Tutor Perini Q3 net loss widens to $36.9M; cash flow surges, backlog up 28% to $10.6B

TUTOR PERINI CORP

2023-Q3 EPS reported -$2.39 revenue$2,858,756,000

Net loss of $36.9M ($0.71 diluted loss per share) vs $32.5M loss YoY; loss from construction ops $12.6M.
Revenue flat at $1.1B; Civil/Building growth offset by Specialty Contractors decline.
Operating cash flow $103.2M in Q3, up 42% from $72.6M YoY; YTD $180.8M, both near-record since 2008 merger.
Backlog $10.6B, up 28% YoY; key new awards include $115M healthcare project, $95M and $81M mass-transit projects in CA.
No 2023 EPS guidance; expects to provide initial 2024 EPS guidance with Q4 results; accumulating cash for timely debt refinancing (>$70M set aside).

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 0.9

TUTOR PERINI CORP reported the third quarter of 2023 results: revenue $1.1 billion, net income Net loss attributable to the Company for the third quarter of 2023 was $36.9 million, or a $0.71 diluted loss per common, EPS $0.71 diluted loss per common share.

Period: the third quarter of 2023
Revenue: $1.1 billion
Net income: Net loss attributable to the Company for the third quarter of 2023 was $36.9 million, or a $0.71 diluted loss per common
EPS: $0.71 diluted loss per common share
Result: reported results

Exact text from the filing

Revenue was $1.1 billion, level compared to the same quarter last year.

View on SEC.gov

Browse all earnings releases →

TUTOR PERINI CORP filing history →

Source: SEC EDGAR

accession 0000077543-23-000175

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.