v3.26.1
Earnings Per Common Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Basic earnings per common share (“EPS”) and diluted EPS are calculated by dividing net income (loss) attributable to Tutor Perini Corporation by the following: for basic EPS, the weighted-average number of common shares outstanding during the period; and for diluted EPS, the sum of the weighted-average number of both outstanding common shares and potentially dilutive securities, which for the Company can include restricted stock units (“RSUs”) and unexercised stock options. The Company calculates the effect of the potentially dilutive RSUs and stock options using the treasury stock method.
Three Months Ended June 30,Six Months Ended June 30,
(in thousands, except per common share data)2026202520262025
Net income attributable to Tutor Perini Corporation$65,742 $19,974 $91,438 $47,972 
Weighted-average common shares outstanding, basic52,601 52,724 52,668 52,631 
Effect of dilutive RSUs and stock options871 470 943 471 
Weighted-average common shares outstanding, diluted53,472 53,194 53,611 53,102 
Net income attributable to Tutor Perini Corporation per common share:
Basic$1.25 $0.38 $1.74 $0.91 
Diluted$1.23 $0.38 $1.71 $0.90 
Anti-dilutive securities not included above41 98 20 250 
Refer to Note 19, Business Segments, for additional details on significant impacts to net income and diluted EPS.