Tutor Perini Q1 revenue up 19% to $1.25B, EPS $0.53 (+77%); raises 2025 EPS guidance

TUTOR PERINI CORP

2025-Q1 EPS reported $0.53 revenue$1,246,633,000

Revenue $1.25B (+19% YoY); diluted EPS $0.53 (+77% YoY); income from construction ops $65.3M (+34%).
Record backlog $19.4B (+94% YoY); secured $2.0B new awards including $1.18B Manhattan Tunnel project.
Reduced total debt by $128.5M (24%) via early Term Loan B payoff; operating cash flow $22.9M.
Raised 2025 EPS guidance to $1.60-$1.95 from $1.50-$1.90; expects 2026/27 EPS to double.

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