Tutor Perini Corp


TPC

Price

13.77


Change

0.01


High

13.94


Low

13.61


Avg Volume

214,485


PE Ratio

5.91


52 Week High

20.24


52 Week Low

12.08



Profile

Tutor Perini Corporation is one of the largest general contractors in the United States. At the end of 2013 it reported an annual revenue of approximately $4.2 billion. Tutor Perini is headquartered in Sylmar, California, and works on many construction projects throughout the United States and Canada. Specific areas of focus are civil infrastructure , building infrastructure , and specialty contracting (electrical, mechanical, plumbing, heating, air conditioning and ventilation , fire protection systems, concrete placement). In 1949 Albert G. Tutor launched a family construction business, A.G. Tutor Company, Inc. With a compelling combination of innovation and work ethic, the company found immediate success — an upward trajectory that continued when Ronald Tutor joined his father's firm in 1963. The company grew exponentially throughout the century under Ronald Tutor. The organization continued its dramatic growth in 1972 through a partnership with N.M. Saliba and, in 1981, when Ron Tutor took the reigns as president of the Tutor-Saliba Corporation. The company continued to evolve into a major force, focusing on exceptional execution of massive, complicated projects. With an eye toward strategic growth, Ronald Tutor identified a potential partner in the Perini Corporation. Established in 1894 by Bonfiglio Perini — a stonemason by trade who happened to have a remarkable instinct for construction — the company had earned significant recognition for infrastructure work over its decades in business. Seeing an opportunity to bring together two likeminded industry powerhouses, Ron Tutor led a recapitalization of Perini Corporation in 1997. In 2008, the companies officially merged to create a powerful, client-focused firm — Tutor Perini Corporation. Today, the company includes more than 20 wholly owned subsidiaries located in the United States and throughout the world.


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