secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0000077543-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini 2021 EPS $1.79; 2022 guidance $1.15-$1.60 on lower margin mix
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000011/0000077543-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000011/tpc-20220224.htm
  HTML page:      https://secwatch.observer/filing/0000077543-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer