Tutor Perini Q1 net loss widens to $49.2M; withdraws FY 2023 EPS guidance

TUTOR PERINI CORP

2023-Q1 EPS reported -$0.95 revenue$776,300,000

Revenue $776.3M vs $952.2M YoY; net loss $0.95/share vs $0.42 loss/share YoY.
Non-cash $83.6M charge from adverse bankruptcy ruling on completed NYC mixed-use project.
Backlog $7.9B; Q2 already awarded >$3.2B new work including $2.95B Brooklyn Jail.
Positive operating cash flow $21.3M vs $120.7M in Q1 2022 (record prior year).
Withdraws 2023 EPS guidance; expects to provide updated guidance with Q2 results.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

TUTOR PERINI CORP reported the quarter ended March 31, 2023 results: revenue $776.3 million, net income net loss attributable to the Company of $49.2 million, EPS a $0.95 loss per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $776.3 million
Net income: net loss attributable to the Company of $49.2 million
EPS: a $0.95 loss per diluted share
Result: reported results

Exact text from the filing

Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the first quarter of 2023. Revenue was $776.3 million compared to $952.2 million for the first quarter of last year. The decrease was largely due to reduced project execution activities on a transportation project in the Northeast

View on SEC.gov

Browse all earnings releases →

TUTOR PERINI CORP filing history →

Source: SEC EDGAR

accession 0000077543-23-000074

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.