Highest-materiality recent filing
Tutor Perini EVP Civil West William Jensen to retire Sept 4, 2026
William E. Jensen, Executive Vice President - Civil West, notified company of retirement on Aug 11, 2026.
Tutor Perini Q2 2026: record revenue $1.6B, EPS $1.23, raises guidance, dividend up 50%
Record revenue $1.6B (+19% YoY); income from construction ops $117.7M (+54% YoY).
Tutor Perini issues $400M 6.625% notes due 2033, redeems 11.875% 2029 notes, amends credit facility
Issued $400M 6.625% notes due 2033; proceeds used to redeem $400M 11.875% 2029 notes at 108.906%.
Tutor Perini proposes $400M notes offering, expands credit facility to $350M
Private offering of $400M senior notes due 2033; proceeds plus cash to redeem $400M of 11.875% notes due 2029.
Tutor Perini approves deferred comp plan; shareholders reelect all directors
New deferred compensation plan allows named executives to defer salary, bonuses, cash-settled RSUs and PSUs.
Tutor Perini Q1 revenue $1.4B (+11% YoY); adj EPS $1.03 vs $0.65; FY26 guidance affirmed
Record Q1 operating cash flow of $146.9M, up 542% YoY; revenue $1.4B, up 11% YoY.
Tutor Perini reports record FY2025 revenue $5.5B, EPS $1.51 vs loss, guides adj EPS $4.90-$5.30
Revenue of $5.5B in FY2025, up 28% YoY; income from construction ops $232M vs loss of $103.8M in 2024.
Tutor Perini declares $0.06 quarterly dividend and $200M share repurchase authorization
Initiates quarterly cash dividend of $0.06 per share; payable Dec 23, 2025 to holders of record Dec 9, 2025.
Tutor Perini Q3 2025 revenue $1.42B (+31% YoY); raises 2025 adjusted EPS guidance to $4.00-$4.20
Revenue $1.42B (+31% YoY); income from construction ops $40.1M vs loss $106.8M.
Tutor Perini Q2 revenue $1.37B (+22% YoY), backlog $21.1B; raises 2025 EPS guidance
Revenue $1.37B (+22% YoY); income from construction ops $76.4M (+89%).
Tutor Perini grants EVP Ariqat $2.5M in additional 2027 equity awards
On June 19, 2025, Tutor Perini entered a letter agreement with EVP Ghassan M. Ariqat.
Say-on-pay failed: 12,992,948 for, 28,316,141 against, 1,114,264 abstain.
Tutor Perini Q1 revenue up 19% to $1.25B, EPS $0.53 (+77%); raises 2025 EPS guidance
Revenue $1.25B (+19% YoY); diluted EPS $0.53 (+77% YoY); income from construction ops $65.3M (+34%).
Tutor Perini enters severance agreements with three named executives providing 150% of base+bonus
Agreements with Ghassan Ariqat (EVP Building/Specialty), Kristiyan Assouri (EVP, Chief Legal Officer), and Ryan Soroka (EVP/CFO).
Tutor Perini reports record operating cash flow and backlog, but net loss in 2024
Record operating cash flow of $503.5M in 2024, up 63% Y/Y, enabled $477M debt reduction (52%) since end of 2023
Tutor Perini pre-pays additional $75M Term Loan B; total deleveraging $430M in 12 months
Prepaid an additional $75M of its Term Loan B debt on January 21, 2025.
Tutor Perini appoints Gary Smalley as CEO; Ronald Tutor becomes Executive Chairman
Gary Smalley appointed CEO effective Jan 1, 2025; Ronald Tutor transitions to Executive Chairman.
Tutor Perini pre-pays additional $100M on Term Loan B; target exceeded
Voluntary paydown of $100M on Term Loan B, reducing principal to ~$123M.
Tutor Perini Q3 net loss $100.9M ($1.92/share) on $152M charges; record backlog $14B
Revenue $1.1B, up slightly YoY; net loss $100.9M ($1.92 diluted EPS) vs loss $36.9M ($0.71) in Q3 2023.
Tutor Perini expects Q3 net loss due to adverse arbitration; record backlog $14B, strong cash flow
Q3 2024 net loss expected; ~$102M pre-tax charge from adverse arbitration ruling on CA bridge project plus ~$43M net charge from other settlements.
