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Tutor Perini posts $21.6B backlog, buoyed by infrastructure spending [Yahoo! Finance]

Tutor Perini Corporation (TPC) 
Last tutor perini corporation earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Dive Brief: Tutor Perini racked up $2 billion in new awards and contract adjustments in the third quarter and its existing jobs remain on track despite President Donald Trump's threats to pull funding from major infrastructure builds, the company said on an earnings call Wednesday. The firm's backlog swelled to $21.6 billion, an increase of 54% from the same period in 2024 and a company record. CEO and President Gary Smalley said existing and upcoming work wasn't threatened by the macroeconomic or policy environment. “We still do not anticipate that tariffs will have a significant impact on our business,” Smalley said. “We also do not currently foresee the risk of any of our major projects and backlog being canceled, delayed, defunded or otherwise materially impacted by the administration's targeted funding cuts or by the recent federal government shutdown.” Dive Insight: Smalley said that included its work on the first phase of the California High-Speed Rail job and its pr Show less Read more
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