Street Calls of the Week
FRAMINGHAM, Mass. - Tutor Perini Corporation (NYSE:TPC), a construction services company with a market capitalization of $3.39 billion, announced Tuesday that its subsidiary, Perini Management Services, has been awarded a $41.9 million contract by the National Park Service to repair utility systems in the Glen Canyon National Recreation Area in Arizona. The company’s stock is currently trading near its 52-week high at $63.88, reflecting strong market confidence. InvestingPro data shows the company has achieved an impressive 168% return over the past year.
The project involves comprehensive upgrades to wastewater infrastructure serving the Wahweap and Lone Rock developed areas. Work will include cured-in-place pipe lining, repairs to existing sanitary sewer infrastructure, upgrades to septic systems, manholes, and lift stations, and replacement of the Glen Canyon Bridge force main.
Additional improvements include installing backup generators for lift stations and modernizing the Supervisory Control and Data Acquisition system, including local upgrades and enhancements to the park-wide radio communication network.
The upgraded systems will be designed to meet or exceed regulatory standards established by the Arizona and Utah Departments of Environmental Quality and applicable state regulations.
Construction has already begun, with substantial completion expected in the fall of 2027.
According to the company’s press release statement, the project aims to replace outdated components with modern materials and equipment to ensure long-term reliability and environmental compliance.
Tutor Perini Corporation provides civil, building, and specialty construction services globally and has been in the construction business since 1894. With annual revenue of $4.77 billion, the company continues to secure significant contracts while maintaining a strong market position.
In other recent news, Tutor Perini Corporation has reported impressive financial results for the second quarter of 2025. The company exceeded earnings expectations with an adjusted earnings per share (EPS) of $1.41, compared to the forecasted $0.34. Additionally, Tutor Perini’s revenue reached $1.37 billion, surpassing the anticipated $1.2 billion. These results highlight the company’s strong financial performance in the recent quarter. In a separate development, Tutor Perini, in a joint venture with Black Construction, secured a $181.8 million contract for a defense system project in Guam. This task order, awarded by the Naval Facilities Engineering Systems Command Pacific, includes the construction of the Guam Defense System - Enhanced Integrated Air and Missile Defense Phase 1 project. The contract also has two additional options that could increase its total value by $12.1 million if exercised. These recent developments underscore Tutor Perini’s active engagement in both financial growth and strategic projects.
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