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Stock impact report

Tutor Perini Reports Fourth Quarter and Full Year 2024 Results

Tutor Perini Corporation (TPC) 
Last tutor perini corporation earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Record operating cash flow of $503.5 million in 2024, up 63% Y/YSuccessfully accelerated debt reduction, reducing total debt by $477 million, or 52%, from the end of 2023 through February 27, 2025, including the full payoff of the Term Loan BRecord backlog of $18.7 billion as of December 31, 2024, up 84% Y/Y, driven by $12.8 billion of new awards and contract adjustments in 2024; New awards continue strong in early 2025Revenue of $4.3 billion in 2024, up 12% Y/YCompany’s considerable progress in resolving many of its largest legacy disputes generated significant operating cash flow in 2024; however, these resolutions also resulted in net charges that drove a diluted loss of $3.13 per share in 2024Provides 2025 guidance, including double-digit revenue growth and EPS range of $1.50 to $1.90Preliminary estimates point to significantly stronger earnings in 2026 and 2027 that are more than double the EPS guidance for 2025 LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (the “Comp Show less Read more
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