---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-23-000175"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:10:47.919054+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000077543-23-000175
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2023-11-09T23:59:59+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/77543/000007754323000175/0000077543-23-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754323000175/tpc-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-23-000175
- JSON: https://secwatch.observer/filing/0000077543-23-000175.json
- Plain text: https://secwatch.observer/filing/0000077543-23-000175.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue was $1.1 billion, level compared to the same quarter last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754323000175/0000077543-23-000175-index.htm

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