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Recent Updates — TPC

August 14, 2026View Source ↗

On August 11, 2026, William E. Jensen, Executive Vice President - Civil West, notified Tutor Perini Corporation of his decision to retire effective September 4, 2026. The company thanked Mr. Jensen for his service. This is a material executive departure involving a named senior officer. Tutor Perini Corporation operates in the construction industry, specializing in civil and building infrastructure projects.

August 5, 2026View Source ↗

Tutor Perini Corporation reported record second-quarter 2026 financial results, with revenue reaching $1.6 billion, a 19% year-over-year increase, and diluted earnings per share rising to $1.23 from $0.38 in the prior year period. The company raised its full-year 2026 adjusted EPS guidance to a range of $5.15 to $5.45, up from the previous estimate of $4.90 to $5.30, citing strong operating performance and higher-margin project contributions. Additionally, the Board of Directors increased the quarterly cash dividend by 50% to $0.09 per share, payable on September 3, 2026, to shareholders of record as of August 19, 2026. The firm maintains a near-record backlog of $19.9 billion and generated record first-half operating cash flow of $334.1 million. Tutor Perini Corporation is a leading civil, building, and specialty construction company providing general contracting and design-build services.

July 6, 2026View Source ↗

Tutor Perini Corporation completed the offering and sale of $400 million in 6.625% Senior Notes due 2033, using the proceeds to redeem $400 million of 11.875% Senior Notes due 2029. The company also amended and restated its credit agreement with BMO Bank N.A. to extend the maturity of its revolving credit facility to 2031 and increase commitments to $350 million. Tutor Perini Corporation is a construction and infrastructure management company.

June 22, 2026View Source ↗

Tutor Perini Corporation announced on June 22, 2026, a proposed private offering of $400 million in senior notes due 2033 to redeem $400 million of its 11.875% Senior Notes due 2029. Simultaneously, the company expects to amend and restate its existing credit agreement to extend the maturity of its revolving credit facility and increase its commitments from $170.0 million to $350.0 million. Tutor Perini Corporation is a construction and infrastructure services company.