Tutor Perini Reports First Quarter 2020 Results
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Tutor Perini (TPC) Tops Q1 EPS by 28c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Above Consensus
May 6, 2020 4:47 PM EDTTutor Perini (NYSE: TPC) reported Q1 EPS of $0.34, $0.28 better than the analyst estimate of $0.06. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.03 billion.
Revenue of $1.3 billion, up 30% Y/Y, driven by the ramp-up of large infrastructure projectsStrongest first-quarter revenue growth in the past 8 yearsDiluted earnings per share (EPS) of $0.34, the highest first-quarter EPS in the past 10 yearsBacklog remains healthy at $10.6 billion, with several large civil projects bidding later this yearAffirming 2020 EPS guidance of $1.80 to... More