MARKET COMPOSITE
TPC - Tutor Perini Corp8:00:02 PM 4/18/2024
Price
$13.38
-0.05 (-0.37%)
Tutor Perini Corporation is one of the largest general contractors in the United States. At the end of 2013 it reported an annual revenue of approximately $4.2 billion. Tutor Perini is headquartered in Sylmar, California, and works on many construction projects throughout the United States and Canada. Specific areas of focus are civil infrastructure , building infrastructure , and specialty contracting (electrical, mechanical, plumbing, heating, air conditioning and ventilation , fire protection systems, concrete placement). In 1949 Albert G. Tutor launched a family construction business, A.G. Tutor Company, Inc. With a compelling combination of innovation and work ethic, the company found immediate success — an upward trajectory that continued when Ronald Tutor joined his father's firm in 1963. The company grew exponentially throughout the century under Ronald Tutor. The organization continued its dramatic growth in 1972 through a partnership with N.M. Saliba and, in 1981, when Ron Tutor took the reigns as president of the Tutor-Saliba Corporation. The company continued to evolve into a major force, focusing on exceptional execution of massive, complicated projects. With an eye toward strategic growth, Ronald Tutor identified a potential partner in the Perini Corporation. Established in 1894 by Bonfiglio Perini — a stonemason by trade who happened to have a remarkable instinct for construction — the company had earned significant recognition for infrastructure work over its decades in business. Seeing an opportunity to bring together two likeminded industry powerhouses, Ron Tutor led a recapitalization of Perini Corporation in 1997. In 2008, the companies officially merged to create a powerful, client-focused firm — Tutor Perini Corporation. Today, the company includes more than 20 wholly owned subsidiaries located in the United States and throughout the world.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1B-4%
Gross Profit48.9MM-4%
Cost Of Revenue972.6MM-4%
Operating Income-22.5MM+79%
Operating Expenses71.4MM-
Net Income-47.5MM+29%
G&A71.4MM+12%
Amortization478K-20%
Interest Expense21.3MM+5%
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Stock news

    LOS ANGELES, April 18, 2024--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, April 25, 2024, to discuss the Company's first quarter 2024 results.

    LOS ANGELES, April 17, 2024--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the "Notes") in a private offering. The sale of the Notes is expected to be completed on or about April 22, 2024. The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiarie

    LOS ANGELES, April 15, 2024--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the "notes") in a private offering. The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.

    Unless you borrow money to invest, the potential losses are limited. But if you pick the right business to buy shares...

    (Bloomberg) -- Tutor Perini Corp. hired Goldman Sachs Group Inc. to help it address upcoming maturities and refinance its debt, according to people familiar with the matter. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapSaudi Crown Prince MBS’s $100 Billion Fo

    On March 20, 2024, Gary Smalley, President of Tutor Perini Corp (NYSE:TPC), executed a sale of 71,857 shares of the company.

    BLACK RIVER FALLS, Wisc., March 19, 2024--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million. The project is located on I-64, east of US‑1 near Grayville, Illinois. The projec

    Gary Smalley, President of Tutor Perini Corp (NYSE:TPC), has sold 40,607 shares of the company on March 15, 2024, according to a recent SEC filing.

    Tutor Perini ( NYSE:TPC ) Full Year 2023 Results Key Financial Results Revenue: US$3.88b (up 2.4% from FY 2022). Net...

    Tutor Perini Corporation (NYSE:TPC) Q4 2023 Earnings Call Transcript February 28, 2024 Tutor Perini Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Fourth Quarter 2023 Earnings Conference […]