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Tutor Perini (TPC) guidance and outlook
Tutor Perini (TPC) raised its guidance on Nov 4, 2026: EPS $5.90–$6.10 for FY2026. Tutor Perini's 10-Q filed Nov 4, 2026 makes 47 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EPS | FY2026 | $5.90–$6.10 | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- • Unfavorable outcomes of existing or future litigation or dispute resolution proceedings against us or customers (project owners, developers, general contractors, etc.), subcontractors or suppliers, as well as failure to promptly recover significant working capital invested in projects subject to such matters;
- • Contract requirements to perform extra work beyond the initial project scope, which has and in the future could result in disputes or claims and adversely affect our working capital, profits and cash flows;
- • Client cancellations of, delays in, or reductions in scope under contracts reported in our backlog, as well as prospective project opportunities, including as a result of government-related mandates;
- • Public health crises, such as COVID-19, have adversely impacted, and could in the future adversely impact, our business, financial condition and results of operations by, among other things, delaying the timing of project bids and/or awards and the timing of dispute resolutions and associated collections;
- • We cannot guarantee the timing, amount, or payment of dividends on our common stock or that we will repurchase our common stock pursuant to our stock repurchase program;
- The Company experienced strong double-digit growth across all three segments in the third quarter and through the first nine months of 2026 compared to the same periods last year, primarily driven by increased project execution activities on certain newer, larger and higher-margin projects that have significant scope of work remaining.
- As discussed further in Liquidity and Capital Resources below , as of July 2, 2026, the Company completed the refinancing of its 2024 Senior Notes and entered into an amendment and restatement of its existing revolving credit facility, which, among other things, extended debt maturities, is expected to significantly reduce future interest expense, more than doubled the size of its available revolving credit…
- In the third quarter of 2026, the Company settled its obligations under its defined benefit pension plan to eliminate future cash contributions and associated ongoing administrative expenses.
- The Company expects a significant number of large opportunities to bid in 2027, all of which are well aligned with the Company's disciplined bidding strategy and preferred contractual and margin characteristics.
- The Company has been successful in winning its share of major new project opportunities over the past several years due to a combination of its strategic bidding approach and favorable market dynamics, including limited competition in select markets for some of the larger projects.
- The Company expects that this environment will continue for the foreseeable future.
- The quality of the Company’s backlog remains exceptional and includes several higher-margin, long-duration projects with favorable contractual terms and substantial scope of work remaining.
Tutor Perini's latest quarter
Tutor Perini, Q3 2026: revenue $1.7B (+22% year over year), operating margin 7.3%, net earnings $20.7M, operating cash flow $331M. The chart follows the revenue to costs, profit and cash.
Questions
Did Tutor Perini raise or lower its guidance?
Tutor Perini (TPC) raised its guidance on Nov 4, 2026: EPS $5.90–$6.10 for FY2026.
What does Tutor Perini expect?
• Unfavorable outcomes of existing or future litigation or dispute resolution proceedings against us or customers (project owners, developers, general contractors, etc.), subcontractors or suppliers, as well as failure to promptly recover significant working capital invested in projects subject to such matters; • Contract requirements to perform extra work beyond the initial project scope, which has and in the future could result in disputes or claims and adversely affect our working capital, profits and cash flows; • Client cancellations of, delays in, or reductions in scope under contracts r
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.