secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0000077543-22-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini reports Q2 net loss of $63M, withdraws 2022 guidance; backlog up 14% to $8.5B
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- Revenue $0.9B (down from $1.2B YoY); net loss $63M ($1.23/sh) vs net income $31.2M ($0.61/sh) in Q2 2021.
- Operating cash flow $58M in Q2 2022; record $178.7M for first six months, largest since 2008 merger.
- Backlog $8.5B, up 14% YoY; new awards include $293M CA mass-transit and $95M educational facility.
- Withdrawing 2022 guidance due to pending settlement uncertainty; expects net loss for full year.
- Cash generation improved; anticipate continued strong operating cash for remainder of 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000054/0000077543-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000054/tpc-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000077543-22-000054

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