Tutor Perini Q3 Results: Record Cash Flow, Raised Guidance, and Robust Share Price Growth

Tutor Perini shares have surged 179% YTD, driven by record operating cash flow and a historic surge in project backlog. Management raised full-year earnings guidance and signaled confidence for the next two years. The company's valuation has been reassessed, with the most popular narrative seeing Tutor Perini as undervalued at $85.75. However, persistent risks remain, such as new legal disputes or execution setbacks on mega-projects.