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Earnings Per Common Share
6 Months Ended
Jun. 30, 2025
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 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)2025202420252024
Net income attributable to Tutor Perini Corporation$19,974 $812 $47,972 $16,572 
Weighted-average common shares outstanding, basic52,724 52,327 52,631 52,210 
Effect of dilutive RSUs and stock options470 521 471 472 
Weighted-average common shares outstanding, diluted53,194 52,848 53,102 52,682 
Net income attributable to Tutor Perini Corporation per common share:
Basic$0.38 $0.02 $0.91 $0.32 
Diluted$0.38 $0.02 $0.90 $0.31 
Anti-dilutive securities not included above98 925 250 1,173