Tutor Perini: Fewer Disputes, More Profits On The Horizon
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Tutor Perini is focusing on resolving disputes and securing higher-margin contracts to achieve profitability by 2025. Despite a Q3-2024 net loss due to arbitration decisions, the company reported record operating cash flow and has a $14 billion backlog, indicating potential for strong revenue and earnings growth.
December 21, 2024 | 6:45 am
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Tutor Perini is working towards profitability by 2025 through resolving disputes and securing higher-margin contracts. The company reported a Q3-2024 net loss due to arbitration decisions but achieved record operating cash flow and has a $14 billion backlog.
Tutor Perini's focus on resolving disputes and securing higher-margin contracts is a strategic move to improve profitability. The record operating cash flow and substantial backlog indicate potential for revenue and earnings growth, despite the recent net loss.
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