Filings · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Tutor Perini Corporation (TPC) is well-positioned for sustained growth through 2027 with a $19.9 billion backlog and nine mega-projects worth $16 billion. The company benefits from higher-margin projects, with Civil margins at 15.3% and Building margins at 5.6%. Management expects double-digit revenue growth in 2026 and stronger earnings in 2027, supported by a $200+ billion bidding pipeline.
The global Mivan construction market is expected to grow from USD 3.92 billion in 2025 to USD 7.05 billion by 2031, driven by mass housing demand, urbanization, and government-backed affordable housing programs. Reusable aluminum formwork enables faster construction cycles and cost amortization across repetitive projects. However, high initial capital expenditure and aluminum price volatility pose challenges. Automation and localized supply chains are emerging trends to address labor shortages and reduce costs.
Fluor LNG Canada Phase 2 moves ahead, giving Fluor a $7.5 billion contract share as capacity is set to double.