Tutor Perini Raises 2026 EPS Guidance as AECOM Cuts NSR and Cash-Flow Outlook

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Summary · why it matters

Tutor Perini raised its 2026 adjusted EPS guidance to $5.15-$5.45 from $4.90-$5.30, while AECOM lowered its fiscal 2026 NSR guidance to $7.30-$7.35 billion and cut its free-cash-flow guidance from $400 million to approximately $300 million. Tutor Perini enters the second half of 2026 with a near-record $19.9 billion backlog and a project pipeline exceeding $200 billion, and its Civil segment posted a 15.3% operating margin in the second quarter of 2026, above its 12-15% target range. The company repurchased approximately 137,000 shares for $10 million in that quarter and raised its quarterly dividend by 50% to nine cents. AECOM's Americas NSR declined 29% year over year in the third quarter of fiscal 2026, mainly due to a construction-management charge, and it expects roughly $500 million of additional cash impact during the first two quarters of fiscal 2027. The Zacks Consensus Estimate for Tutor Perini's 2026 and 2027 earnings has risen over the past 60 days to $5.39 and $6.10 per share, implying year-over-year growth of 25.6% and 13.2%, while AECOM's fiscal 2026 estimate now implies a 14.8% decline.

Impact on assets 3

Climate Adaptation & Water▼ · 1 stocks
Aecom Technology Corporation
ACM
▼ NegativeCapitalrelevance

AECOM cut its fiscal 2026 NSR guidance to $7.30-$7.35B and slashed free-cash-flow guidance from $400M to ~$300M, with Americas NSR down 29% on a construction-management charge.

Industrials▲ · 1 stocks
Tutor Perini Corporation
TPC
▲ PositiveCapitalDemandrelevance

Tutor Perini raised 2026 adjusted EPS guidance to $5.15-$5.45, repurchased ~137,000 shares for $10M, and lifted its quarterly dividend 50% to nine cents.

Cloud & Digital Infrastructure▲ · 1 stocks
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