---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-23-000022"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:37:06.146694+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini posts $210M net loss for 2022; revenue down 18% to $3.8B

## Summary
- Net loss of $210M ($4.09 diluted loss per share) vs net income of $91.9M ($1.79) in 2021.
- Record operating cash flow of $207M in 2022, highest since 2008 merger.
- Backlog $7.9B; expects >$3B in new awards in 2023, initial EPS guidance $0.45-$0.65.
- Business strategy changes: expediting dispute settlements and leadership changes at New York specialty unit WDF.
- Revenue decline of 18% driven by lack of major new awards and project delays.

## SEC filing metadata
- accession: 0000077543-23-000022
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754323000022/0000077543-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754323000022/tpc-20230315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-23-000022
- JSON: https://secwatch.observer/filing/0000077543-23-000022.json
- Plain text: https://secwatch.observer/filing/0000077543-23-000022.txt

## Key facts
- Earnings Releases
  TUTOR PERINI CORP reported the quarter and year ended December 31, 2022 results: revenue $3.8 billion, net income $210.0 million, or a $4.09 diluted loss per share, EPS $4.09 diluted loss per share.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $3.8 billion
  - Net income: $210.0 million, or a $4.09 diluted loss per share
  - EPS: $4.09 diluted loss per share
  - Result: reported results
  source text: quarter and year ended December 31, 2022. The fourth quarter and year ended December 31, 2022 results are included in the tables attached to this release. Revenue for 2022 was $3.8 billion, down 18% compared to 2021. The lower revenue in 2022 was largely attributable to a lack of major new awards over the last three years, which prevented the Company from replacing
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754323000022/0000077543-23-000022-index.htm

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