Tutor Perini TPC Civil — Loss contingency, loss in period
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Where this comes from
Reported directly by Tutor Perini in its filing.
Tagged under the XBRL concept us-gaap:LossContingencyLossInPeriod.
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, loss in period?
- Tutor Perini (TPC) reported civil — loss contingency, loss in period of $16.4M in Q1 2026.
- What is the long-term trend for Tutor Perini's civil — loss contingency, loss in period?
- Over 2 years (2021 to 2023), Tutor Perini's civil — loss contingency, loss in period has grown at a -25.3% compound annual growth rate (CAGR), from $19M to $10.6M.
- What does civil — loss contingency, loss in period mean?
- Captures the total estimated financial losses recognized during the reporting period related to specific construction project risks, legal disputes, or performance issues within the Civil segment. This metric serves as a key indicator of project execution quality and the potential for cost overruns in large-scale infrastructure contracts.
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