Tutor Perini Q2 revenue $1.02B (+19% YoY); net loss narrows to $37.5M; backlog $10.9B

TUTOR PERINI CORP

2023-Q2 EPS reported -$1.68 revenue$1,798,051,000

Revenue $1.02B, up 19% from $861M in Q2 2022; income from construction ops $2.4M vs loss $90.6M.
Net loss attributable $37.5M ($0.72 diluted loss) vs $63M loss ($1.23) in Q2 2022.
Backlog $10.9B, up 27% YoY; large new awards include $3.0B Brooklyn Jail and $222M military project.
Operating cash flow $56.3M in Q2; YTD $77.7M (second-best first-half since 2008 merger).
No new guidance; expects positive EPS in 2024 and operating cash flow to exceed 2022 record $207M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TUTOR PERINI CORP reported the quarter ended June 30, 2023 results: revenue $1.02 billion, net income $37.5 million, EPS $0.72 diluted loss per common share.

Period: the quarter ended June 30, 2023
Revenue: $1.02 billion
Net income: $37.5 million
EPS: $0.72 diluted loss per common share
Result: reported results

Exact text from the filing

amended, regardless of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- News Release Tutor Perini Reports Second Quarter 2023 Results • Revenue of $1.02 billion in Q2 2023, up 19% compared to $861.0 million in Q2 2022 • Solid operating cash flow of $56.3 million in Q2 2023 compared to $58.0 million in Q2 2022; year-to-date operating cash

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accession 0000077543-23-000132

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