Tutor Perini Q1 revenue up 35% to $1.05B, EPS $0.30; reaffirms FY24 guidance

TUTOR PERINI CORP

2024-Q1 EPS reported $0.30 revenue$1,048,987,000

Revenue $1.05B (+35% YoY); diluted EPS $0.30 vs -$0.95 loss in Q1 2023.
Operating cash flow $98.3M, up 361% from $21.3M in Q1 2023.
Backlog $10.0B (+26% YoY); top award $243M healthcare project in CA.
Issued $400M of 11.875% senior notes due 2029; to redeem $500M 6.875% notes due 2025.
Reaffirms FY24 EPS guidance of $0.85-$1.10.

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 updated its the quarter ended March 31, 2024 guidance (reaffirmed).

Period: the quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 25, 2024 Tutor Perini Corporation issued a press release announcing its financial results for the quarter ended March 31, 2024. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000077543-24-000104

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