---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-23-000074"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:39:31.916433+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000077543-23-000074
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754323000074/0000077543-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754323000074/tpc-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-23-000074
- JSON: https://secwatch.observer/filing/0000077543-23-000074.json
- Plain text: https://secwatch.observer/filing/0000077543-23-000074.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754323000074/0000077543-23-000074-index.htm

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