Tutor Perini Subsidiary Wins Sutter Health Contract for New Medical Facility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Source: Newsfilter
- Contract Awarded: Tutor Perini's subsidiary, Rudolph and Sletten, has been awarded a contract by Sutter Health to convert the existing 660 J Street office building into a new approximately 120,000 square-foot ambulatory surgical center, addressing the growing demand for advanced orthopedic and sports medicine services and enhancing the company's market position in healthcare construction.
- Facility Enhancements: The new facility will feature five operating rooms, physical therapy spaces, and research areas, significantly improving patient access and experience while ensuring compliance with current seismic standards through substantial structural upgrades, thereby enhancing safety and functionality.
- Construction Timeline: Pre-construction work commenced in spring 2025, and the project has recently entered the construction phase, with substantial completion anticipated in fall 2027, ensuring timely delivery to meet Sutter Health's operational needs and further solidifying the company's competitive advantage in the healthcare construction sector.
- Financial Implications: The undisclosed contract value has been reflected in the company's backlog at the end of Q1 2026, indicating ongoing growth potential in large healthcare projects and boosting investor confidence in the company's future performance.
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Analyst Views on TPC
Wall Street analysts forecast TPC stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 74.880
Low
86.00
Averages
90.50
High
95.00
Current: 74.880
Low
86.00
Averages
90.50
High
95.00
About TPC
Tutor Perini Corporation is a civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. Its Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure. The contracting services provided by the Civil segment include construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, and others. Its Building segment is engaged in providing services for private and public works customers in several specialized building markets, including hospitality and gaming, transportation, commercial offices, and government facilities, among others. Its Specialty Contractors segment specializes in electrical, mechanical, plumbing, HVAC and fire protection systems for a full range of civil and building construction projects in the industrial, commercial, hospitality and gaming, and mass-transit end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tutor Perini Secures $61.6 Million USCG Contract for Child Development Center
- Contract Value: Tutor Perini's subsidiary, Perini Management Services, Inc., has been awarded a contract valued at approximately $61.6 million by the U.S. Coast Guard for the design and construction of a Child Development Center at USCG Base Kodiak, showcasing the company's strong competitive position in public sector projects.
- Project Scope: The Child Development Center will cover approximately 34,000 square feet and includes site development, utility installations, outdoor play areas, and parking facilities, indicating the company's comprehensive capabilities in managing large-scale, multifaceted projects.
- Construction Timeline: Work is expected to commence in May 2026, with substantial completion anticipated in January 2029, reflecting the company's expertise in project management and scheduling, which enhances its market reputation.
- Future Outlook: The contract value will be added to the company's backlog in the second quarter of 2026, further strengthening its financial stability and growth potential, demonstrating its ongoing momentum in the construction industry.
See More
Tutor Perini Secures $61.6 Million Contract from U.S. Coast Guard
- Significant Contract Value: Tutor Perini's subsidiary, Perini Management Services, has been awarded a $61.6 million contract by the U.S. Coast Guard to design and build a child development center at Coast Guard Base Kodiak in Alaska, indicating strong demand for the company in the public works sector.
- Large Project Scope: The project encompasses the construction of a roughly 34,000-square-foot facility with a capacity for 232 children, along with site development, utility installations, parking facilities, and outdoor play areas, which is expected to significantly enhance community service capabilities in the area.
- Construction Timeline: Construction is slated to begin in May 2026 and reach substantial completion by January 2029, providing the company with a stable revenue stream and enhancing its competitiveness for future projects.
- Impact on Performance: The contract value will be added to the company’s backlog in the second quarter of 2026, further solidifying Tutor Perini's financial foundation and supporting its long-term growth objectives.
See More
Tutor Perini Subsidiary Wins Sutter Health Contract for New Medical Facility
- Contract Awarded: Tutor Perini's subsidiary, Rudolph and Sletten, has been awarded a contract by Sutter Health to convert the existing 660 J Street office building into a new approximately 120,000 square-foot ambulatory surgical center, addressing the growing demand for advanced orthopedic and sports medicine services and enhancing the company's market position in healthcare construction.
