Tutor Perini reports Q1 EPS 53c vs. 30c last year

Reports Q1 revenue $1.25B, consensus $1.07B. The company booked $2B of new awards and contract adjustments in the first quarter of 2025. Gary Smalley, Tutor Perini’s (TPC) Chief Executive Officer and President, commented, “We’ve delivered an outstanding start to 2025 with strong revenue, operating income, earnings, operating cash flow, and backlog growth. Our confidence in Tutor Perini’s outlook is demonstrated by our increased EPS guidance for 2025. As we continue to execute work in our record backlog and as various megaprojects progress from the design to the construction phase, we believe strongly in our ability to drive exceptional earnings and cash flow over the next several years.”