Tutor Perini TPC Civil — Loss contingency, after tax
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Where this comes from
Reported directly by Tutor Perini in its filing.
Tagged under the XBRL concept tpc:LossContingencyLossInPeriodAfterTax.
The source filing: Tutor Perini’s 10-Q, filed May 6, 2026.
- Filed
- May 6, 2026, 5:05 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000077543-26-000114
(b)During the three months ended March 31, 2026, the Company’s income (loss) from construction operations was impacted by an unfavorable adjustment of $16.4 million ($12.3 million attributable to the Company and $8.9 million after tax, or $0.17 per diluted share) on a Civil segment mass-transit project in California primarily due to changes in estimates resulting from ongoing negotiations of change orders with the owner and subcontractors, as well as other temporary impacts related to unapproved change orders.
Item 1. Financial Statements
FAQ
- What is Tutor Perini's civil — loss contingency, after tax?
- Tutor Perini (TPC) reported civil — loss contingency, after tax of $8.9M in Q1 2026.
- How has Tutor Perini's civil — loss contingency, after tax changed year-over-year?
- Tutor Perini's civil — loss contingency, after tax increased by 52.1% year-over-year, from $5.85M to $8.9M.
- What is the long-term trend for Tutor Perini's civil — loss contingency, after tax?
- Over 3 years (2021 to 2025), Tutor Perini's civil — loss contingency, after tax has grown at a 19.5% compound annual growth rate (CAGR), from $13.7M to $23.4M.
- What does civil — loss contingency, after tax mean?
- Represents the net financial impact of recognized loss contingencies for the Civil segment after accounting for applicable income tax benefits. This provides a clearer view of the actual cash-equivalent burden these project risks impose on the company's net earnings.
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