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

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

Tutor Perini Reports Second Quarter 2020 Results

July 29, 2020 4:15 PM EDT

Strong operating cash flow of $92.2 million, the highest second-quarter result since the merger in 2008 Revenue of $1.3 billion in Q2-20, up 13% Y/Y, driven by 20% Y/Y growth on Civil segment projects Double-digit revenue growth YTD across all segments despite COVID-19 impacts Diluted earnings per share (EPS) of $0.37 in Q2-20, vastly improved Y/Y Backlog remains robust at $10.0 billion with several large Civil segment projects bidding in the second half of 2020 Affirming 2020 EPS guidance of $1.80 to $2.10

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini... More