Tutor Perini Announces Q3 Loss and $145MM in Charges Due to Project Disputes

Los Angeles-based contractor Tutor Perini has withdrawn its 2024 earnings guidance, anticipating a loss for the third quarter due to a series of project-related disputes. The company disclosed that it expects to incur approximately $145 million in charges stemming from an adverse arbitration decision related to a bridge project in California and the resolution of […]