Highest-materiality recent filing
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.
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.
Max materiality 0.90 · Median 0.70 · Most common event earnings