TUTOR PERINI CORP (TPC) Form 10-Q — Nov 4, 2026
Tutor Perini posted record Q3 2026 results with revenue of $1.72 billion, up 21.5% year over year, and diluted EPS of $0.39 versus $0.07 a year ago. Income from construction operations more than tripled to $125.4 million, the highest quarterly result in company history, with nine-month revenue of $4.75 billion also a record. During the quarter the company refinanced its 11.875% notes with $400 million of 6.625% senior notes due 2033, cutting future interest expense, and settled its defined benefit pension plan, incurring one-time charges of $51.4 million and $33.8 million respectively. Excluding these, adjusted diluted EPS was $1.83 for Q3 versus $1.15 last year.
Key figures
- Eps
- 0.39
- Revenue
- 1720256000
- Net Income
- 37879000
- Revenue Yoy
- 21.5%
- Cash Position
- 1111049000
- Shares Outstanding
- 52569117
- Nine Month Revenue
- 4746761000
- Revolver Capacity
- 350000000
- Nine Month Net Income
- 161475000
- Nine Month Diluted Eps
- 2.09
- Nine Month Revenue Yoy
- 17.6%
- Adjusted Diluted Eps Q3
- 1.83
- Q3 Diluted Eps Prior Year
- 0.07
- Share Repurchase Program
- 200 million authorized; $170 million remaining
- Pension Settlement Charge
- 33800000
- Loss On Debt Extinguishment
- 51400000
- Operating Cash Flow Nine Months
- 665063000
- Adjusted Diluted Eps Nine Months
- 4.59
- Income From Construction Operations Q3
- 125419000
- Remaining Performance Obligations Total
- 17.4 billion (Civil $9.7B, Building $5.3B, Specialty $2.4B)
- Income From Construction Operations Q3 Yoy
- 212.8%
AI analysis
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