- Facility Enhancements: The new facility will feature five operating rooms, physical therapy spaces, and research areas, significantly improving patient access and experience while ensuring compliance with current seismic standards through substantial structural upgrades, thereby enhancing safety and functionality.
- Construction Timeline: Pre-construction work commenced in spring 2025, and the project has recently entered the construction phase, with substantial completion anticipated in fall 2027, ensuring timely delivery to meet Sutter Health's operational needs and further solidifying the company's competitive advantage in the healthcare construction sector.
- Financial Implications: The undisclosed contract value has been reflected in the company's backlog at the end of Q1 2026, indicating ongoing growth potential in large healthcare projects and boosting investor confidence in the company's future performance.
See More
Tutor Perini Reports Strong Q1 2026 Earnings with Record Cash Flow
- Record Cash Flow: Tutor Perini achieved a record operating cash flow of $147 million in Q1 2026, representing a 542% year-over-year increase, which not only underscores the company's robust financial health but also provides a solid foundation for future investments and shareholder returns.
- Significant Revenue Growth: The company reported Q1 revenue of $1.4 billion, an 11% year-over-year increase, although slightly below analysts' expectations of $1.433 billion, yet it still demonstrates strong market demand and operational execution, which is expected to drive future profit growth.
- Strong Backlog: Tutor Perini's backlog stood at $19.8 billion at the end of Q1, down from $20.6 billion in the previous quarter, but it still reflects the company's competitiveness in securing large projects and maintaining market share stability.
- Shareholder Return Plans: The company plans to continue opportunistic share buybacks, having repurchased approximately 278,000 shares for $20 million, and declared a quarterly dividend of $0.06 per share, indicating a commitment to shareholder value and confidence in future growth.
See More
Tutor Perini (TPC) Q1 2026 Earnings Transcript
See More
Tutor Perini to Host Q1 2026 Earnings Call
- Earnings Call Announcement: Tutor Perini Corporation will host a conference call on May 6, 2026, at 2:00 PM Pacific Time to discuss its Q1 2026 results, reflecting the company's commitment to transparency and investor communication.
- Executive Participation: The call will feature CEO Gary Smalley, CFO Ryan Soroka, and Executive Chairman Ronald Tutor, ensuring that investors receive insights directly from top management regarding the company's performance and strategy.
- Earnings Release Timing: The company plans to issue its earnings announcement after market close on the same day, indicating its intention to provide the latest financial data prior to the call, allowing investors to better understand the company's performance.
- Webcast and Replay Availability: The conference call will be webcast live, accessible to all interested parties on Tutor Perini's website, with a replay available shortly after the call, enhancing information accessibility and transparency for stakeholders.
See More
Tutor Perini Secures $61.6 Million USCG Contract for Child Development Center
- Contract Value: Tutor Perini's subsidiary, Perini Management Services, Inc., has been awarded a contract valued at approximately $61.6 million by the U.S. Coast Guard for the design and construction of a Child Development Center at USCG Base Kodiak, showcasing the company's strong competitive position in public sector projects.
- Project Scope: The Child Development Center will cover approximately 34,000 square feet and includes site development, utility installations, outdoor play areas, and parking facilities, indicating the company's comprehensive capabilities in managing large-scale, multifaceted projects.
- Construction Timeline: Work is expected to commence in May 2026, with substantial completion anticipated in January 2029, reflecting the company's expertise in project management and scheduling, which enhances its market reputation.
- Future Outlook: The contract value will be added to the company's backlog in the second quarter of 2026, further strengthening its financial stability and growth potential, demonstrating its ongoing momentum in the construction industry.
