| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.4K | 11.5% |
| Total Income | 1.4K | 11.5% |
| Expenditure | 1.3K | 12.6% |
| PBT | 56.51 | 1.5% |
| Net Profit | 25.70 | 8.2% |
| OPM | 4.26% | 0.98pp |
| NPM | 1.85% | 0.40pp |
| EPS | 0.49 | 7.5% |
Tutor Perini Reports Strong Q1 2026 Results; Affirms 2026 Adjusted EPS Guidance
07 May 2026 · 7 May, 1:54 am
Summary
Tutor Perini Corporation reported strong first quarter 2026 results, with revenue reaching $1.4 billion, up 11% year-over-year. The company achieved a record operating cash flow of $146.9 million, a significant increase compared to the previous year. Adjusted EPS increased to $1.03 from $0.65 in Q1 2025. Management has affirmed its 2026 Adjusted EPS guidance and expects significantly higher revenue and earnings in 2026 and 2027, driven by the company's solid backlog and newer large projects advancing to the construction phase.
Key Highlights
- 1
Tutor Perini reported a record Q1 2026 operating cash flow of $146.9 million, up 542% year-over-year.
- 2
Revenue for Q1 2026 reached $1.4 billion, an increase of 11% compared to the same period in 2025.
- 3
The company's income from construction operations was $59.2 million, reflecting strong operating performance and contributions from higher-margin projects.
- 4
Adjusted EPS for Q1 2026 was $1.03, compared to $0.65 in Q1 2025.
- 5
Tutor Perini affirms its 2026 Adjusted EPS guidance of $4.90 to $5.30.
- 6
The company's backlog remains strong and profitable at $19.8 billion at the end of Q1 2026.
- 7
Tutor Perini anticipates significantly higher revenue and earnings in both 2026 and 2027 due to solid earnings visibility provided by current backlog.
Management Comments
Gary Smalley
"We are off to a great start in 2026, with strong first quarter results highlighted by record operating cash flow and adjusted earnings per share that was up 58% year-over-year." "We are focused on consistent, solid execution, and our business momentum continues as we advance work on our newer megaprojects. Customer demand remains strong with numerous major bidding opportunities ahead beginning in mid-2026 and continuing well throughout 2027 and beyond. We continue to expect the long-duration and higher-margin nature of our existing and future projects to translate into resilient operations that produce significantly higher revenue and earnings over the next several years."
Informational and educational content only. Not investment advice.