Tutor Perini

Tutor Perini Reports First Quarter 2024 Results

Retrieved on:

Thursday, April 25, 2024

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Internet, TPC, Building, Hand, Webcast, United States Navy, Tutor Perini, Environment, EPS, Term loan, Growth, Video game

Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the first quarter of 2024.

Key Points:

Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the first quarter of 2024.
The operating cash flow for the first quarter of 2024 was the Company's second-highest result of any first quarter since the 2008 merger between Tutor-Saliba Corporation and Perini Corporation.
The Building and Civil segments were the primary contributors to the new award activity in the first quarter of 2024.
The Company will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the first quarter 2024 results.

Black Construction Awarded Three Projects in Diego Garcia Totaling $54.5 Million

Retrieved on:

Thursday, April 25, 2024

Construction & Property, Other Defense, Contracts, Military, Public Policy, Government, Building Systems, White House, Federal Government, Other Construction & Property, Defense, Tutor Perini, TPC, Road

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with Mace International, has been awarded the following projects, collectively valued at approximately $54.5 million, by the U.S.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with Mace International, has been awarded the following projects, collectively valued at approximately $54.5 million, by the U.S.
Repairs to Incinerator Building, F-5007 – This contract, valued at $6,497,101, provides for the removal and replacement of the existing incinerator building and associated utility systems.
Work is anticipated to begin this spring with substantial competition expected in the spring of 2026.
Work is anticipated to begin this spring with substantial competition expected in the spring of 2025.

Roy Anderson Corp Awarded $72.7 Million Hangar 3 Project at Pensacola International Airport

Retrieved on:

Wednesday, April 24, 2024

Public Policy, Government, State, Local, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Urban Planning, Titan, Project Titan, Tutor Perini, Pensacola International Airport, TPC, City

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a contract valued at approximately $72.7 million by the City of Pensacola, Florida, for Hangar 3 of Project Titan at Pensacola International Airport.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a contract valued at approximately $72.7 million by the City of Pensacola, Florida, for Hangar 3 of Project Titan at Pensacola International Airport.
The scope of work includes the design and construction of a new pre-engineered metal building hangar with a central shop and perimeter office and support areas, as well as construction of a new 300 space asphalt parking lot.
Design work has commenced, and construction is expected to begin in August 2024 with substantial completion anticipated in the summer of 2026.
The contract value was included in the Company’s backlog beginning in the first quarter of 2024.

Tutor Perini Announces Conference Call to Discuss First Quarter 2024 Results

Retrieved on:

Thursday, April 18, 2024

Commercial Building & Real Estate, Construction & Property, HVAC, Building Systems, Engineering, Urban Planning, Other Construction & Property, Manufacturing, Tutor Perini, Internet, Webcast, CFO, TPC, Senior

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the Company's first quarter 2024 results.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the Company's first quarter 2024 results.
Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO; Gary Smalley, President; and Ryan Soroka, Senior Vice President and CFO.
The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com .
For those unable to participate during the live call, the webcast will be available for replay shortly after the call on Tutor Perini's website.

Tutor Perini Prices $400 Million of Senior Notes

Retrieved on:

Wednesday, April 17, 2024

Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Debt-to-GDP ratio, Sale, Tutor Perini, TPC, Investment, Person, Note, Regulation, Security (finance)

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering.
The sale of the Notes is expected to be completed on or about April 22, 2024.
The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.
Any offers of the Notes and related guarantees will be made only by means of a private offering circular.

Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes

Retrieved on:

Monday, April 15, 2024

Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Debt-to-GDP ratio, Sale, TPC, Investment, Hand, Tutor Perini, Regulation, Credit, Person, Note, Security (finance)

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering.
The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.
The offering, amount and terms of the notes are subject to market conditions.
Any offers of the notes and related guarantees will be made only by means of a private offering circular.

Lunda Construction Announces Apparent Low Bid for a $136 Million I-64 Bridge and Highway Project

Retrieved on:

Tuesday, March 19, 2024

Other Construction & Property, Construction & Property, Urban Planning, TPC, Tutor Perini, Wabash River, I-64, Transport

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million.
The project is located on I-64, east of US‑1 near Grayville, Illinois.
The project crosses the Wabash River, which divides the roadway jurisdiction between White County, Illinois, west of the river, and Posey County, Indiana, east of the river.
The project scope of work includes replacement of the existing dual bridges over the Wabash River, as well as roadway improvements to connect the existing I-64 roadway to the new bridge structures.

Tutor Perini Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 28, 2024

Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the fourth quarter and year ended December 31, 2023 (see attached tables).

Key Points:

Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the fourth quarter and year ended December 31, 2023 (see attached tables).
Revenue for 2023 was $3.9 billion, up slightly compared to 2022, primarily due to a lower amount of net unfavorable impacts from settlements, litigation results and other project charges in 2023 as compared to 2022.
Loss from construction operations for 2023 was $114.6 million compared to $204.8 million for 2022.
The Company will host a conference call at 2:00 PM Pacific Time on Wednesday, February 28, 2024, to discuss the fourth quarter and full year 2023 results.

Tutor Perini Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 21, 2024

Engineering, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, CFO, Senior, TPC, Webcast, Internet, Tutor Perini, Tutoring

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, February 28, 2024, to discuss the Company's fourth quarter and full year 2023 results.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, February 28, 2024, to discuss the Company's fourth quarter and full year 2023 results.
Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO; Gary Smalley, President; and Ryan Soroka, Senior Vice President and CFO.
The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com .
For those unable to participate during the live call, the webcast will be available for replay shortly after the call on Tutor Perini's website.

Five Star Electric Awarded $67 Million Systems Installation and Integration Package

Retrieved on:

Tuesday, February 6, 2024

Architecture, Transport, Commercial Building & Real Estate, Construction & Property, Building Systems, Public Transport, TPC, Tutor Perini, Development

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Five Star Electric, has been awarded a systems installation and integration project by the New York Metropolitan Transportation Authority (“MTA”) Construction and Development valued at approximately $67 million for the Connection-Oriented Ethernet, Phase 3C project.

Key Points:

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Five Star Electric, has been awarded a systems installation and integration project by the New York Metropolitan Transportation Authority (“MTA”) Construction and Development valued at approximately $67 million for the Connection-Oriented Ethernet, Phase 3C project.
The project scope of work includes the replacement of approximately 150,000 feet of fiber optic cable; interconnecting and integrating more than 360 branch sites into MTA’s network; connecting, testing and integrating existing service delivery switches at more than 150 branch sites; and integrating existing closed circuit television cameras at 125 stations to existing video management and physical security information management systems.
Work has recently commenced and substantial completion is anticipated in late 2028.
The contract value will be included in the Company’s backlog beginning in the fourth quarter of 2023.