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Tutor Perini Corp. (TPC)
NYSE:TPC
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: record revenue, record operating cash flow (+49%), strong adjusted EPS turnaround to $4.29, a healthy backlog ($20.6B, +10%), and substantial segment recoveries (Civil margins 13.7%, Building turned profitable). Key risks noted were elevated 2025 share‑based compensation that inflated G&A, an unfavorable Q4 adjustment tied to a legacy dispute (~$42M), about a dozen remaining legacy disputes, high interest costs pending refinancing, and potential short‑term lumpiness in backlog. Given the magnitude and number of material positive operating and financial improvements and clear forward guidance for continued double‑digit growth and higher earnings in 2026–2027, these positives outweigh the remaining discrete risks and timing uncertainties.Company Guidance
Record Revenue
Revenue of $5.5 billion in 2025, up 28% year-over-year, driven by larger, higher‑margin projects across Civil and Building segments.
Record Operating Cash Flow
Operating cash flow reached a record $748 million for 2025, up 49% from $504 million in 2024; fourth consecutive year of record operating cash generation.
Strong Adjusted Earnings and GAAP Turnaround
Adjusted EPS of $4.29 for 2025 (adjusted net income $229 million) versus an adjusted loss in 2024; GAAP net income $80 million or $1.51 per share compared to a net loss of $164 million in 2024.
Robust Backlog and Bookings
Year-end backlog of $20.6 billion, up 10% year-over-year, supported by $7.4 billion of new awards and contract adjustments during 2025 and a book-to-burn ratio of 1.34x.
Civil Segment Outperformance
Civil revenue of $2.8 billion, up 34% YoY (highest annual Civil revenue ever); Civil operating income nearly tripled to $391 million from $138 million, with a 13.7% segment operating margin (within the 12%–15% target range).
Building and Specialty Contractors Improvement
Building revenue $1.9 billion (up 15%) with operating income of $58 million vs. a $24 million loss in 2024 (margin 3.1% vs -1.5%); Specialty Contractors revenue $844 million (up 43%) and returned to profitability in H2 2025, posting a modest $7 million operating loss for the full year vs a $103 million loss in 2024.
Balance Sheet and Capital Actions
Total debt reduced by 24% in 2025; cash and cash equivalents exceeded total debt by $327 million (net cash position) vs net debt of $79 million at end of 2024; Board authorized $0.06 quarterly dividend (paid) and $200 million share repurchase program.
Guidance and Forward Visibility
Management expects double‑digit revenue growth and strong earnings in 2026 with 2026 adjusted EPS guidance of $4.90 to $5.30 and indications that 2027 should be higher; visibility supported by nine mega projects (~$16 billion) and several large bid opportunities.
Operational Momentum Across Quarters
Revenue accelerated sequentially through 2025; Q4 2025 revenue of $1.5 billion, up 41% YoY, with segment Q4 growth: Civil +32%, Building +45%, Specialty +63%; Q4 operating income recovery across segments (Civil $72M, Building $11M, Specialty $11M).
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 |
|---|---|---|---|
Feb 26, 2026 | $89.38 | $75.37 | -15.67% |
Nov 05, 2025 | $67.86 | $67.34 | -0.76% |
Aug 06, 2025 | $47.24 | $55.02 | +16.48% |
May 07, 2025 | $23.61 | $29.84 | +26.41% |
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 Corp. (TPC) report earnings?
Tutor Perini Corp. (TPC) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Tutor Perini Corp. (TPC) earnings time?
Tutor Perini Corp. (TPC) earnings time is at May 06, 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 (Q1) is 0.49.