Tutor Perini Corp. (TPC) reported strong second quarter results on August 6, 2025, with earnings of $1.41 exceeding the Zacks Consensus Estimate of $0.29 by 386.2%. Revenue rose 22% year-over-year to $1.37 billion. The Civil and Building segments reported revenue increases of 34% and 11%, respectively, marking record revenue for both segments.
The company secured $3.1 billion in new awards in the same quarter, boosting its backlog to a record $21.1 billion, up 102% year-over-year. Notable projects included a $1.87 billion contract for the Midtown Bus Terminal Replacement in New York.
In light of these results, Tutor Perini raised its full year earnings guidance to a range of $3.65 to $3.95, up from a prior range of $2.45 to $2.80, projecting earnings growth of 186.9% year-over-year.
