Tutor Perini

Black Construction-Tutor Perini Joint Venture Awarded $74.4 Million Child Development Center at Andersen Air Force Base, Guam

Retrieved on: 
Mercoledì, Maggio 29, 2024
Commercial Building & Real Estate, Construction & Property, HVAC, REIT, Public Policy, Government, Building Systems, Manufacturing, White House, Federal Government, Other Construction & Property, Residential Building & Real Estate, Telecommunications, Child development, Child, Tutor Perini, TPC, Lighting, Natural Resources, Ventilation, Water

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with the Company, has been awarded a contract valued at approximately $74.4 million by the U.S.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with the Company, has been awarded a contract valued at approximately $74.4 million by the U.S.
  • Naval Facilities Engineering Systems Command, Pacific District for a Child Development Center at Andersen Air Force Base, Guam.
  • The scope of work includes construction of a Child Development Center facility with privately owned vehicle parking.
  • The facility will feature a single-story, reinforced concrete building consisting of child development spaces, core administration, staff support, facility support spaces, outdoor storage and activity spaces and incidental related work.

Tutor Perini Building Corp. Awarded $228.6 Million Terminal Connectors Project at Fort Lauderdale-Hollywood International Airport

Retrieved on: 
Mercoledì, Maggio 22, 2024
Commercial Building & Real Estate, Construction & Property, Air, Transport, Public Policy, Government, Building Systems, Transportation, State, Local, Travel, Fort Lauderdale–Hollywood International Airport, County, Tutor Perini, TPC, Fortification, Multimedia, FLL

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Tutor Perini Building Corp., has been awarded a contract valued at approximately $228.6 million by the Broward County Board of County Commissioners for the Terminal Connectors Project at Fort Lauderdale-Hollywood International Airport (FLL).

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Tutor Perini Building Corp., has been awarded a contract valued at approximately $228.6 million by the Broward County Board of County Commissioners for the Terminal Connectors Project at Fort Lauderdale-Hollywood International Airport (FLL).
  • The scope of work includes construction of enclosed post-security walkways between Terminals 1 and 2 and Terminals 2 and 3.
  • The project also includes modifications to existing terminals, such as enhanced security checkpoints, an upgraded bag hall, an expanded passenger gate-area hold room, and more retail concessions.
  • The contract value will be included in the Company’s backlog beginning in the second quarter of 2024.

Tutor Perini Completes Redemption of $500 Million of Senior Notes

Retrieved on: 
Giovedì, Maggio 2, 2024
Building Systems, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Debt-to-GDP ratio, Goldman Sachs, Tutor Perini, TPC, Hand, Note, Tutoring

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has completed the redemption of $500 million aggregate principal amount of the Company’s 6.875% Senior Notes due May 1, 2025 (the “2025 Notes”).

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has completed the redemption of $500 million aggregate principal amount of the Company’s 6.875% Senior Notes due May 1, 2025 (the “2025 Notes”).
  • The Company funded the payment for the redemption of the 2025 Notes with the net proceeds of its previously announced offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029, together with cash on hand.
  • Tutor Perini’s President, Gary Smalley, commented, “We are pleased with the significant progress we have made in reducing our debt by nearly $200 million since the end of last year and in the successful completion of our recent refinancing.
  • We remain committed to de-leveraging and will continue to use our excess cash for that purpose over the near term.”
    The refinancing transaction was led by Goldman Sachs & Co. LLC.

Tutor Perini Reports First Quarter 2024 Results

Retrieved on: 
Giovedì, Aprile 25, 2024
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Internet, TPC, Building, Hand, Webcast, United States Navy, Tutor Perini, Environment, EPS, Term loan, Growth, Video game

Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the first quarter of 2024.

Key Points: 
  • Tutor Perini Corporation (the “Company”) (NYSE: TPC), a leading civil, building and specialty construction company, reported results today for the first quarter of 2024.
  • The operating cash flow for the first quarter of 2024 was the Company's second-highest result of any first quarter since the 2008 merger between Tutor-Saliba Corporation and Perini Corporation.
  • The Building and Civil segments were the primary contributors to the new award activity in the first quarter of 2024.
  • The Company will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the first quarter 2024 results.

