Tutor Perini Q1 revenue rises 11% to $1.4 billion; diluted EPS falls to $0.48
Tutor Perini reported first quarter 2026 revenue of $1.4 billion, up 11% from a year earlier, and record operating cash flow of $146.9 million. Diluted EPS fell to $0.48 from $0.53, though adjusted EPS, which excludes share-based compensation, rose to $1.03 from $0.65, and the company affirmed its 2026 adjusted EPS guidance of $4.90 to $5.30.
Key points
- Revenue of $1.4 billion, up 11% year over year; income from construction operations of $59.2 million, down 9% from $65.3 million
- Diluted EPS of $0.48 versus $0.53 a year earlier; adjusted diluted EPS of $1.03 versus $0.65, with a $23.5 million increase in share-based compensation expense cited
- Backlog of $19.8 billion at March 31, 2026; 2026 adjusted EPS guidance of $4.90 to $5.30 affirmed
- Repurchased 277,578 shares for $20 million in the quarter under a $200 million program
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.