Tutor Perini Q2 revenue up 10% to $1.1B, net income turns positive; backlog $10.4B
Revenue $1.1B (+10% YoY); net income $0.8M ($0.02 EPS) vs net loss $37.5M ($0.72 loss) in Q2 2023.
Tutor Perini signs separation pact with former EVP Civil Group Smithson
Severance of $1.05M (14 months salary) paid in equal monthly installments over seven months.
Tutor Perini EVP Civil Group Michael Smithson departs effective June 21, 2024
Michael F. Smithson, Executive Vice President, Civil Group, left the company effective June 21, 2024.
Shareholders approve majority voting; advisory compensation vote fails
Shareholders adopted majority voting standard for uncontested director elections, effective May 22, 2024.
Tutor Perini Q1 revenue up 35% to $1.05B, EPS $0.30; reaffirms FY24 guidance
Revenue $1.05B (+35% YoY); diluted EPS $0.30 vs -$0.95 loss in Q1 2023.
Tutor Perini issues $400M 11.875% notes due 2029 to refinance $500M 2025 notes
Issued $400M aggregate principal of 11.875% Senior Notes due 2029 at 97.710% issue price.
Tutor Perini launches $400M notes offering; preliminary Q1 EPS $0.27-$0.32
Preliminary Q1 2024: revenue $1.025-1.075B, net income $14-17M, diluted EPS $0.27-0.32, cash from ops $96-100M.
Michael R. Klein to retire from board at end of term at 2024 Annual Meeting, will not stand for re-election.
Full-year revenue $3.9B, flat YoY; net loss $171.2M ($3.30 diluted loss) vs $210.0M loss in 2022.
Amended 2020 Credit Agreement: spring-forward maturity for 89.8% of $368.2M Term Loan B extended to Apr 21, 2025 from Jan 30, 2025.
Tutor Perini appoints Gary Smalley President, to become CEO Jan 1, 2025; Ryan Soroka named CFO
Gary Smalley appointed President effective Nov 15, 2023; plans to succeed Ronald Tutor as CEO on Jan 1, 2025.
Tutor Perini Q3 net loss widens to $36.9M; cash flow surges, backlog up 28% to $10.6B
Net loss of $36.9M ($0.71 diluted loss per share) vs $32.5M loss YoY; loss from construction ops $12.6M.
Tutor Perini awards EVP Ghassan Ariqat $650K special bonus for performance
Compensation Committee awarded EVP Ghassan Ariqat a special cash bonus of $650,000 on August 9, 2023.
Tutor Perini Q2 revenue $1.02B (+19% YoY); net loss narrows to $37.5M; backlog $10.9B
Revenue $1.02B, up 19% from $861M in Q2 2022; income from construction ops $2.4M vs loss $90.6M.
Wendy Hallgren leaves as EVP & General Counsel; $1.45M separation; board member dies
Wendy Hallgren transitioned out as EVP & General Counsel effective June 30, 2023; will consult through Dec 31, 2023 at $75,000/month.
Tutor Perini shareholders vote against executive compensation; 27.2M votes against
Say-on-pay proposal failed: 11.8M for, 27.2M against, 7.2M broker non-votes.
Tutor Perini Q1 net loss widens to $49.2M; withdraws FY 2023 EPS guidance
Revenue $776.3M vs $952.2M YoY; net loss $0.95/share vs $0.42 loss/share YoY.
Tutor Perini expects $84M charge from adverse appeals court ruling on GW Bridge bus station project
Second Circuit affirmed denial of TPBC's third-party beneficiary rights under lease agreement.
Tutor Perini posts $210M net loss for 2022; revenue down 18% to $3.8B
Net loss of $210M ($4.09 diluted loss per share) vs net income of $91.9M ($1.79) in 2021.
Tutor Perini amends bylaws to tighten stockholder nomination and proposal rules
Adopted Amended and Restated By-Laws effective March 8, 2023, with enhanced procedural and disclosure requirements.
Tutor Perini expects $43M charge from adverse appellate court ruling on NY project
Non-cash pre-tax charge of ~$43M in Q4 2022 from adverse appellate court decision on a 2012 NY transportation project.
