TPC Stock Recent News

Tutor Perini (TPC) closed the most recent trading day at $25.67, moving +1.3% from the previous trading session.

We've always liked the prospects of construction company Tutor Perini, but following a decent retracement in the price we are now revising our rating from a hold to a buy. TPC's backlog surged by a whopping 84% YoY, in Q4, providing strong visibility for the next few years. Improved cash generation (FCF yield of 36%) and debt reduction efforts (52% reduction YoY) have positioned TPC for potential shareholder distributions, enhancing investor appeal.

Tutor Perini Corporation (NYSE:TPC ) Q4 2024 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Jorge Casado - VP, IR Ronald Tutor - Executive Chairman Gary Smalley - CEO President Ryan Soroka - EVP and CFO Conference Call Participants Adam Thalhimer - Thompson, Davis & Company Michael Dudas - Vertical Research Partners Operator Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Fourth Quarter 2024 Earnings Conference Call. My name is Stacy and I will be your coordinator for today.

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the fourth quarter and year ended December 31, 2024 (see attached tables). Record Operating Cash Flow Enabled Substantial Debt Reduction Tutor Perini delivered a third consecutive year of record operating cash flow, generating $503.5 million of net cash provided by operating activities in 2024, which was up 63%, shattering t.

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Tutor Perini-Nan Joint Venture has been awarded several options by the Naval Facilities Engineering Systems Command, Marianas, for additional scope of work on the previously announced Apra Harbor Waterfront Repairs Project in Guam. The additional scope options are valued at approximately $232 million, bringing the total contra.

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Tutor Perini-O&G Joint Venture is in the process of executing contract documents for the previously announced Manhattan Jail Project in New York. The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor.

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has paid off its remaining Term Loan B debt of approximately $47 million. With this latest prepayment, Tutor Perini has successfully accelerated the deleveraging of its balance sheet, reducing total debt by $477 million, or 52%, since December 31, 2023. “Our strong operating cash flow has enabled us to exceed our debt.

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, February 27, 2025, to discuss the Company's fourth quarter and full year 2024 results. Speakers on the call from Tutor Perini will be Gary Smalley, CEO and President; Ryan Soroka, Executive Vice President and CFO; and Ronald Tutor, Executive Chairman. The Company.

LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that a joint venture between the Company and its subsidiary, Frontier-Kemper Constructors, has been awarded a design-build contract valued at approximately $1.18 billion by the Gateway Development Commission for the Manhattan Tunnel Project, a component of the Hudson Tunnel Project (“HTP”). The HTP is a resiliency and reliability proje.

Tutor Perini (TPC) closed at $24.61 in the latest trading session, marking a +1.32% move from the prior day.