secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0000077543-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754323000022/0000077543-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754323000022/tpc-20230315.htm
  HTML page:      https://secwatch.observer/filing/0000077543-23-000022

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