Quarterly ResultAug 5, 2026, 05:11 PM
Tutor Perini Q2 Revenue $1.64B, EPS $1.23; Refinances Debt
AI Summary
Tutor Perini reported strong second-quarter 2026 results with revenue increasing to $1.64 billion and diluted EPS rising to $1.23. Net income attributable to the company significantly improved to $65.7 million. Post-quarter, the company successfully refinanced its debt by issuing $400 million in new senior notes at a lower interest rate and extending its revolving credit facility to $350 million, maturing in 2031.
Key Highlights
- Q2 2026 Revenue increased 19.1% to $1.64 billion.
- Q2 2026 Net Income attributable to Tutor Perini rose to $65.7 million.
- Q2 2026 Diluted EPS grew to $1.23 from $0.38 in Q2 2025.
- Issued $400 million 6.625% Senior Notes due 2033 on July 2, 2026.
- Redeemed $400 million 11.875% Senior Notes due 2029, incurring $51.4 million extinguishment costs.
- Revolver commitment increased to $350 million, maturing July 2031, with reduced interest margins.
- Civil segment revenue increased 11.2% to $816.2 million in Q2 2026.
- Remaining performance obligations (backlog) totaled $16.6 billion as of June 30, 2026.
Price Impact
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