Tutor Perini ( (TPC) ) has released its Q4 earnings. Here is a breakdown of the information Tutor Perini presented to its investors.
Tutor Perini Corporation is a leading construction company specializing in civil, building, and specialty projects, known for its expertise in executing large, complex projects on time and within budget.
In its latest earnings report, Tutor Perini announced record operating cash flow and backlog for 2024, despite reporting a net loss due to legacy dispute resolutions. The company also provided optimistic guidance for 2025 and beyond.
Key financial highlights include a 63% year-over-year increase in operating cash flow to $503.5 million, a 52% reduction in total debt, and a record backlog of $18.7 billion driven by $12.8 billion in new awards. However, the company reported a diluted loss of $3.13 per share due to net charges from dispute resolutions. Revenue for 2024 was $4.3 billion, marking a 12% increase from the previous year.
Looking ahead, Tutor Perini is optimistic about its future, expecting double-digit revenue growth and a return to profitability in 2025, with even stronger earnings projected for 2026 and 2027. The company’s record backlog and strategic focus on margin enhancement position it well for continued growth and shareholder value creation.