Tutor Perini (TPC) Investor Presentation summary

Company overview and market position

• Leading provider of diversified general contracting, design-build, and self-perform construction services for public and private clients, with over 130 years of project execution and approximately 7,500 employees worldwide.

• Operations span all 50 U.S. states and select international markets, including Guam, the Philippines, Canada, the UK, and Uruguay.

• Well positioned to benefit from increased U.S. infrastructure spending, especially from the $1.2T Bipartisan Infrastructure Law.

Segment performance and backlog

• Civil segment is the largest and most profitable, with $2.7B in revenue and $10.5B in Q3-25 backlog, focusing on mass transit, military, detention, bridges, and highways.

• Building segment generated $1.7B in revenue and a record $7.9B backlog, specializing in healthcare, hospitality, detention, and education projects.

• Specialty Contractors segment reported $0.7B in revenue and a record $3.2B backlog, with strong electrical and mechanical capabilities.

• Total Q3-25 backlog reached a record $21.6B, up 54% year-over-year, with 49% from Civil, 36% from Building, and 15% from Specialty Contractors.

Financial highlights and guidance

• Q3-25 revenue was $1.42B (+30.7% YoY), with operating income of $40.1M (up from a loss), and operating margin of 2.8%.

• Nine months YTD25 revenue was $4.04B (+23.8% YoY), with operating income of $181.8M and operating margin of 4.5%.

• Adjusted EPS for Q3-25 was $1.15 (up from a loss), and $3.22 for nine months YTD25.

• Operating cash flow for nine months YTD25 was $574.4M (+230.2% YoY).

• FY25 Adjusted EPS guidance increased to $4.00–$4.20, with expectations for higher revenue and earnings in 2026 and beyond.