Tutor Perini Reports Third Quarter 2019 Results
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Tutor Perini (TPC) Misses Q3 EPS by 25c, Revenues Miss; Lowers FY19 EPS Guidance Below Consensus
November 6, 2019 4:18 PM ESTTutor Perini (NYSE: TPC) reported Q3 EPS of $0.38, $0.25 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.3 billion.
Record quarterly operating cash generation of $222.9 millionCivil projects drove overall revenue growth, with 22% Y/Y growth for the Civil segmentBacklog remains strong at $10.9 billion, up 28% Y/Y; solid double-digit... More