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Tutor Perini Corporation reports recurring developments across civil, building and specialty construction. The company provides general contracting, design-build, pre-construction planning and project management services for private customers and public agencies, with work spanning transportation infrastructure, government facilities, water systems, buildings and public-private partnership projects.
Company updates commonly address operating results, segment revenue, backlog, project execution, new awards and change orders, including work tied to transit, federal facilities, energy resilience and utility infrastructure. News also includes capital-return actions such as quarterly cash dividends and share repurchase authorizations, along with earnings-call announcements and guidance commentary.
Tutor Perini (NYSE:TPC) received a $651.8 million NAVFAC Pacific task order for Project P‑1181 to harden critical electrical feeders on Naval Base Guam. The joint venture with Black Construction will replace overhead power lines with underground systems, boosting resiliency and reliability.
Design starts August 2026, construction in April 2027, with substantial completion expected June 2031. The full task order value will be added to TPC’s backlog in second-quarter 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Roy Anderson Corp was awarded a Jones Hall Project contract at the University of Mississippi, valued at approximately $114 million.
The four-story, 110,000-square-foot facility for the Patterson School of Accountancy is scheduled from June 2026 to December 2028 and will be added to TPC’s Q2 2026 backlog.
Tutor Perini (NYSE:TPC) announced that subsidiary Fisk Electric won a new electrical contract for an advanced manufacturing and data center infrastructure facility in Houston, Texas, valued at approximately $48 million.
The 115,000-square-foot project targets completion by year-end 2026, and the contract value will enter backlog in Q2 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Perini Management Services received an approximately $81.8 million U.S. Coast Guard contract for Family Housing Phase IV and an Aviation Hill water tank at USCG Base Kodiak, Alaska.
The project adds to backlog in Q2 2026 and targets substantial completion by November 2028.
Tutor Perini (NYSE:TPC) announced that subsidiary Perini Management Services received a $61.6 million U.S. Coast Guard contract to design and build a new Child Development Center at USCG Base Kodiak, Alaska.
The 34,000-square-foot facility will serve 232 children, with work starting May 2026 and substantial completion expected January 2029. The contract value will be added to backlog in Q2 2026.
Tutor Perini (NYSE:TPC) announced that subsidiary Rudolph and Sletten was awarded a Sutter Health contract for the Advanced Orthopedics & Sports Medicine Care Complex in Sacramento. The existing 660 J Street office will be converted into a ~120,000 sq. ft. ambulatory surgical and medical office facility.
The project includes structural seismic upgrades, new MEP systems, five operating rooms, imaging, labs, clinics and research spaces. Pre-construction began in spring 2025, construction is underway, and substantial completion is anticipated in fall 2027. The undisclosed contract value was included in first-quarter 2026 backlog.
Tutor Perini (NYSE:TPC) declared a quarterly cash dividend of $0.06 per share, payable June 4, 2026, to shareholders of record at the close of business on May 21, 2026.
The dividend is for common stock and was approved by the company's Board of Directors.
Tutor Perini (NYSE:TPC) reported Q1 2026 revenue of $1.4 billion, up 11% year‑over‑year, and record operating cash flow of $146.9 million. Adjusted EPS was $1.03 and the company affirmed 2026 adjusted EPS guidance of $4.90–$5.30. Backlog stood at $19.8 billion as of March 31, 2026.
The results reflect higher production on newer, higher‑margin projects, a strong net‑cash position, and ongoing share repurchases under a $200 million program.
Tutor Perini (NYSE: TPC) will host a conference call at 2:00 PM PT on Wednesday, May 6, 2026 to discuss first quarter 2026 results, with an earnings announcement to follow after market close. Participants include CEO Gary Smalley, CFO Ryan Soroka, and Executive Chairman Ronald Tutor.
The call will be available via live webcast on Tutor Perini's website and replayed afterward; dial-in instructions and international numbers are provided for participants.
Tutor Perini (NYSE: TPC) subsidiary Perini Management Services secured a U.S. Army Corps of Engineers Louisville District MATOC under the Energy Resilience and Conservation Investment Program with a shared capacity of $2 billion over 10 years (3-year base, seven one-year options).
The contract lets PMSI compete for nationwide ERCIP task orders covering design-build and design-bid-build electrical and water infrastructure at U.S. military facilities, including solar, cogeneration, microgrids, water purification, and smart water grids.