Tutor Perini (TPC)
NYSE:TPC
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive: management reported strong operational performance (record operating cash flow, revenue growth, robust backlog, and a 58% increase in adjusted EPS) and a materially improved balance sheet and liquidity position enabling capital returns and the ability to pursue larger projects. Notable negatives include a significant adverse legal ruling (~$175 million) under appeal, elevated share-based compensation that depressed GAAP results and increased the effective tax rate, and some project estimate adjustments and legacy dispute overhang in Specialty. On balance, management presented confidence in continued double-digit revenue growth for 2026 and substantially higher earnings in 2027, while acknowledging specific near-term risks and contingencies.Company Guidance
Record Operating Cash Flow
Operating cash flow of $147 million in Q1 2026, up 542% year-over-year and the highest first-quarter cash flow on record, driven by collections on new and ongoing projects.
Revenue Growth and Quarterly Record
Revenue of $1.4 billion, up 11% year-over-year — the highest first-quarter revenue since 2009 — driven by larger, higher‑margin projects in early stages.
Strong Backlog Providing Multi-Year Visibility
Backlog of $19.8 billion (~$20 billion) at quarter end, including nine mega projects won over the last 1–3 years, and nearly $700 million of new awards/adjustments booked in the quarter.
Adjusted EPS and Profitability Improvement
Adjusted net income attributable to Tutor Perini of $55 million, or adjusted EPS of $1.03, up 58% year-over-year (Q1 adjusted EPS 2026 vs Q1 2025).
Civil Segment Strength
Civil revenue $698 million (up 14% YoY) — highest-ever Q1 for the segment — operating income $88 million (up 10% YoY) and operating margin of 12.6%; management expects Civil margins of ~12%–15%.
Building and Specialty Segment Progress
Building revenue $473 million (slightly up YoY) with operating income $16 million (up 56% YoY) and margin 3.5%; Specialty revenue $219 million (up 24% YoY) and marginally profitable (~$0.6 million) versus a prior-year loss.
Stronger Balance Sheet and Net Cash Position
Total debt $399 million; cash and cash equivalents exceeded total debt by $404 million (net cash position), a $533 million improvement versus one year earlier. Cash available for corporate purposes $321 million (up 18% YoY).
Capital Return Actions
Board declared $0.06 quarterly dividend (to be paid June 4) and completed $20 million share repurchase (~278,000 shares at ~$72 average) under a $200 million buyback program; additional opportunistic repurchases expected.
Affirmed 2026 Guidance and Positive 2027 Outlook
Affirmed adjusted EPS guidance of $4.90–$5.30 for 2026, reiterated expectation of double-digit revenue growth for 2026, and signaled expectations for significantly higher earnings in 2027 as newer mega projects ramp.
TPC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $96.90 | $81.90 | -15.49% |
Feb 26, 2026 | $89.23 | $75.25 | -15.67% |
Nov 05, 2025 | $67.75 | $67.23 | -0.77% |
Aug 06, 2025 | $47.16 | $54.93 | +16.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tutor Perini (TPC) report earnings?
Tutor Perini (TPC) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Tutor Perini (TPC) earnings time?
Tutor Perini (TPC) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPC EPS forecast?
TPC EPS forecast for the fiscal quarter 2026 (Q2) is 0.81.