Tutor Perini celebrates ‘best year ever,’ return to profitability in 2025 | Construction Dive
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The megaproject contractor said it won nine projects valued at a cumulative $16 billion in the last three years and has resumed work on New York City’s Gateway Project.
An article from Tutor Perini celebrates ‘best year ever,’ return to profitability in 2025 The megaproject contractor said it won nine projects valued at a cumulative $16 billion in the last three years and has resumed work on New York City’s Gateway Project. Published March 2, 2026 Joe Bousquin Senior Editor Share Copy link Email LinkedIn X/Twitter Facebook Print License Add us on Google A rendering of the new UCSF Benioff Children’s Hospital in Oakland, Calif. Tutor Perini subsidiary Rudolph and Sletten is building the project. Courtesy of SmithGroup Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. The great thing about digging yourself out of a hole is that your work above ground tends to go much more smoothly. That’s where civil construction behemoth Tutor Perini finds itself today. After years of settling disputes on legacy megaprojects, it has whittled down outstanding litigation from about 50 cases to 12, executives said Feb. 26 on its fourth-quarter and full-year 2025 earnings call. That helped the Los Angeles-based contractor swing back to full-year profitability last year. “We spent a lot of money over the last several years on litigation expense,” said Gary Smalley, the firm’s CEO and president, on an earnings call to discuss results. “Legal expenses are something that, of course, are necessary in business and certainly in this industry. But I think you'll see less and less legal expenses from us, and that's on...
