Tutor Perini Corp reported second-quarter 2026 results with revenue of $1.64B and diluted EPS of $1.23, driven by higher activity across its Civil, Building and Specialty segments and record operating cash flow year-to-date.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.64B$1.37B19.2% | Net income²$65.74M$19.97M229.1% | Diluted EPS³$1.23$0.38223.7% |
¹ Reported as “Revenue”. ² Reported as “Net Income Attributable To Tutor Perini Corporation”. ³ Reported as “Diluted Earnings Per Common Share”.
Business Highlights
- Revenue growth: Consolidated revenue rose 19.2% in Q2, with Q2 2026 the highest quarter on record; YTD revenue grew 15.5%.
- Segment performance: Strong execution across Civil, Building and Specialty segments; Civil remains approximately half of backlog.
- New awards: Won several large, long-duration projects including Guam military, New York detention and California healthcare work, expanding a large pipeline of design‑build opportunities.
- Operational milestones: Recorded highest income from construction operations in Q2 and record operating cash flow year-to-date.
- Outlook: Company cites a roughly $200B pipeline with many design‑build projects expected to ramp over the next 1–3 years.
Original SEC Filing:
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