---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-24-000217"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:39:06.356331+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini expects Q3 net loss due to adverse arbitration; record backlog $14B, strong cash flow

## Summary
- Q3 2024 net loss expected; ~$102M pre-tax charge from adverse arbitration ruling on CA bridge project plus ~$43M net charge from other settlements.
- Full-year 2024 operating cash flow guided to $425M-$575M, well above prior record of $308M in 2023.
- Plans to prepay $100M-$150M of Term Loan B by Dec 31, 2024, and additional $50M-$75M in Q1 2025.
- Record backlog of ~$14B as of Sep 30, 2024, up 35% from June 30, 2024, driven by new awards including $1.66B Honolulu project.
- Withdraws 2024 EPS guidance; expects return to profitability in 2025 with guidance in Feb 2025.

## SEC filing metadata
- accession: 0000077543-24-000217
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754324000217/0000077543-24-000217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754324000217/tpc-20241021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-24-000217
- JSON: https://secwatch.observer/filing/0000077543-24-000217.json
- Plain text: https://secwatch.observer/filing/0000077543-24-000217.txt

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