---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-22-000074"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T16:04:56.165972+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini Q3 net loss $32.5M vs prior year profit; revenue down to $1.1B

## Summary
- Net loss $32.5M ($0.63 loss per diluted share) vs net income $15.4M ($0.30 EPS) in Q3 2021.
- Revenue $1.1B, down from $1.2B YoY; loss from construction operations $6.9M vs income $52.1M.
- Operating cash flow $72.6M in Q3 vs usage $21.3M; YTD record $251.3M.
- Backlog $8.4B; two pending contract awards could add >$4.5B.
- No 2022 guidance; expects net loss for full year; ~$100M excess cash paydown on Term Loan B expected by April 2023.

## SEC filing metadata
- accession: 0000077543-22-000074
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754322000074/0000077543-22-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754322000074/tpc-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-22-000074
- JSON: https://secwatch.observer/filing/0000077543-22-000074.json
- Plain text: https://secwatch.observer/filing/0000077543-22-000074.txt

## Key facts
- Earnings Releases
  TUTOR PERINI CORP reported quarter ended September 30, 2022 results: revenue $1.1 billion, net income $32.5 million, or a $0.63 loss per diluted share, EPS $0.63 loss per diluted share.
  - Period: quarter ended September 30, 2022
  - Revenue: $1.1 billion
  - Net income: $32.5 million, or a $0.63 loss per diluted share
  - EPS: $0.63 loss per diluted share
  - Result: reported results
  source text: Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the third quarter of 2022. Revenue was $1.1 billion compared to $1.2 billion for the third quarter of last year. The decrease was primarily due to reduced project execution activities on various projects in all three segments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754322000074/0000077543-22-000074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.