analytical depth and a clear investment thesis [1] Group 2: Author's Background - The author has a background in Financial Engineering and has been focused on analyzing companies with solid financial profiles for an extended period [1] - The collaboration with another author, Kennedy Njagi, indicates a partnership aimed at enhancing the quality of analysis and insights shared [1]

Core Insights - The article emphasizes the importance of quantamental analysis, which combines data-driven models with fundamental research to identify strong companies with unique financial profiles [1]. Group 1: Analytical Approach - The structured process involves top-down screening alongside bottom-up company-specific analysis, allowing for a comprehensive evaluation of potential investment opportunities [1]. - The goal is to make unique ideas and research accessible to both retail and professional investors while ensuring analytical depth and a clear investment thesis [1]. Group 2: Author's Background - The author has a background in Financial Engineering and has been focused on analyzing companies with solid financial profiles for an extended period [1]. - The collaboration with another author, Kennedy Njagi, indicates a shared interest in enhancing the quality of analysis and insights provided [1].