TUTOR PERINI CORP

Tutor Perini Corporation, trading as TPC on the New York Stock Exchange, is a leading construction company offering diversified general contracting, construction management, and design-build services to private customers and public agencies throughout the world. The company's investor website is located at http://investors.tutorperini.com. Tutor Perini was formed through the 2008 merger between Tutor-Saliba Corporation and Perini Corporation, with legacy operations dating back to 1894 when Perini's predecessor businesses began providing construction services.

The company operates through three reportable segments: Civil, Building, and Specialty Contractors. The Civil segment specializes in public works construction and infrastructure replacement across major U.S. geographic regions, including highways, bridges, tunnels, mass-transit systems, and water management facilities. The Building segment provides services to hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, and correctional markets. The Specialty Contractors segment specializes in electrical, mechanical, plumbing, HVAC, and fire protection systems for civil and building projects. As of December 31, 2025, the company had approximately 7,400 employees, including approximately 4,000 union workers, distributed across salaried and hourly positions.

During 2025, Tutor Perini performed work on approximately 1,600 construction projects. The company maintains a substantial backlog of approximately $20.6 billion as of December 31, 2025, with the Civil segment representing 49 percent, Building 36 percent, and Specialty Contractors 15 percent. Approximately 78 percent of backlog derives from state and local agencies, with 79 percent of backlog consisting of fixed-price contracts. The company has established vertical integration capabilities through acquisitions of electrical, mechanical, plumbing, and HVAC service providers, enabling greater self-performance of work and competitive advantages on large, complex projects. Revenue derived from federal, state, and local government customers represented 75 percent of total revenue in 2025. The company maintains principal offices throughout the United States and its territories, with significant operations concentrated in California and New York.