Tutor Perini’s Fisk Electric awarded $24M data center project

Tutor Perini's subsidiary Fisk Electric won a $24M contract for a Houston data center, boosting its Specialty Contractors segment. The contract will be added to backlog in Q3 2026. GuruFocus values TPC at $37.11, 140% below its current $89.06, with a GF Score of 69/100. Insiders sold $218.9M in shares over 12 months.

Tutor Perini's Perini Management Services and Skanska won U.S. Coast Guard contracts worth $315M and $271M, respectively. Perini will build a fuel pier in Alaska, while Skanska will replace a homeport pier in Rhode Island. Both projects began recently and are expected to complete by 2030.

Tutor Perini's subsidiary, Perini Management Services, secured a $315M contract from the U.S. Coast Guard to construct a fuel pier at Base Kodiak, Alaska. The project is an accelerated design-build-to-budget initiative.

Tutor Perini's subsidiary won a $315M contract from the U.S. Coast Guard for a fuel pier in Alaska, with work starting in late September 2023 and completion by September 2030. The contract will be included in the company's backlog for Q3 2026.

Tutor Perini's subsidiary PMSI won a $315M contract to build a fuel pier at USCG Base Kodiak, Alaska. The project is set for completion by September 2030 and will be added to Q3 2026 backlog. According to the company, this aligns with its strategy of securing large, complex infrastructure projects.

Tutor Perini Corp. subsidiaries secured two contracts totaling $88.2M. Black Construction won a $45.2M Guam bridge reconstruction project, while Perini Management Services received a $43M U.S. Coast Guard facility improvement contract. Both projects are expected to complete in early 2029 and will be included in the company's Q3 backlog, which stood at $19.9B as of June 30, 2023.