Tutor Perini Corporation (NYSE: TPC ) operates in a limited competition space with extremely high barriers to entry. It boasts a mammoth backlog of mega infrastructure projects that are expected to grow with increased bidding activity in the upcoming months and years. I specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I've developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close wat ...

Tutor Perini (TPC) closed at $26.20 in the latest trading session, marking a +0.61% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%. Shares of the construction company witnessed a gain of 21.8% over the previous month, beating the performance of the Construction sector with its gain of 8.17% and the S&P 500's gain of 2.06%. Investors will be eagerly watching for ...

Tutor Perini Corporation (TPC) , a diversified general contracting, construction management and designbuild service provider, has surged 87.3%, outperforming the Zacks Building Products - Heavy Construction industry's 25.3% growth, the Zacks Construction sector's 8.9% increase and the S&P 500 Index's 9.3% rise, in the past six months. Image Source: Zacks Investment Research TPC is benefiting from sold contract wins, especially for large mega construction projects given the limited market competition for suc ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

The joint venture ("JV") of Tutor Perini Corporation (TPC) with its subsidiary Black Construction Corporation, has won a $38.3 million contract from the Naval Facilities Engineering Systems Command, Pacific District. For the P-324 9th Engineering Support Battalion Headquarters Project at Marine Corps Base, GU, the JV's work scope includes constructing low-rise facilities to support the third Marine Expeditionary Force of the 9th Engineering Support Battalion. The building construction work will feature rein ...

Tutor Perini Corporation's (TPC) subsidiary, Five Star Electric, secured a lighting subcontract from AECOMHunt for the new JFK International Airport Terminal 6 (T6). Per the subcontract, the company will provide lighting, lighting controls, and electrical branch wiring for the two-phased undertaking, T6, which is set to open in 2026. The first phase is expected to be completed in firstquarter 2026, while the second phase is scheduled for first-quarter 2028. The contract value will be added to TPC's third-qu ...

Tutor Perini (TPC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this construction company have returned -10.3%, compared to the Zacks S&P 500 composite's +1.9% change. During this period, the Zacks Building Products - Heavy Construction industry, which Tutor Perini falls in, has gained 4%. The key question now is: What could be th ...

Tutor Perini Corporation (TPC) won an approximately $1.66 billion contract from the Honolulu Authority for Rapid Transportation for the City Center Guideway and Stations Project in Honolulu, Hawaii. TPC's experts will design and construct six rail stations and approximately three miles of elevated rail guideway, beginning just east of the existing Middle Street Transit Center Station and ending at the Civic Center Station, which will be located just east of downtown Honolulu. Work on the project is expected ...

Financial Data and Key Metrics Changes - The company reported a 10% consolidated revenue growth, with revenue for Q2 2024 at $1.13 billion compared to $1.02 billion in Q2 2023 [3][13] - Operating cash flow for Q2 2024 was $53 million, with year-to-date operating cash flow of $151 million, marking the second highest result since the 2008 merger [4][12] - Total debt decreased by $223 million or 25% since the end of last year, bringing total debt to $676 million [5][19] - Net income attributable to the company was $800,000 or $0.02 per diluted share, compared to a net loss of $38 million or a loss of $0.72 per share in Q2 2023 [18] Business Line Data and Key Metrics Changes - Civil segment revenue for Q2 2024 was $546 million, essentially flat compared to Q2 2023, but up 13% year-to-date [14] - Building segment revenue increased by 26% year-over-year to $418 million, driven by healthcare and educational facility projects [14] - Specialty Contractors segment revenue was $163 million, up 20% compared to the same quarter last year, despite some reduced project execution activities [14][15] Market Data and Key Metrics Changes - The company’s backlog was $10.4 billion at the end of Q2 2024, with significant new awards including a $1.3 billion bridge project and various other projects totaling over $1 billion [6][11] - The company anticipates substantial backlog growth due to limited competition for large projects, which is expected to bode well for future revenue and margin potential [7][11] Company Strategy and Development Direction - The company is focused on reducing debt and improving cash flow, with expectations of resolving legacy disputes and collecting associated cash in the latter part of 2024 and early 2025 [5][25] - The company is optimistic about substantial backlog growth and revenue increases in 2025 and 2026, reaffirming EPS guidance for 2024 in the range of $0.85 to $1.10 [11][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong cash generation and operating performance, with expectations for improved earnings in the second half of 2024 due to project timing and seasonality [11][25] - The company noted that while some legacy losses remain, they are working through these issues and expect to see improvements in the Specialty Contractors segment over the next year [29][30] Other Important Information - The increase in share-based compensation expense negatively impacted earnings by $0.19 per share due to a significant rise in stock price [4][21] - Corporate G&A expenses rose to $32 million in Q2 2024, primarily due to higher share-based compensation [17] Q&A Session Summary Question: What is the expected earnings ramp-up in Q3 versus Q4? - Management indicated that both Q3 and Q4 are expected to be stronger, with Q4 likely being slightly stronger than Q3 due to improvements in specialty and larger projects generating higher earnings [27][28] Question: What is causing the losses in the Specialty segment? - Management noted that legacy losses, particularly in Five Star Electric, are still being resolved, with expectations that these issues will diminish by the end of next year [29][30] Question: Is there a cash settlement expected in Q3? - Management confirmed that a significant cash settlement is expected in Q3, with about 60% already collected [31] Question: Will Civil segment margins improve in the second half? - Management believes that while margins will improve, they may not be significantly stronger due to the nature of project ramp-ups [33] Question: What percentage of Q2 cash from operations was from settled claims? - Management estimated that roughly 50% of Q2 cash from operations was from settled claims [34] Question: Will intersegment revenue continue to grow? - Management indicated that intersegment revenue is expected to remain flat in the short term but may increase as more work is secured in the Northeast [35][37] Question: What is the current stance on contract terms and retainage? - Management stated that they do not accept onerous terms and have successfully negotiated favorable terms in recent contracts [42]

Tutor Perini (TPC) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to loss of $0.72 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 18.75%. A quarter ago, it was expected that this construction company would post a loss of $0.18 per share when it actually produced earnings of $0.30, delivering a surprise of 266.67%. Over the last four quarters, the com ...