Tutor Perini Reports Record Third Quarter 2026 Financial Results; Raises 2026 Adjusted EPS Guidance
Tutor Perini reported record Q3 2026 results, with revenue of $1.72 billion up 22% Y/Y and adjusted EPS of $1.83, up 59% from $1.15 a year ago. Record operating cash flow of $330.9 million in the quarter and $665.1 million for the first nine months, GAAP EPS of $0.39 versus $0.07, and income from construction operations up 213% to $125.4 million drove the beat. The company raised 2026 adjusted EPS guidance to $5.90-$6.10 from $5.15-$5.45. Backlog reached a near-record $20.4 billion on $2.2 billion of Q3 new awards, with a bid pipeline exceeding $200 billion, and the company holds a $707 million net cash position.
Key figures
- Eps
- 0.39
- Revenue
- 1720256000
- Guidance
- 2026 adjusted EPS raised to $5.90-$6.10 from $5.15-$5.45
- Revenue Yoy
- 22%
- Backlog
- 20400000000
- Total debt
- 404000000
- Adjusted eps
- 1.83
- Bid pipeline
- $200 billion-plus
- New awards q3
- 2200000000
- Adjusted eps yoy
- 59%
- Net cash position
- 707000000
- Operating income yoy
- 213%
- Operating cash flow q3
- 330900000
- Operating cash flow nine months
- 665100000
- Income from construction operations
- 125400000
AI analysis
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