Tutor Perini(TPC) - 2023 Q4 - Annual Results
Tutor Perini(TPC)2024-02-29 05:18
News Release Tutor Perini Reports Fourth Quarter and Full Year 2023 Results • Record operating cash flow of $308.5 million in 2023, up 49% compared to the prior record of $207.0 million in 2022 • Term Loan B was paid down by an additional $91 million on February 23, 2024, earlier than required • Backlog increased 28% year-over-year to $10.2 billion, providing visibility for strong revenue growth • Backlog is expected to continue to grow significantly in 2024 and 2025, as the Company is tracking more than $3 ...