Tutor Perini (TPC) Q4 Revenue Misses Consensus

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Go back to Tutor Perini (TPC) Q4 Revenue Misses Consensus

Tutor Perini Reports Fourth Quarter and Full Year 2022 Results

March 15, 2023 4:17 PM EDT

Strong full-year operating cash flow of $207.0 million in 2022, the largest result for any year since the merger between Tutor-Saliba Corporation and Perini Corporation in 2008 Backlog of $7.9 billion provides good revenue visibility; significant pending new projects with contract awards expected in 2023 that could exceed $3 billion in the aggregate Implemented business strategy changes in 2022 to expedite dispute resolutions and cash collections for Specialty Contractors segment projects in New York and improve the segments future operational performance

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