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Tutor Perini Corp. (TPC)
NYSE:TPC
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
-0.91Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -16.12%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The call reflected a strong positive outlook with record backlog growth and significant operating cash flow, despite negative impacts from dispute resolutions and share-based compensation expenses.Company Guidance
During the Tutor Perini Corporation Q3 2024 earnings call, the company shared several promising metrics and guidance for future performance. The backlog reached a record high of $14 billion, increasing by 35% compared to the previous quarter, thanks to new project awards like the $1.66 billion City Center Guideway and Stations project in Honolulu. Operating cash flow for 2024 is projected to be between $425 million and $575 million, potentially surpassing the previous record of $308 million. The company plans to significantly reduce its debt, with anticipated prepayments of $150 million to $225 million of Term Loan B debt by early 2025. Despite a Q3 net loss of $101 million due to dispute resolutions, the company expects a return to profitability in 2025, driven by new, higher-margin projects with improved contractual terms.Record Backlog Growth
Backlog soared to $14 billion, up 35% compared to the prior quarter, setting a new record since the 2008 merger of Tutor-Saliba and Perini.
Strong Operating Cash Flow
Expected operating cash flow for the fourth quarter is between $250 million to $400 million, with full-year 2024 expected to reach $425 million to $575 million, far exceeding the prior record of $308 million.
Significant New Project Awards
New projects include the $1.66 billion City Center Guideway and Stations project in Honolulu, $1.1 billion Kensico East View Connection Tunnel in New York, and a major healthcare campus project in California.
Debt Reduction Strategy
Plan to prepay $100 million to $150 million of Term Loan B debt in the fourth quarter, with further prepayments of $50 million to $75 million expected in the first quarter of 2025.
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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
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TPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $30.28 | $33.24 | +9.78% |
| Aug 01, 2024 | $23.72 | $17.36 | -26.81% |
| Apr 25, 2024 | $13.89 | $17.78 | +28.01% |
| Feb 28, 2024 | $9.24 | $11.33 | +22.62% |
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.
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FAQ
When does Tutor Perini Corp. (TPC) report earnings?
Tutor Perini Corp. (TPC) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Tutor Perini Corp. (TPC) earnings time?
Tutor Perini Corp. (TPC) earnings time is at Feb 26, 2025, TBA Not 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 2024 (Q4) is 0.17.
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