Tutor Perini reports Q4 EPS (91c), two estimates 13c

Reports Q4 revenue $1.02B, consensus $988.7M. The company’s backlog increased 28% year-over-year to $10.2B. The company said, “We delivered a second consecutive year of record operating cash flow and grew our backlog substantially in 2023. We also made continued progress in resolving many outstanding disputes and reducing our unbilled receivables, and continue to believe that we will resolve the majority of our remaining disputed matters by the end of 2024.”