TUTOR PERINI Business Summary

Tutor Perini Corporation (NYSE: TPC) is a leading construction and engineering firm that generates revenue through diversified general contracting, construction management, and design-build services for public agencies and private clients. The company operates through three primary business segments: Civil, which focuses on heavy infrastructure like bridges, tunnels, and mass-transit; Building, specializing in large-scale vertical construction for healthcare, hospitality, and government sectors; and Specialty Contractors, providing mechanical, electrical, and plumbing (MEP) services. As of March 2026, the company is leveraging a record $20.6 billion backlog and reported fiscal 2025 revenue of $5.5 billion, driven by a strategic pivot toward high-margin mega-projects and increased federal infrastructure spending. TPC competes directly with industry giants such as AECOM, Fluor Corporation, Granite Construction, and Sterling Infrastructure, distinguishing itself through a high degree of self-performance and a dominant market share in complex, large-scale public works projects. The company’s modern identity was forged by the 2008 merger of Tutor-Saliba Corporation and Perini Corporation, a transaction led by industry icon Ronald N. Tutor. As of March 2026, the executive leadership team is headed by Gary G. Smalley, who serves as Chief Executive Officer and President following his transition from the CFO role in January 2025. He is supported by Ryan J. Soroka, Executive Vice President and CFO, and Kristiyan D. Assouri, EVP and Chief Legal Officer. Ronald N. Tutor remains a pivotal figure as Executive Chairman of the Board, providing strategic oversight through 2026. The company’s board includes notable industry veterans such as Peter Arkley of Alliant Insurance and Jigisha Desai, former CFO of Granite Construction. TPC maintains a strong institutional investor base, with major holdings by BlackRock and Vanguard, while Ronald Tutor continues to be a significant individual shareholder.