Contract Wins Strengthen TPC's Prospects, High Costs Ail

Tutor Perini Corporation (TPC) is benefiting from solid contract wins in large mega-construction projects with limited market competition. The company's growing backlog supports its long-term growth in a dynamic economic environment. Also, the increasing flow of awards enables TPC to improve its margins and lower its total debt. However, the increased expense structure due to higher share-based compensation and several unfavorable adjustments raises concerns for the company. Factors Driving Growth Tutor Per ...