Tutor Perini (TPC) Q2 2026 Earnings Call Transcript

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DATE

Aug. 12, 2026 astatine 5:00 p.m. ET

CALL PARTICIPANTS

• Senior Vice President of Investor Relations - Jorge Casado

• Chief Executive Officer and President - Gary Smalley

• Executive Vice President and Chief Financial Officer - Ryan Soroka

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Full Conference Call Transcript

Operator: Good day, ladies and gentlemen, and invited to the Tutor Perini Corporation 2nd 4th 2026 net league call. My sanction is Rochelle and I volition beryllium your coordinator for today. All participants are presently successful a listen-only mode. Following management's prepared remarks, we volition beryllium opening the telephone for a question and reply session. As a reminder, this league is being recorded for replay purposes. If you would similar to inquire a question astatine that time, delight property prima 1 connected your telephone keypad. A confirmation code volition bespeak your enactment is successful the question queue. You whitethorn property prima 2 to region yourself from the queue.

For participants utilizing talker equipment, it whitethorn beryllium indispensable to prime up the handset earlier pressing the prima keys. I volition present crook the league implicit to your big for today, Mr. Jorge Casado, Senior Vice President of Investor Relations. Please proceed.

Jorge Casado: Hello, everyone, convey you for joining us. With america contiguous are Gary Smalley, CEO and President, and Ryan Soroka, Executive Vice President and CFO. Before we sermon our results, I'll punctual everyone that during this call, we volition beryllium making forward-looking statements, which are based connected management's existent appraisal of existing trends and information. There is an inherent hazard that our existent results could disagree materially. You tin find our disclosures astir hazard factors that could lend to specified differences successful our Form 10-Q, which we are filing today, and successful our Form 10-K, which was filed connected February 26, 2026.

The institution assumes nary work to update forward-looking statements, whether owed to caller information, aboriginal events, oregon otherwise, different than arsenic required by law. During today's call, absorption volition beryllium referring to definite non-GAAP fiscal measures. You tin find accusation and a reconciliation of these non-GAAP fiscal measures successful our net merchandise and successful our Form 10-Q, some of which tin beryllium recovered successful the investors conception of our website. Thank you. With that, I'll crook implicit the telephone to Gary Smalley.

Gary Smalley: Thanks, Jorge. Hello, everyone, convey you for joining us. We had an fantabulous 2nd quarter, delivering precise beardown results, highlighted by grounds gross and operating income, grounds operating currency travel of $334 cardinal for the archetypal fractional of 2026, and meaningfully and sequentially improved operating margins crossed each segments. Our grounds currency travel truthful acold this twelvemonth has been driven by higher measurement and coagulated execution and collections connected assorted ample projects that are precise profitable. Our 2nd 4th gross accrued 19% year-over-year to $1.6 billion, driven by contributions from projects that are successful the precise aboriginal stages with important scope of enactment remaining.