Comparing the current results to its competitors, Tutor Perini reported Revenue increase in the 1 quarter 2026 by 11.41 % year on year. The revenue growth was below Tutor Perini's competitors' average revenue growth of 17.64 %, achieved in the same quarter.
Tutor Perini's Comment on Competition and Industry Peers
The company operates in the Civil segment, competing primarily with large civil construction firms such as FlatironDragados USA, Kiewit Corporation, Lane Construction Corporation, OHL USA, Skanska USA, and The Walsh Group. In the Building segment, its competitors include national and regional contractors like AECOM (including its former acquisitions Tishman Construction and Hunt Construction Group), Balfour Beatty Construction, Clark Construction Group, DPR Construction, Gilbane, Inc., Hensel Phelps Construction Co., McCarthy Building Companies, Inc., M. A. Mortenson Company, PCL Constructors, Inc., Skanska USA, Suffolk Construction, Swinerton, Inc., Turner Construction Company, and The Whiting-Turner Contracting Co.
Overall company revenue, increased less, than total company revenues, at 11.41 % and lost market share, to approximately 3.88 %. << More on TPC Market Share.
*Market share is calculated based on total revenue.
November 20, 2024
In a significant move to fortify its financial standing, Tutor Perini Corporation (NYSE: TPC), a distinguished leader in the civil, building, and specialty construction sectors, has strategically reduced its debt by pre-paying an additional $100 million of its Term Loan B liability. This recent financial maneuver, coupled with a $50 million pre-payment announced in the company s earnings release on November 6, 2024, highlights Tutor Perini s commitment to strengthening its balance sheet. Altogether, the company has successfully deleveraged by $150 million over the past month, underscoring its robust financial strategy.As of this writing, Tutor Perini s share price stands at an impressive $28.36. The companyâ...
October 8, 2024
Honolulu’s $1.66 Billion City Center Project: A Strategic Step for Tutor Perini Amid Revenue Growth and Competition Tutor Perini Corporation, a prominent name in the civil, building, and specialty construction sectors, has officially announced their involvement in the City Center Guideway and Stations Project in Honolulu, Hawaii. With a significant contract valued at approximately $1.66 billion, the Los Angeles-headquartered firm has received the green light to commence the design and construction phases. This development signifies a strategic advancement for Tutor Perini amidst a mixed financial landscape marked by revenue growth, competitive challenges, and a shifting market share. Breaking Down the Proj...
October 3, 2024
In a significant stride toward enhancing healthcare infrastructure in Northeast Harris County, Texas, Fisk Electric Company, a subsidiary of Tutor Perini Corporation (NYSE: TPC), has been awarded the first phase of an extensive electrical contract valued at approximately $147 million. The initial phase, estimated at around $29 million, has been granted by McCarthy Building Companies, Inc. as part of the construction of a new Harris Health hospital, strategically located on the Lyndon B. Johnson Freeway. This project represents a critical investment in the region s healthcare capacity, aiming to provide advanced medical services to a growing population. The collaboration between Fisk Electric and McCarthy Bui...
August 16, 2024
Tutor Perini Secures $1.66 Billion City Center Guideway and Stations Project in Honolulu Amid Competitive Market Dynamics Los Angeles - Tutor Perini Corporation (NYSE: TPC), a leading entity in civil, building, and specialty construction, has been awarded a monumental contract valued at approximately $1.66 billion by the Honolulu Authority for Rapid Transportation (HART). This substantial project is set to shape the infrastructure landscape of Honolulu, Hawaii, and marks a significant milestone for Tutor Perini in its strive to remain a frontrunner in the construction industry. Details of the City Center Guideway and Stations Project The contract, which is expected to be officially executed in mid-Septembe...
July 23, 2024
Elevate Inglewood Partners Named Best Value Proposer for Inglewood Transit Connector ProjectLOS ANGELES - Elevate Inglewood Partners (EIP), a consortium consisting of Plenary Americas US Holdings, Inc., Tutor Perini Corporation, Parsons Corporation, Woojin Industrial Systems Co., Ltd., and Alternate Concepts, Inc., has been selected as the best value proposer for the Inglewood Transit Connector Project. This significant achievement cements EIP s position as a promising player in the construction and transportation industry.The Inglewood Transit Connector Project aims to enhance transportation infrastructure and connectivity in the Inglewood region. With a vision to create a state-of-the-art transit network, ...
May 22, 2024
LOS ANGELES Tutor Perini Corporation (NYSE: TPC), a renowned name in civil, building, and specialty construction, has fortified its impressive portfolio with a new achievement. Its subsidiary, Tutor Perini Building Corp., has been awarded a significant contract valued at approximately $228.6 million. This contract, sanctioned by the Broward County Board of County Commissioners, focuses on the Terminal Connectors Project at Fort Lauderdale-Hollywood International Airport (FLL).The project encompasses the construction of enclosed post-security walkways, aimed at enhancing the passenger experience through improved connectivity between terminals. This project not only underscores Tutor Perini s expanding footp...
March 19, 2024
Lunda Construction, a subsidiary of Tutor Perini Corporation, has emerged as the apparent low bidder for a significant infrastructure project, further solidifying its position as a leader in the construction industry. The Illinois Department of Transportation has selected Lunda Construction for a bridge replacement and highway improvement project on I-64, near Grayville, Illinois, with a total value of approximately $136 million.This latest contract award highlights Lunda Construction s expertise in delivering high-quality and cost-effective solutions for large-scale projects. The company s commitment to efficiency and innovation has made them a preferred choice for government entities seeking reliable partn...
February 6, 2024
Tutor Perini Corporation, a renowned civil, building, and specialty construction company, has announced that its subsidiary, Five Star Electric, has been awarded a significant contract by the New York Metropolitan Transportation Authority (MTA) Construction and Development. Valued at approximately $67 million, Five Star Electric will be responsible for the systems installation and integration of the Connection-Oriented Ethernet, Phase 3C project. This article explores the details of the project and analyzes Tutor Perini s recent financial performance in comparison to its competitors.Five Star Electric s Contract Scope:The awarded project entails a comprehensive scope of work that centers on the replacement a...
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KBR Inc is a global engineering and construction company that operates in several segments including government services, technology, energy, and infrastructure. They provide a wide range of services such as project management, engineering design, procurement, and construction management. KBR Inc focuses on delivering innovative and sustainable solutions to their clients across various sectors worldwide.
Parsons Corporation operates as an engineering, construction, technical, and management services firm primarily serving governments, organizations, and private industries worldwide. They provide diverse solutions ranging from infrastructure development, defense and security services, to intelligence and environmental support. By leveraging their expertise and utilizing advanced technologies, they aim to deliver innovative and sustainable solutions tailored to their clients' needs.
Quanta Services Inc operates as a premier provider of specialized contracting services, primarily serving the energy, utility, and communications sectors. Their business model centers on delivering a wide array of solutions, including infrastructure development, design, installation, repair, and maintenance, accommodating both large-scale projects and targeted, specialized initiatives.
Sources:
Tutor Perini Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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