TP
TPC
TPC What Tutor Perini promised, and what happened
Guidance
What management said, and what became of it
12 of 12 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Senior notes refinancing | refinance around midyear 2026 targeting 400-500 basis points of interest savings (a '6 handle' coupon) | Dec 2025 | we replaced our 11.875% senior notes with $400 million of new senior notes at a coupon rate of 6.625%, a 525 basis point reduction, and extended the notes' maturity by 4 years from 2029 to 2033 | Achieved |
| FY26 adjusted EPS guidance | $4.90 to $5.30 | Dec 2025 | we are raising our 2026 adjusted EPS guidance to the range of $5.15 to $5.45 per share, up from the previous range of $4.90 to $5.30 | Revised Up |
| Near-term cash collection from a specific legacy dispute settlement | approximately $40 million | Dec 2025 | Our cash flow this quarter was largely driven by collections from newer and ongoing projects, reflecting a significant increase in project execution and improved working capital management with only an immaterial amount attributable to the resolution of disputes | Pending |
The full ledger
Open Tutor Perini’s full ledger
A free account opens 5 company ledgers a month. All 28 tracked commitments, with each call’s wording and source.
The rest of the ledger
Pro opens all 28 tracked commitments for Tutor Perini
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.