Tutor Perini Q3 net loss $32.5M vs prior year profit; revenue down to $1.1B
Net loss $32.5M ($0.63 loss per diluted share) vs net income $15.4M ($0.30 EPS) in Q3 2021.
Tutor Perini CEO Ronald Tutor adds President role as Jack Frost retires
Jack Frost to retire June 30, 2023; steps down as President & COO on Sept 30, 2022.
Tutor Perini reports Q2 net loss of $63M, withdraws 2022 guidance; backlog up 14% to $8.5B
Revenue $0.9B (down from $1.2B YoY); net loss $63M ($1.23/sh) vs net income $31.2M ($0.61/sh) in Q2 2021.
Tutor Perini shareholders reject advisory say-on-pay; all 10 directors elected
Say-on-pay failed: 12.7M for vs 27.5M against; 6.1M broker non-votes.
Tutor Perini Q1 net loss $0.42/sh; revenue down to $1.0B; record operating cash flow $120.7M
Net loss attributable to company of $21.6M ($0.42 loss per diluted share) vs net income $16.0M ($0.31 EPS) YoY.
Tutor Perini 2021 EPS $1.79; 2022 guidance $1.15-$1.60 on lower margin mix
Full-year 2021 revenue $4.6B, down 13% YoY; net income $91.9M vs $108.4M.
Tutor Perini director James Frost resigns; Jigisha Desai elected to board
James A. Frost resigned from the Board effective Dec 16, 2021; remains President and COO.
Tutor Perini Q3 EPS $0.30 vs $0.72; revenue down to $1.2B; backlog rises to $8.4B
Diluted EPS of $0.30 vs $0.72 in Q3 2020; net income $15.4M vs $36.8M.
Tutor Perini extends CEO Ron Tutor's contract to 2026 with enhanced comp and transition bonuses
CEO Ron Tutor's employment extended through Dec 31, 2026; CEO period ends Dec 31, 2024, then Executive Chairman.
Mr. Smalley succeeds Ronald N. Tutor, who transitioned to the role of Executive Chairman of the Board effective January 1, 2025.
In connection with Mr. Smalley’s appointment as CEO, the Board increased the size of the Board from nine to ten members and appointed Mr. Smalley to the Board, effective January 1, 2025.
On January 2, 2025, Tutor Perini Corporation (the “Company”) announced that its Board of Directors (the “Board”) has appointed Gary G. Smalley, the Company’s current President, to the position of Chief Executive Officer (“CEO”), effective January 1, 2025.
Tutor Perini Corporation (the “Company”) and Michael F. Smithson, the Company’s former Executive Vice President, Civil Group, have entered into a Separation Agreement, dated July 25, 2024 (the “Separation Agreement”) in connection with Mr. Smithson’s previously disclosed departure from the Company on June 21, 2024.
Michael F. Smithson, Executive Vice President, Civil Group, left the Company effective June 21, 2024.
On March 13, 2024, Michael R. Klein, the Lead Independent Director and a long-standing member of the Board of Directors (the “Board”) of Tutor Perini Corporation (the “Company”), informed the Company of his decision to retire from the Board at the end of his term
Effective March 13, 2024, the Company appointed Henry Dieu, the Company’s Vice President and Chief Accounting Officer, as the Company’s Principal Accounting Officer.
the appointment of Ryan J. Soroka to the positions of Senior Vice President and Chief Financial Officer (in addition to his current role as Chief Accounting Officer), effective November 15, 2023.
the Board has appointed Gary G. Smalley to the position of President, effective November 15, 2023.
The Company plans for Mr. Smalley to succeed Ronald N. Tutor as Chief Executive Officer of the Company effective January 1, 2025, with Mr. Tutor transitioning to the role of Executive Chairman of the Company’s Board at that time
with Mr. Tutor transitioning to the role of Executive Chairman of the Company’s Board at that time
Tutor Perini Corporation (the “Company”) announced that effective June 30, 2023, Wendy A. Hallgren will transition out of her role as the Company’s Executive Vice President & General Counsel and an employee pursuant to a Transition Services and Separation Agreement, dated as of June 30, 2023 (the “Transition Agreement”).
Max materiality 0.90 · Median 0.70 · Most common event earnings