TUTOR PERINI CORP (TPC) Form 8-K — Nov 4, 2026
Tutor Perini reported record third quarter 2026 results: revenue of $1.7 billion (up 22% Y/Y), record income from construction operations of $125.4 million (up 213%), and diluted EPS of $0.39 versus $0.07 a year ago. Adjusted EPS was $1.83, up 59% Y/Y, and operating cash flow hit a record $330.9 million for the quarter. The company raised its full-year 2026 adjusted EPS guidance to $5.90-$6.10, up sharply from the prior $5.15-$5.45 range, citing record performance and visibility from backlog. Management also expects continued strong revenue and adjusted EPS growth in 2027.
Key figures
- Eps
- 0.39
- Revenue
- 1720256000
- Guidance
- 2026 adjusted EPS raised to $5.90-$6.10 from $5.15-$5.45; expects continued strong revenue and adjusted EPS growth in 2027
- Net Income
- 20700000
- Total Debt
- 404000000
- Revenue Yoy
- 22%
- Total Assets
- 5739669000
- Cash Position
- 1111049000
- Gross Proceeds
- 0
- Shares Outstanding
- 52569117
- Backlog
- 20400000000
- Adjusted eps
- 1.83
- Bid pipeline
- >$200 billion
- Book to burn
- >1.0x for second straight quarter
- New awards q3
- 2200000000
- Net cash position
- 707000000
- Adjusted net income
- 97600000
- Operating cash flow q3
- 330900000
- Adjusted eps prior year
- 1.15
- Operating cash flow q3 yoy
- 14%
- Operating cash flow nine months
- 665100000
- Income from construction operations
- 125400000
- Income from construction operations yoy
- 213%
AI analysis
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