Tutor Perini Modifies 2020 Credit Agreement
December 22, 2023
☀️Trending News
Tutor Perini ($NYSE:TPC) Corporation is a leading civil and building construction company that has recently modified its 2020 credit agreement. This new credit agreement will give Tutor Perini the financial flexibility to handle any future projects and investments. With these changes, Tutor Perini will be better able to manage their expenses and focus on their core operations of providing construction, engineering, and management services for projects around the world. The company is confident that these modifications will be beneficial for their long-term success.
Market Price
Tutor Perini Corporation, a leading civil and building construction company, announced on Wednesday that they have modified their 2020 Credit Agreement. This comes after their stock opened at $8.7 on Wednesday and later closed at $8.5, down 2.8% from its previous closing price of 8.8. The modified agreement includes a waiver of certain covenant defaults and the extension of certain debt maturities.
The waiver also enables the company to access additional liquidity while restructuring their long-term debt. These modifications should help the company maintain its financial health and better position itself for future success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tutor Perini. More…
| Total Revenues | Net Income | Net Margin |
| 3.77k | -216.54 | -5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 136.5 | -70.19 | -79.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tutor Perini. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.49k | 3.15k | 25.59 |
Key Ratios Snapshot
Some of the financial key ratios for Tutor Perini are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.9% | 5.7% | -4.7% |
| FCF Margin | ROE | ROA |
| 2.0% | -8.2% | -2.5% |
Analysis
GoodWhale has conducted a comprehensive analysis of the financial health of TUTOR PERINI. Based on our Star Chart, they have an intermediate health score of 6/10 taking into account their cashflows and debt. As the company is classified as an ‘elephant’ by our analysis, which means it is rich in assets after deducting off liabilities, the company may be able to sustain future operations in times of economic crisis. We found that TUTOR PERINI is strong in liquidity, medium in assets and weak in dividends, growth and profitability. This makes the company attractive to value investors who are seeking steady cash flows and long term investment prospects. On the other hand, dividend investors may turn away as the company does not offer a high yield. Investors looking for high growth stocks will also be disappointed, as TUTOR PERINI has not demonstrated any exceptional growth in recent years. More…
Peers
In the construction industry, Tutor Perini Corp competes with Coteccons Construction Joint Stock Company, Limbach Holdings Inc, and TA Corp Ltd. While each company has its own strengths and weaknesses, Tutor Perini Corp has been able to stay ahead of the competition by offering a combination of low prices and high-quality work.
– Coteccons Construction Joint Stock Company ($HOSE:CTD)
Coteccons Construction Joint Stock Company is a Vietnam-based company engaged in the construction sector. The Company’s main businesses include general contracting, investment, design and construction of civil, industrial, infrastructure and commercial works, as well as real estate trading and development. As of December 31, 2011, the Company had a workforce of approximately 25,000 employees.
– Limbach Holdings Inc ($NASDAQ:LMB)
Limbach Holdings Inc is a publicly traded company with a market capitalization of $83.16 million as of 2022. The company has a return on equity of 10.16%. Limbach Holdings Inc is engaged in the design, engineering, construction, and service of HVAC and mechanical, electrical, and plumbing systems for the commercial, industrial, and institutional markets.
– TA Corp Ltd ($SGX:PA3)
Euronet Worldwide Inc. is a leading provider of electronic payments and transaction processing solutions. The company offers a comprehensive suite of products and services for consumer and business-to-business transactions, including electronic funds transfer, point-of-sale, ATM, money transfer, prepaid processing, card issuing and merchant acquiring. Euronet serves financial institutions, retailers, service providers and individual consumers in over 160 countries.
Euronet’s market cap is $35.75 million, and its ROE is -1.46%. The company offers a wide range of products and services for consumer and business-to-business transactions. It has a strong presence in over 160 countries.
Summary
Tutor Perini recently amended its 2020 credit agreement, providing an opportunity for investors to analyze the company’s financial health. The company also has additional financial commitments from certain institutional investors. These changes position the company well for future growth and provide investors with the opportunity to review the stability of the company’s financial situation.
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