Quarterly ResultMay 6, 2026, 04:25 PM
Tutor Perini Q1 Adjusted EPS $1.03, Revenue $1.4B; Affirms 2026 Guidance
AI Summary
Tutor Perini Corporation reported strong first quarter 2026 results, with Adjusted EPS of $1.03, a 58% increase year-over-year, and revenue of $1.4 billion, up 11%. The company achieved a record Q1 operating cash flow of $146.9 million and maintained a profitable backlog of $19.8 billion. Tutor Perini affirmed its 2026 Adjusted EPS guidance and plans to refinance outstanding debt while continuing opportunistic share buybacks.
Key Highlights
- Adjusted EPS was $1.03, up 58% from $0.65 in Q1 2025.
- Revenue increased 11% to $1.4 billion from $1.2 billion in Q1 2025.
- Record Q1 operating cash flow reached $146.9 million, up 542% year-over-year.
- Backlog stood at $19.8 billion as of March 31, 2026.
- Civil segment revenue grew 14% in Q1 2026.
- Specialty Contractors segment revenue increased 24% in Q1 2026.
- Repurchased 277,578 shares for $20 million at an average price of $72.03 per share.
- Affirmed 2026 Adjusted EPS guidance in the range of $4.90 to $5.30.