---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-25-000023"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:52:56.067933+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini reports record operating cash flow and backlog, but net loss in 2024

## Summary
- Record operating cash flow of $503.5M in 2024, up 63% Y/Y, enabled $477M debt reduction (52%) since end of 2023
- Record backlog of $18.7B as of Dec 31, 2024, up 84% Y/Y, driven by $12.8B in new awards including $3.76B Manhattan Jail
- Revenue grew 12% to $4.3B in 2024, but diluted loss per share was $3.13 due to charges from resolving legacy disputes
- Provides 2025 EPS guidance of $1.50-$1.90 and preliminary estimates for 2026/2027 earnings more than double that level
- Notable new awards include $1.66B City Center Guideway in Hawaii, $1.4B healthcare campus in California, and $1.13B Newark AirTrain

## SEC filing metadata
- accession: 0000077543-25-000023
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754325000023/0000077543-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754325000023/tpc-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-25-000023
- JSON: https://secwatch.observer/filing/0000077543-25-000023.json
- Plain text: https://secwatch.observer/filing/0000077543-25-000023.txt

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