Tutor Perini Reports Strong Third Quarter 2020 Results
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Tutor Perini (TPC) Tops Q3 EPS by 7c, Revenues Beat; Offers FY20 EPS Guidance
November 4, 2020 4:25 PM ESTTutor Perini (NYSE: TPC) reported Q3 EPS of $0.72, $0.07 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.33 billion.
Revenue of $1.4 billion, up 21% Y/Y and the highest quarterly result in more than ten years, driven by double-digit growth across all segmentsIncome from construction operations of $83.0 million, up 73% Y/Y and the highest Q3 result since the merger in 2008Diluted earnings per share (EPS) of $0.72, nearly doubled Y/YOperating cash flow of $72.7 million (and... More