Overview

* Tutor Perini ( TPC ) Q3 revenue grows 31% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 2025 rises significantly compared to Q3 2024

* Company raises 2025 adjusted EPS guidance to $4.00-$4.20

Outlook

* Tutor Perini ( TPC ) raises 2025 Adjusted EPS guidance to $4.00-$4.20

* Company expects 2026 and 2027 Adjusted EPS to exceed 2025 guidance

* Company sees strong demand for services from well-funded projects

Result Drivers

* HIGHER-MARGIN PROJECTS - Increased project execution activities on newer, larger, higher-margin projects drove revenue growth

* RECORD BACKLOG - Record backlog of $21.6 bln due to $2 bln of new awards and contract adjustments

* STRONG CASH FLOW - Record operating cash flow driven by collections from newer and ongoing projects

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.42 $1.38

Revenue bln bln (3

Analysts

)

Q3 EPS $0.07

Q3 Net $18.85

Income mln

Q3 Gross $169.40

Profit mln

Q3 $34.002

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Tutor Perini Corp ( TPC ) is $75.00, about 12.4% above its November 4 closing price of $65.72

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)