---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-24-000013"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:52:22.184151+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini reports 2023 net loss $171.2M but record operating cash flow $308.5M; backlog up 28% to $10.2B

## Summary
- Full-year revenue $3.9B, flat YoY; net loss $171.2M ($3.30 diluted loss) vs $210.0M loss in 2022.
- Record operating cash flow $308.5M in 2023, up 49% from prior record $207.0M in 2022.
- Backlog grew 28% to $10.2B; largest award: $2.95B Brooklyn Jail project in New York.
- Initial 2024 EPS guidance $0.85-$1.10; anticipates double-digit revenue growth and return to positive earnings.
- Term Loan B paid down $91M on Feb 23, 2024; Senior Notes refinancing expected by end of April 2024.

## SEC filing metadata
- accession: 0000077543-24-000013
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754324000013/0000077543-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754324000013/tpc-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-24-000013
- JSON: https://secwatch.observer/filing/0000077543-24-000013.json
- Plain text: https://secwatch.observer/filing/0000077543-24-000013.txt

## Key facts
- Earnings Releases
  TUTOR PERINI CORP reported year ended December 31, 2023 results: revenue $3.9 billion, net income -$171.2 million, EPS -$3.30.
  - Period: year ended December 31, 2023
  - Revenue: $3.9 billion
  - Net income: -$171.2 million
  - EPS: -$3.30
  - Result: reported results
  source text: Revenue for 2023 was $3.9 billion, up slightly compared to 2022, primarily due to a lower amount of net unfavorable impacts from settlements, litigation results and other project charges in 2023 as compared to 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754324000013/0000077543-24-000013-index.htm
- Earnings Releases
  TUTOR PERINI CORP reported 2024 results: EPS $0.85 to $1.10. Guidance initiated.
  - Period: 2024
  - EPS: $0.85 to $1.10
  - Guidance: initiated
  - Result: guidance update
  source text: The Company is establishing its initial EPS guidance for 2024 at a range of $0.85 to $1.10.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754324000013/0000077543-24-000013-index.htm

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