Earnings Call Summary | Tutor Perini(TPC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Tutor Perini(TPC.US) Q1 2024 Earnings Conference
The following is a summary of the Tutor Perini Corporation (TPC) Q1 2024 Earnings Call Transcript:
以下是Tutor Perini Corporation（TPC）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Tutor Perini reported Q1 revenue of $1.05 billion, marking a 35% increase from the same quarter last year, mainly due to increased project activities.
The firm displayed strong profitability with operating margins of 15% and 3.9% in Civil and Building segments respectively.
The quarterly earnings per share stood at $0.30.
The company recorded operating cash flow of $98 million, which is the second highest since the 2008 merger.
A reduction of $200 million in debt is a noteworthy achievement, and the company plans to persist in lowering this figure with expected strong cash flow.
The company's backlog has grown 26% year-over-year, currently amounting to $10 billion.
Tutor Perini報告稱，第一季度收入爲10.5億美元，比去年同期增長35％，這主要是由於項目活動增加。
該公司表現出強勁的盈利能力，土木和建築板塊的營業利潤率分別爲15％和3.9％。
每股季度收益爲0.30美元。
該公司的運營現金流爲9800萬美元，這是自2008年合併以來的第二高水平。
減少2億美元的債務是一項值得注意的成就，該公司計劃繼續降低這一數字，預計現金流將強勁。
該公司的待辦事項同比增長了26％，目前達到100億美元。
Business Progress:
業務進展：
Tutor Perini accomplished a successful debt refinancing by issuing new senior notes and redeeming the due ones.
The corporation expects to resolve the remaining legacy disputes and significant collections this year and the forthcoming one.
The company forecasts a significant increase in backlog later this year and in 2025, with the win of a major volume of available project opportunities.
There's a reconfirmation of the 2024 EPS guidance expecting it to be in the $0.85 to $1.10 range.
Changes in pre-bid discussions with owners are anticipated to maintain a level of about 15% of revenue from owner upfront payment for project mobilization.
The firm is constantly striving to resolve ongoing disputes to maintain a reasonable Contingent Income Expense (CIE) and expects to settle within the stipulated range.
The company strategically eliminated unfavorable legacy projects in its specialty segment, reducing operational sizes of units and replacing poor performers with new yet experienced personnel.
Perini導師通過發行新的優先票據並贖回到期票據，成功完成了債務再融資。
該公司預計將在今年和即將發生的爭議中解決剩餘的遺產糾紛和大量收款。
該公司預測，隨着大量可用項目機會的獲勝，今年晚些時候和2025年，待辦事項將大幅增加。
2024年的每股收益指引再次得到確認，預計將在0.85美元至1.10美元區間內。
預計投標前與業主討論的變化將使業主預先支付的項目動員收入的15％左右保持在水平。
該公司一直在努力解決持續的爭議，以維持合理的或有收入支出（CIE），並期望在規定的範圍內和解。
該公司戰略性地取消了其專業領域中不利的傳統項目，縮小了單位的運營規模，並用新的但經驗豐富的人員取代了表現不佳的員工。
More details: Tutor Perini IR
更多詳情： 導師 Perini IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。