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Tutor Perini Corp. (TPC)
NYSE:TPC
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 7.54%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with significant achievements in cash generation, debt reduction, and backlog growth. However, these positives were offset by the negative impact of legacy dispute resolutions, operating losses, and increased G&A expenses. The company shows promise for future profitability and growth, but current challenges are still impacting financial performance.Company Guidance
During the Tutor Perini Corporation Fourth Quarter 2024 Earnings Conference Call, the company provided guidance indicating a return to profitability in 2025 with an expected EPS range of $1.50 to $1.90 and double-digit revenue growth. They emphasized their record backlog of $18.7 billion, which represents an 84% year-over-year increase, suggesting a solid foundation for future revenue and earnings from 2025 onwards. The company also achieved significant financial milestones in 2024, including generating a record operating cash flow of $504 million, reducing total debt by 52% since the end of 2023, and achieving a book-to-burn ratio of 5.4x for the fourth quarter. Additionally, they highlighted their focus on resolving a dozen or so legacy disputes by 2025, which had previously impacted profitability, and anticipated continued strong cash flow driven by ongoing project operations and dispute resolutions.Record Cash Generation
Generated $330 million of cash in Q4 alone and $504 million for the full year of 2024, shattering the prior year's record by approximately $200 million.
Debt Reduction
Reduced total debt by $477 million or 52% since the end of 2023, including the full payoff of the Term Loan B.
Record Backlog
Finished 2024 with a new all-time record backlog of $18.7 billion, which grew by 84% year-over-year, driven by $12.8 billion of new awards and contract adjustments.
Double-Digit Revenue Growth
Achieved 12% revenue growth in 2024, with expectations for more significant growth in the coming years.
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TPC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $21.87 | $29.39 | +34.39% |
| Nov 06, 2024 | $30.28 | $33.24 | +9.78% |
| Aug 01, 2024 | $23.72 | $17.36 | -26.81% |
| Apr 25, 2024 | $13.89 | $17.78 | +28.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tutor Perini Corp. (TPC) report earnings?
Tutor Perini Corp. (TPC) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Tutor Perini Corp. (TPC) earnings time?
Tutor Perini Corp. (TPC) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPC EPS forecast?
TPC EPS forecast for the fiscal quarter 2025 (Q1) is 0.09.
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