See More
Tutor Perini Secures $61.6 Million Contract from U.S. Coast Guard
- Significant Contract Value: Tutor Perini's subsidiary, Perini Management Services, has been awarded a $61.6 million contract by the U.S. Coast Guard to design and build a child development center at Coast Guard Base Kodiak in Alaska, indicating strong demand for the company in the public works sector.
- Large Project Scope: The project encompasses the construction of a roughly 34,000-square-foot facility with a capacity for 232 children, along with site development, utility installations, parking facilities, and outdoor play areas, which is expected to significantly enhance community service capabilities in the area.
- Construction Timeline: Construction is slated to begin in May 2026 and reach substantial completion by January 2029, providing the company with a stable revenue stream and enhancing its competitiveness for future projects.
- Impact on Performance: The contract value will be added to the company’s backlog in the second quarter of 2026, further solidifying Tutor Perini's financial foundation and supporting its long-term growth objectives.
See More
Tutor Perini Subsidiary Wins Sutter Health Contract for New Medical Facility
- Contract Awarded: Tutor Perini's subsidiary, Rudolph and Sletten, has been awarded a contract by Sutter Health to convert the existing 660 J Street office building into a new approximately 120,000 square-foot ambulatory surgical center, addressing the growing demand for advanced orthopedic and sports medicine services and enhancing the company's market position in healthcare construction.
- Facility Enhancements: The new facility will feature five operating rooms, physical therapy spaces, and research areas, significantly improving patient access and experience while ensuring compliance with current seismic standards through substantial structural upgrades, thereby enhancing safety and functionality.
- Construction Timeline: Pre-construction work commenced in spring 2025, and the project has recently entered the construction phase, with substantial completion anticipated in fall 2027, ensuring timely delivery to meet Sutter Health's operational needs and further solidifying the company's competitive advantage in the healthcare construction sector.
- Financial Implications: The undisclosed contract value has been reflected in the company's backlog at the end of Q1 2026, indicating ongoing growth potential in large healthcare projects and boosting investor confidence in the company's future performance.
See More
Tutor Perini Reports Strong Q1 2026 Earnings with Record Cash Flow
- Record Cash Flow: Tutor Perini achieved a record operating cash flow of $147 million in Q1 2026, representing a 542% year-over-year increase, which not only underscores the company's robust financial health but also provides a solid foundation for future investments and shareholder returns.
- Significant Revenue Growth: The company reported Q1 revenue of $1.4 billion, an 11% year-over-year increase, although slightly below analysts' expectations of $1.433 billion, yet it still demonstrates strong market demand and operational execution, which is expected to drive future profit growth.
- Strong Backlog: Tutor Perini's backlog stood at $19.8 billion at the end of Q1, down from $20.6 billion in the previous quarter, but it still reflects the company's competitiveness in securing large projects and maintaining market share stability.
- Shareholder Return Plans: The company plans to continue opportunistic share buybacks, having repurchased approximately 278,000 shares for $20 million, and declared a quarterly dividend of $0.06 per share, indicating a commitment to shareholder value and confidence in future growth.
See More
Tutor Perini (TPC) Q1 2026 Earnings Transcript
See More
Tutor Perini to Host Q1 2026 Earnings Call
- Earnings Call Announcement: Tutor Perini Corporation will host a conference call on May 6, 2026, at 2:00 PM Pacific Time to discuss its Q1 2026 results, reflecting the company's commitment to transparency and investor communication.
- Executive Participation: The call will feature CEO Gary Smalley, CFO Ryan Soroka, and Executive Chairman Ronald Tutor, ensuring that investors receive insights directly from top management regarding the company's performance and strategy.
- Earnings Release Timing: The company plans to issue its earnings announcement after market close on the same day, indicating its intention to provide the latest financial data prior to the call, allowing investors to better understand the company's performance.
- Webcast and Replay Availability: The conference call will be webcast live, accessible to all interested parties on Tutor Perini's website, with a replay available shortly after the call, enhancing information accessibility and transparency for stakeholders.
See More
