Quarterly ResultMay 6, 2026, 05:11 PM
Tutor Perini Q1 Revenue +11.5% to $1.39B; Net Income -8.2% to $25.7M
AI Summary
Tutor Perini Corporation reported an 11.5% increase in total revenue to $1.39 billion for the first quarter of 2026, driven by strong performance in its Civil and Specialty Contractors segments. However, net income attributable to the company decreased by 8.2% to $25.7 million, resulting in diluted EPS of $0.48, down from $0.53 in the prior year. A significant positive was the substantial increase in net cash provided by operating activities, which rose to $146.9 million. The company also engaged in capital allocation activities, including a $20.0 million share repurchase and a $3.3 million dividend payment.
Key Highlights
- Total revenue increased by 11.5% to $1.39 billion for Q1 2026.
- Net income attributable to Tutor Perini Corporation decreased 8.2% to $25.7 million.
- Diluted earnings per common share fell to $0.48 from $0.53 in Q1 2025.
- Net cash provided by operating activities surged to $146.9 million from $22.9 million.
- Civil segment revenue grew 14.4% to $697.7 million.
- Specialty Contractors segment revenue increased 23.7% to $218.7 million.
- The company repurchased $20.0 million of common stock and paid $3.3 million in dividends.
- Remaining performance obligations totaled $9.3 billion for Civil, $4.7 billion for Building, and $2.2 billion for Specialty Contractors.
Price Impact
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