Black Construction Awarded Three Projects in Diego Garcia Totaling $54.5 Million

Retrieved on: 
Giovedì, Aprile 25, 2024
Construction & Property, Other Defense, Contracts, Military, Public Policy, Government, Building Systems, White House, Federal Government, Other Construction & Property, Defense, Tutor Perini, TPC, Road

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with Mace International, has been awarded the following projects, collectively valued at approximately $54.5 million, by the U.S.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with Mace International, has been awarded the following projects, collectively valued at approximately $54.5 million, by the U.S.
  • Repairs to Incinerator Building, F-5007 – This contract, valued at $6,497,101, provides for the removal and replacement of the existing incinerator building and associated utility systems.
  • Work is anticipated to begin this spring with substantial competition expected in the spring of 2026.
  • Work is anticipated to begin this spring with substantial competition expected in the spring of 2025.

Roy Anderson Corp Awarded $72.7 Million Hangar 3 Project at Pensacola International Airport

Retrieved on: 
Mercoledì, Aprile 24, 2024
Public Policy, Government, State, Local, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Urban Planning, Titan, Project Titan, Tutor Perini, Pensacola International Airport, TPC, City

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a contract valued at approximately $72.7 million by the City of Pensacola, Florida, for Hangar 3 of Project Titan at Pensacola International Airport.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a contract valued at approximately $72.7 million by the City of Pensacola, Florida, for Hangar 3 of Project Titan at Pensacola International Airport.
  • The scope of work includes the design and construction of a new pre-engineered metal building hangar with a central shop and perimeter office and support areas, as well as construction of a new 300 space asphalt parking lot.
  • Design work has commenced, and construction is expected to begin in August 2024 with substantial completion anticipated in the summer of 2026.
  • The contract value was included in the Company’s backlog beginning in the first quarter of 2024.

Tutor Perini Announces Conference Call to Discuss First Quarter 2024 Results

Retrieved on: 
Giovedì, Aprile 18, 2024
Commercial Building & Real Estate, Construction & Property, HVAC, Building Systems, Engineering, Urban Planning, Other Construction & Property, Manufacturing, Tutor Perini, Internet, Webcast, CFO, TPC, Senior

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the Company's first quarter 2024 results.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, April 25, 2024, to discuss the Company's first quarter 2024 results.
  • Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO; Gary Smalley, President; and Ryan Soroka, Senior Vice President and CFO.
  • The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com .
  • For those unable to participate during the live call, the webcast will be available for replay shortly after the call on Tutor Perini's website.

Tutor Perini Prices $400 Million of Senior Notes

Retrieved on: 
Mercoledì, Aprile 17, 2024
Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Debt-to-GDP ratio, Sale, Tutor Perini, TPC, Investment, Person, Note, Regulation, Security (finance)

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering.
  • The sale of the Notes is expected to be completed on or about April 22, 2024.
  • The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.
  • Any offers of the Notes and related guarantees will be made only by means of a private offering circular.

Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes

Retrieved on: 
Lunedì, Aprile 15, 2024
Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Debt-to-GDP ratio, Sale, TPC, Investment, Hand, Tutor Perini, Regulation, Credit, Person, Note, Security (finance)

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering.
  • The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.
  • The offering, amount and terms of the notes are subject to market conditions.
  • Any offers of the notes and related guarantees will be made only by means of a private offering circular.

Lunda Construction Announces Apparent Low Bid for a $136 Million I-64 Bridge and Highway Project

Retrieved on: 
Martedì, Marzo 19, 2024
Other Construction & Property, Construction & Property, Urban Planning, TPC, Tutor Perini, Wabash River, I-64, Transport

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 recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million.

Key Points: 
  • 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 recently identified by the Illinois Department of Transportation as the apparent low bidder for a bridge replacement and highway improvement project valued at approximately $136 million.
  • The project is located on I-64, east of US‑1 near Grayville, Illinois.
  • The project crosses the Wabash River, which divides the roadway jurisdiction between White County, Illinois, west of the river, and Posey County, Indiana, east of the river.
  • The project scope of work includes replacement of the existing dual bridges over the Wabash River, as well as roadway improvements to connect the existing I-64 roadway to the new bridge structures.