Tutor Perini Reports Record Third Quarter 2026 Financial Results; Raises 2026 Adjusted EPS Guidance
Business Wire•04/11/2026•16:15 ET
0
Key Highlights
- ➤Q3 revenue $1.7 billion, up 22% year over year
- ➤Q3 income from construction operations $125.4 million, up 213% year over year
- ➤Q3 adjusted EPS $1.83, up 59% year over year
- ➤2026 adjusted EPS guidance raised to $5.90-$6.10 from $5.15-$5.45
- ➤Backlog $20.4 billion after approximately $2.2 billion of Q3 awards
Expert Statements
Gary Smalley, Chief Executive Officer and President of Tutor Perini
“Tutor Perini delivered another quarter of excellent results, highlighted by record operating cash flow, revenue, operating income and earnings, as well as solid operating margins across all segments. Our results demonstrated the continued momentum in our business, as well as the significant earnings and cash flow potential embedded in our near-record backlog. As a result of our record performance and continued favorable outlook, we are raising our full-year 2026 adjusted EPS guidance to $5.90 to $6.10,”
Gary Smalley, Chief Executive Officer and President of Tutor Perini
“Our $20.4 billion backlog and massive $200 billion-plus bid pipeline provide substantial visibility into future revenue, earnings and cash flow. Given our record financial performance, strong growth outlook, and current market valuation, we firmly believe that Tutor Perini continues to represent a very compelling value investment opportunity,”
Tutor Perini Reports Record Third Quarter 2026 Financial Results; Raises 2026 Adjusted EPS Guidance
* Record operating cash flow of $330.9 million and $665.1 million for the third quarter and first nine months of 2026, up 14% and 16% Y/Y, respectively
Get started
Create a free account to read the full story.