1. Tutor Perini awarded a $34M project in Jordan, Minnesota. 2. Project includes constructing four bridges and 14 retaining walls. 3. Work begins in May 2025, substantial completion expected by November 2027. 4. Contract value boosts the company’s backlog for Q2 2025. 5. Tutor Perini maintains strong reputation in complex project execution.
The substantial contract enhances TPC's backlog, indicating strong future revenue growth potential. Historically, similar contract announcements have positively influenced stock prices for construction companies.
The awarded project significantly impacts TPC's operational capacity and future earnings, making it a crucial development for investors.
Completion expected in November 2027 indicates a long-term revenue enhancement, with cash flow benefits likely over several years. Similar large projects have positively shaped long-term forecasts for construction firms.
BLACK RIVER FALLS, Wis.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been awarded a project valued at approximately $34 million to construct four bridges and 14 cast-in-place retaining walls along Highway 169 in Jordan, Minnesota.
Work on this project began in May 2025 with substantial completion anticipated in November 2027. The contract value has been added to the Company’s backlog in the second quarter of 2025.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.