Tutor Perini’s first quarter results for 2025 were met with a positive market reaction, as the company reported broad-based growth in revenue and profitability. Management attributed the strong performance to increased execution on newer, higher-margin projects, especially in the Civil segment, as well as disciplined project selection and operational improvements. CEO Gary Smalley highlighted, “Our business is performing well and I’m pleased to report that it was a clean first quarter with solid project execution and no material project adjustments even for dispute resolutions.”

Is now the time to buy TPC? Find out in our full research report (it’s free).

While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.

Our Top 5 Analyst Questions Tutor Perini’s Q1 Earnings Call

• Steven Fisher (UBS) asked about the absence of dispute-related earnings impact in Q1; CEO Gary Smalley clarified that while settlements progressed, financial effects will be reflected in later quarters.
• Fisher (UBS) also inquired about the transition of preconstruction projects to construction; Smalley explained that project timing is largely procedural, with no significant client hesitancy and stable cost trends observed.
• Adam Thalhimer (Thompson Davis) questioned long-term margin assumptions and earnings guidance; Smalley detailed expectations for higher margins in Civil and Building segments as complex, higher-margin work ramps up.
• Thalhimer (Thompson Davis) sought clarity on potential capital return; Smalley said dividend or buyback discussions are ongoing but contingent on further cash accumulation.
• Liam Burke (B. Riley Securities) asked about regulatory changes and project planning speed; Executive Chairman Ron Tutor noted no acceleration in planning due to regulation, with the challenge being managing existing backlog rather than pursuing more volume.

Catalysts in Upcoming Quarters

In upcoming quarters, our analysts will closely track (1) the pace at which major projects transition from preconstruction to active build phases, (2) further increases or stability in backlog as new awards are secured, and (3) progress toward resolving and collecting on outstanding dispute settlements. Execution against these milestones will indicate Tutor Perini’s ability to sustain growth and deliver on its guidance.

Tutor Perini currently trades at $47.99, up from $23.63 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it’s free).

Our Favorite Stocks Right Now

Donald Trump’s victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs.

While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.