Tutor Perini Corp 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025 or☐TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MASSACHUSETTS (818)362-8391(Registrant’s Telephone Number, Including Area Code)None(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: 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 Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 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 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ The number of shares of common stock, $1.00 par value per share, of the registrant outstanding at May1, 2025 was52,702,538. TUTORPERINI CORPORATION AND SUBSIDIARIES UNAUDITED (1)Basis of Presentation The Condensed Consolidated Financial Statements do not include footnotes and certain financial information normally presentedannually under generally accepted accounting principles in the United States (“GAAP”). Therefore, they should be read in conjunctionwith the audited consolidated financial statements and the related notes included in Tutor Perini Corporation’s (the “Company”) In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments,including those of a normal recurring nature, necessary to present fairly the Company’s consolidated financial position as of March31,2025 and its consolidated statements of income and cash flows for the interim periods presented. Intercompany balances and (2)Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09,Income Taxes (“Topic 740”): Improvements to Income Tax Disclosures(“ASU2023-09”), which requires public entities to disclose specific categories in its annual effective tax rate reconciliation and disaggregatedinformation about significant reconciling items by jurisdiction and by nature. ASU 2023-09 also requires entities to disclose theirincome tax payments (net of refunds) to international, federal, and state and local jurisdictions. This guidance is effective for annual In November 2024, the FASB issued ASU 2024-03,Income Statement-Reporting Comprehensive Income-Expense DisaggregationDisclosures (“Subtopic 220-40”): Disaggregation of Income Statement Expenses(“ASU 2024-03”), which requires public entities todisclose additional information about specific expense categories in the notes to the financial statements on an interim and annualbasis. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual (3)Revenue Disaggregation of Revenue The following tables disaggregate revenue by end market, customer type and contract type, which the Company believes best depicthow the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors for the three months UNAUDITED Changes in Contract Estimates that Impact Revenue Changes to the total estimated contract revenue or cost for a given project, either due to unexpected events or revisions tomanagement’s initial estimates, are recognized in the period in which they are determined. Revenue wasnegatively impacted duringthe three months ended March31, 2025 related to performance obligations satisfied (or partially satisfied) in prior periods by $17.4 Remaining Performance Obligations Remaining performance obligations represent the transaction price of firm orders for which work has not been performed and excludeunexercised contract options. As of March31, 2025, the aggregate amounts of the transaction prices allocated to the remainingperformance obligations of the Company’s construction contracts were $9.2billion, $4.3billion and $2.2billion forthe Civil,Building and Specialty Contractors seg