earnings
confidence high
sentiment negative
materiality 0.70
Tutor Perini 2021 EPS $1.79; 2022 guidance $1.15-$1.60 on lower margin mix
TUTOR PERINI CORP
2021-FY EPS reported
$1.79
revenue$4,641,830,000
- Full-year 2021 revenue $4.6B, down 13% YoY; net income $91.9M vs $108.4M.
- Civil segment operating margin 12.7%, highest since 2014; offset by specialty contractors weakness.
- Backlog $8.2B at Dec 31, 2021, essentially flat YoY; building segment backlog up $607M.
- 2022 EPS guidance range $1.15-$1.60, below 2021's $1.79, due to higher tax rate and mix shift.
- Expects substantially improved operating cash generation in 2022, well above net income.