Tutor Perini Corp 2024年度报告

FORM10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year endedDecember31, 2024 or Transition Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the transition period from __________ -to-__________ Commission File Number:1-6314 Tutor Perini Corporation (Exact name of registrant as specified in its charter) 04-1717070 (818)362-8391 (Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Securities registered pursuant to Section12(g)of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of theExchange Act. Large accelerated filer☒Accelerated fileroNon-accelerated fileroSmaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The aggregate market value of voting Common Stock held by non-affiliates of the registrant was $945,305,688as of June28, 2024, the last business day of theregistrant’s most recently completed second fiscal quarter. The number of shares of Common Stock, $1.00 par value per share, outstanding at February20, 2025 was52,485,719. Documents Incorporated by Reference The information required by Part III of this Annual Report on Form10-K, to the extent not set forth herein, is incorporated herein by reference to the registrant’sdefinitive proxy statement relating to the Annual Meeting of Shareholders to be held in 2025, which definitive proxy statement shall be filed with the Securities andExchange Commission within 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates. TUTOR PERINI CORPORATION 2024 ANNUAL REPORT ON FORM10-K TABLE OF CONTENTS Item 1.Business3Item 1A.Risk Factors10Item 1B.Unresolved Staff Comments16Item 1C.Cybersecurity16Item 2.Properties17Item 3.Legal Proceedings17Item 4.Mine Safety Disclosures17 Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities18Item 6.[Reserved]19Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 7A.Quantitative and Qualitative Disclosures About Market Risk31Item 8.Financial Statements and Supplementary Data31Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure31Item 9A.Controls and Procedures31Item 9B.Other Information34Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections34 Item 10.Directors, Executive Officers and Corporate Governance34Item 11.Executive Compensation34Item 12.Security Ownership of Certain Beneficial Owners and Man