secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000077543-24-000199
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini Q2 revenue up 10% to $1.1B, net income turns positive; backlog $10.4B
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- Revenue $1.1B (+10% YoY); net income $0.8M ($0.02 EPS) vs net loss $37.5M ($0.72 loss) in Q2 2023.
- Operating cash flow $53.1M in Q2; $151.4M in H1 2024 (second-highest H1 since 2008).
- Backlog $10.4B (up from $10.0B at Q1 2024); new awards include $1.3B bridge in CT, $216M airport project in FL.
- Affirms 2024 EPS guidance range of $0.85 to $1.10.
- Results impacted by $14.3M higher share-based comp (stock price rise) and $12.4M unfavorable settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754324000199/0000077543-24-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754324000199/tpc-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000077543-24-000199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer