TUTOR PERINI CORP
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
TPC$97.43+2.9%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements:
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands, except per common share amounts) | 2025 | 2024 | 2025 | 2024 |
| REVENUE | $1,415,360 | $1,082,816 | $4,035,674 | $3,259,273 |
| COST OF OPERATIONS | (1,245,965) | (1,108,644) | (3,535,883) | (3,052,773) |
| GROSS PROFIT (LOSS) | 169,395 | (25,828) | 499,791 | 206,500 |
| General and administrative expenses | (129,301) | (80,979) | (317,942) | (224,008) |
| INCOME (LOSS) FROM CONSTRUCTION OPERATIONS | 40,094 | (106,807) | 181,849 | (17,508) |
| Other income, net | 7,457 | 4,487 | 18,349 | 15,636 |
| Interest expense | (13,549) | (21,223) | (41,489) | (63,614) |
| INCOME (LOSS) BEFORE INCOME TAXES | 34,002 | (123,543) | 158,709 | (65,486) |
| Income tax (expense) benefit | (15,154) | 33,941 | (50,026) | 19,355 |
| NET INCOME (LOSS) | 18,848 | (89,602) | 108,683 | (46,131) |
| LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 15,217 | 11,260 | 57,080 | 38,159 |
| NET INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION | $3,631 | $(100,862) | $51,603 | $(84,290) |
| BASIC EARNINGS (LOSS) PER COMMON SHARE | $0.07 | $(1.92) | $0.98 | $(1.61) |
| DILUTED EARNINGS (LOSS) PER COMMON SHARE | $0.07 | $(1.92) | $0.97 | $(1.61) |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING: | ||||
| BASIC | 52,743 | 52,408 | 52,669 | 52,276 |
| DILUTED | 53,664 | 52,408 | 53,290 | 52,276 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| NET INCOME (LOSS) | $18,848 | $(89,602) | $108,683 | $(46,131) |
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: | ||||
| Defined benefit pension plan adjustments | 307 | 207 | 898 | 849 |
| Foreign currency translation adjustments | (1,257) | 854 | 1,556 | (776) |
| Unrealized gain in fair value of investments | 682 | 3,858 | 2,816 | 3,747 |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | (268) | 4,919 | 5,270 | 3,820 |
| COMPREHENSIVE INCOME (LOSS) | 18,580 | (84,683) | 113,953 | (42,311) |
| LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 14,643 | 11,937 | 58,300 | 38,176 |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TUTOR PERINI CORPORATION | $3,937 | $(96,620) | $55,653 | $(80,487) |
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