Tutor Perini Q3 EPS $0.30 vs $0.72; revenue down to $1.2B; backlog rises to $8.4B

TUTOR PERINI CORP

2021-Q3 EPS reported $1.22 revenue$3,605,060,000

Diluted EPS of $0.30 vs $0.72 in Q3 2020; net income $15.4M vs $36.8M.
Revenue $1.2B, down from $1.4B YoY, driven by lower Building segment activity.
Backlog surged to $8.4B from $7.5B at June 30, on $2.1B new awards.
Major awards: Cedars-Sinai hospital, $471M LAX Metro Connector, $220M I-70 bridge, Guam projects.
2021 EPS guidance lowered to $1.70–$1.85; management cites strong pipeline including JFK Terminal One.

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