secwatch.observer — SEC 8-K summary
======================================

Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000077543-22-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini Q1 net loss $0.42/sh; revenue down to $1.0B; record operating cash flow $120.7M
--------------------------------------------------------------------------------

- Net loss attributable to company of $21.6M ($0.42 loss per diluted share) vs net income $16.0M ($0.31 EPS) YoY.
- Revenue fell to $1.0B from $1.2B; loss from construction ops of $9.9M vs income of $49.7M.
- Pre-tax charge of $25.5M from adverse legal ruling on a completed NY bridge project.
- Record Q1 operating cash flow of $120.7M; backlog grew to $8.3B from $8.2B at Q4 2021.
- Maintained FY 2022 EPS guidance of $1.15-$1.60; expects continued strong cash generation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000033/0000077543-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000033/tpc-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000077543-22-000033

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