Tutor Perini Secures $253 Million Contract with UC Davis Health
Tutor Perini announced that its subsidiary, Rudolph and Sletten, has been awarded a contract by UC Davis Health for the Central Utility Plant Expansion at its healthcare campus in Sacramento, California. The project scope of work includes construction of a new two-story, 32,000-square-foot CUP Annex Building, which will include plant operations and hospital operators support space and expansion of normal and emergency power services, including three 3MW generators. The project will also renovate the existing Campus Central Plant, including upgrades of existing chilled and hot water systems, reconfiguration of electrical infrastructure, fuel oil system capacity expansion, upgrades of industrial controls, and renovations to the existing control room and administrative spaces. Work is already underway with substantial completion anticipated in the fall of 2027. The project's current contract value is approximately $253M, which includes $108M that was added to the company's backlog in the fourth quarter of 2025.
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Tutor Perini (TPC) Initiates $0.06 Quarterly Dividend Amid Record Cash Flow and Share Repurchase
- Dividend Initiation: Tutor Perini announced a $0.06 quarterly dividend starting November 18, 2025, with the first payment on December 23, 2025, marking a significant turnaround after three years of net losses, as the company expects to report a profit of $4.10 per share for 2025.
- Cash Flow Innovation: By Q3 2025, Tutor Perini achieved record year-to-date operating cash flow of $574.4 million, supported by a historic backlog of $21.6 billion, indicating robust business recovery and future growth potential.
- Share Repurchase Program: The company also announced a $200 million share repurchase program aimed at enhancing earnings per share by reducing the number of outstanding shares, thereby boosting investor confidence and driving stock price appreciation.
- Enhanced Industry Position: As one of the largest general contractors in the U.S., Tutor Perini's dividend policy not only attracts momentum investors but may also provide greater market share and capital inflow in the highly competitive construction industry.

Tutor Perini Secures $53 Million Design Change Order for Honolulu Rail Project
- Project Expansion: Tutor Perini has been awarded a design change order valued at approximately $53 million, authorizing design work for the City Center Guideway and Stations Project in Honolulu, which extends the existing rail line to connect Kakaʻako and Ala Moana.
- Potential Funding Upside: The total contract value could increase significantly if the Honolulu Authority for Rapid Transportation secures additional funding and decides to proceed with construction towards Ala Moana, positioning the company for further work.
- Transit Improvement Initiative: This project is part of Honolulu's broader rail transit development aimed at enhancing connectivity between urban neighborhoods and major commercial areas, thereby improving overall transportation efficiency.
- Company Background: Founded in 1894, Tutor Perini is a diversified civil, building, and specialty construction company recognized for delivering large, complex projects while adhering to strict safety and quality standards, providing general contracting and design-build services to public agencies and private customers worldwide.









