Tutor Perini's $60M Rothschild Dam Contract Boosts Backlog and Long-Term Revenue Outlook

Tutor Perini has secured a $60.2 million contract to modernize the Rothschild Dam, expanding its project backlog for the second quarter of 2025. This adds to the company's record $21.1 billion backlog, but investors will continue to focus on whether improved risk management can prevent cost overruns and earnings swings as major projects commence. Tutor Perini's narrative projects $7.1 billion revenue and $515.9 million earnings by 2028, requiring 14.2% yearly revenue growth and a $648.2 million increase in earnings.

Tutor Perini Corporation (NYSE: TPC) has secured a $60.2 million contract to modernize the Rothschild Dam, expanding its project backlog for the second quarter of 2025. This award, announced by Tutor Perini's subsidiary Lunda Construction Company, adds to the company's record $21.1 billion backlog, reflecting its growing presence in the infrastructure sector.

The Rothschild Dam Modernization Project, located in Rothschild, Wisconsin, involves replacing an existing timber dam with a modern concrete structure. The project, valued at approximately $84 million, is expected to be completed in 2026. The contract, which includes construction manager/general contractor (CM/GC) services, was awarded by Domtar Paper Company, LLC [1].

This latest contract underscores Tutor Perini's strategic focus on water infrastructure projects, a segment that is experiencing significant demand due to aging infrastructure and increasing environmental concerns. The company's ability to secure high-profile contracts in this area positions it to benefit from federal and state funding initiatives aimed at modernizing infrastructure [2].

Investors will continue to monitor Tutor Perini's performance as major projects commence. The company's narrative projects $7.1 billion in revenue and $515.9 million in earnings by 2028, requiring 14.2% yearly revenue growth and a $648.2 million increase in earnings. Ensuring improved risk management to prevent cost overruns and earnings swings will be crucial for Tutor Perini's continued success.

References:
[1] https://www.morningstar.com/news/business-wire/20250826056457/lunda-construction-awarded-602-million-rothschild-dam-modernization-project
[2] https://www.marketscreener.com/news/tutor-perini-unit-lunda-construction-wins-60-million-contract-for-rothschild-dam-modernization-proj-ce7c50d9d88af32d