Tutor Perini Reports Second Quarter 2020 Results

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Go back to Tutor Perini Reports Second Quarter 2020 Results

Tutor Perini (TPC) Misses Q2 EPS by 4c, Revenues Beat; Affirming FY20 EPS Guidance

July 29, 2020 4:33 PM EDT

Tutor Perini (NYSE: TPC) reported Q2 EPS of $0.37, $0.04 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.24 billion.

Strong operating cash flow of $92.2 million, the highest second-quarter result since the merger in 2008Revenue of $1.3 billion in Q2-20, up 13% Y/Y, driven by 20% Y/Y growth on Civil segment projectsDouble-digit revenue growth YTD across all segments despite COVID-19 impactsDiluted earnings per share (EPS) of $0.37 in Q2-20, vastly improved Y/YBacklog remains robust at $10.0 billion with several large... More