Record Operating Cash Flow
Tutor Perini achieved extraordinary operating cash flow of $262 million in Q2 2025 and $285 million for the first six months of 2025, setting new records for each respective period.
Significant Backlog Increase
The backlog reached an all-time high of $21.1 billion, a 102% increase year-over-year and a 9% increase sequentially, driven by $3.1 billion of new awards.
Revenue Growth
Second quarter revenue increased by 22% to $1.37 billion compared to last year, with the Civil segment revenue up 34% and Building segment revenue up 11%.
Strong Operating Income
Operating income grew by 89% to $76 million, with substantial contributions from higher-margin projects in the Civil and Building segments.
Earnings Per Share (EPS) Increase
GAAP EPS for Q2 2025 was $0.38, up from $0.02 last year, while adjusted EPS rose significantly to $1.41 from $0.34 in the prior year.
Debt Reduction
Total debt was reduced by 21% to $419 million as of June 30, 2025, with cash exceeding total debt for the first time since 2010.
Increased Guidance
Guidance for 2025 GAAP EPS was raised to $1.70-$2.00, and adjusted EPS guidance was increased to $3.65-$3.95.