Tutor Perini launches $400M notes offering; preliminary Q1 EPS $0.27-$0.32

TUTOR PERINI CORP

Preliminary Q1 2024: revenue $1.025-1.075B, net income $14-17M, diluted EPS $0.27-0.32, cash from ops $96-100M.
Launches $400M senior notes due 2029; proceeds to redeem $500M of 6.875% Senior Notes due May 2025.
Total debt ~$800M, down ~$100M from Dec 2023; further reduction with redemption and new notes.
Credit amendment extends revolver maturity to 2027 (was Aug 2025), cuts revolver commitments $5M to $170M.
Amendment effective on or around settlement of notes offering; void if not effective by May 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TUTOR PERINI CORP reported the fiscal quarter ended, and as of, March 31, 2024 results: revenue Revenue in the range of approximately $1.025 billion to $1.075 billion, net income Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million, EPS Diluted EPS in the range of approximately $0.27 per share to $0.32 per share.

Period: the fiscal quarter ended, and as of, March 31, 2024
Revenue: Revenue in the range of approximately $1.025 billion to $1.075 billion
Net income: Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million
EPS: Diluted EPS in the range of approximately $0.27 per share to $0.32 per share
Result: preliminary results

Exact text from the filing

The Company has not yet completed preparation of financial statements for the fiscal quarter ended March 31, 2024, but based on preliminary data available to it, it is providing the following preliminary estimates: • Revenue in the range of approximately $1.025 billion to $1.075 billion; • Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million; • Diluted EPS in the range of approximately $0.27 per share to $0.32 per share;

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

TUTOR PERINI CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-095551

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.