Tutor Perini (TPC) Investor presentation summary

Company overview and market position

• Leading diversified general contractor with over 130 years of experience and 7,400 employees worldwide.

• Operations span all 50 U.S. states and select international markets, including Guam and the Indo-Pacific.

• Strong track record in large, complex infrastructure projects, including mass transit, bridges, tunnels, and military facilities.

• Civil segment is the primary driver of profitability, with a focus on high-margin, large-scale projects.

• Vertical integration across civil, building, and specialty contracting provides a competitive advantage.

Financial performance and outlook

• Achieved record Q2 and 1H 2026 revenue and operating income, driven by large, higher-margin projects.

• Q2-26 revenue reached $1.64B, with operating income of $117.7M and GAAP EPS of $1.23.

• Backlog at Q2-26 stands at $19.9B, with 50% in the Civil segment and 73% from government customers.

• Raised 2026 adjusted EPS guidance to $5.15–$5.45, reflecting strong project pipeline and execution.

• Record operating cash flow in 1H 2026 at $334M, with a strong balance sheet and net cash position.

Segment highlights

• Civil segment backlog of $9.8B, with margins expected at 12–15% in 2026; major new awards in mass transit and military projects.

• Building segment backlog of $7.0B, focused on healthcare and detention facilities, with margins of 3–6%.

• Specialty Contractors segment backlog of $3.0B, returned to profitability with expected margins of 5–8%.

• Integrated capabilities enable greater control over project delivery, cost, and risk management.