Tutor Perini Q2 Earnings Beat, Raises Full-Year EPS Guidance

Earnings
โดย StockStory·US·Read original
Summary · why it matters

Tutor Perini reported second-quarter revenue of $1.64 billion, beating analyst estimates of $1.57 billion, and adjusted EPS of $1.74 versus the $1.26 consensus. Management raised full-year adjusted EPS guidance to $5.30 at the midpoint, a 3.9% increase, citing higher volumes and improved execution on large-scale projects. Operating margin rose to 7.2% from 5.6% a year earlier, while backlog stood at $19.86 billion, down 5.9% year over year. CEO Gary Smalley attributed stronger Civil and Building segment margins to the ramp-up of nine recently awarded mega projects, and noted staff expansion to capture a $4.6 billion bid pipeline in the Indo-Pacific region.

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