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April 25, 2014
08:32 EDTTPCTutor Perini unit announces three task orders valued up to $76M
Tutor Perini announced that its subsidiary, Perini Management Services received three task orders for federal projects. PMSI received a $34.9M task order under a National Park Service contract for repairs to several buildings on Ellis Island in New York Harbor. PMSI will be replacing the mechanical and electrical systems that were destroyed by Hurricane Sandy, as well as providing temporary cooling and heating to enhance park visitors’ comfort while the restoration work is underway. PMSI’s team for this project includes F&G Mechanical of Secaucus, New Jersey; Turnpike Electric of Pine Brook, New Jersey; and C&S Building Services of Farmingdale, New York. PMSI received a $13M design-build task order from the U.S. Department of State under a competitive award program to purchase and install Hardened Alternative Trailer System units at the U.S. Embassy in Beirut, Lebanon. There is potential for award of several options under this contract for an additional $9M as funds become available. PMSI received a new task order under a U.S. Coast Guard National Multiple Award Construction Contract. The $19.5M project is for the design and construction of 10 duplex housing units at the Coast Guard base on Kodiak Island in the Gulf of Alaska. The combined value of these task orders will be included in the company’s reported first-quarter backlog
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November 15, 2015
14:13 EDTTPCTutor Perini re-evaluating prior FY15 EPS guidance of $1.90-$2.10
Tutor Perini remarked in its Q3 earnings report that it is "re-evaluating its prior 2015 diluted EPS guidance in light of the litigation-related charge, the year-to-date results and the outlook for the remainder of the year." Prior FY15 EPS guidance was $1.90-$2.10, consensus $1.79. Backs FY15 revenue $5B-$5.5B, consensus $5.19B. Note that the "litigation-related charge" resulted in a 28c per share negative impact to Q3 EPS.
14:08 EDTTPCTutor Perini reports Q3 adjusted EPS 68c, consensus 78c
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