Quarterly ResultAug 5, 2026, 04:24 PM
Tutor Perini Q2 Revenue $1.6B, EPS $1.23; Raises 2026 Adj. EPS
AI Summary
Tutor Perini Corporation reported strong second-quarter 2026 financial results, achieving record revenue of $1.6 billion, a 19% increase year-over-year, and record income from construction operations of $117.7 million, up 54%. Diluted EPS surged 224% to $1.23, while Adjusted EPS rose 23% to $1.74. The company also generated a record $334.1 million in operating cash flow for the first half of 2026 and maintained a near-record backlog of $19.9 billion. Based on these results, Tutor Perini raised its 2026 Adjusted EPS guidance to $5.15-$5.45 and increased its quarterly dividend by 50% to $0.09 per share.
Key Highlights
- Record Q2 2026 revenue of $1.6 billion, up 19% year-over-year.
- Record Q2 2026 income from construction operations of $117.7 million, up 54% year-over-year.
- Diluted EPS of $1.23, up 224% from $0.38 in Q2 2025.
- Adjusted EPS of $1.74, up 23% from $1.41 in Q2 2025.
- Record first-half 2026 operating cash flow of $334.1 million, up 17% year-over-year.
- Near-record backlog of $19.9 billion as of June 30, 2026.
- Raised 2026 Adjusted EPS guidance to $5.15-$5.45 (from $4.90-$5.30).
- Quarterly dividend increased 50% to $0.09 per share.
Price Impact
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