secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000077543-22-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000074/0000077543-22-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754322000074/tpc-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000077543-22-000074

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