Adjusted operating income improved by 17.2% or $15.2 million year-over-year.
Consolidated adjusted operating ratio was 93.8%, 80 basis points better than prior year.
Consolidated second quarter revenue excluding fuel surcharge increased by 1.9% year-over-year.
GAAP earnings per diluted share were $0.21, a 61.5% year-over-year increase; adjusted EPS was $0.35, a 45.8% increase.
Intermodal segment revenue declined 13.8% year-over-year with a 230 basis point degradation in operating ratio.
Logistics segment revenue declined 2.6% year-over-year but adjusted operating income grew 13.3%.
LTL adjusted operating income declined 36.8% year-over-year due to costs from expansion and integration.
LTL segment revenue excluding fuel surcharge grew 28.4% year-over-year; shipments per day increased 21.7%.
Other segments revenue increased 9% and operating income increased 73.6% year-over-year, driven by warehousing and leasing growth.
Truckload segment improved adjusted operating ratio by 260 basis points and grew adjusted operating income 87.5% year-over-year despite a 2.8% decline in loaded miles.
GAAP EPS for Q2 2025 was $0.38, significantly higher than $0.02 in Q2 2024; adjusted EPS was $1.41 versus $0.34 last year.
Net income attributable to Tutor Perini for the first half of 2025 was $48 million or $0.90 per share, up from $17 million or $0.31 per share in the same period last year.
Operating income increased 89% to $76 million, driven by higher-margin projects in Civil and Building segments.
Revenue for Q2 2025 was $1.37 billion, up 22% year-over-year, with Civil segment revenue up 34%, Building segment up 11%, and Specialty Contractors up 9%.
Specialty Contractors segment posted a loss of $18 million in Q2 2025, increased from a loss of $8 million last year, due to unfavorable legacy claim settlements.
Tutor Perini reported record operating cash flow of $262 million for Q2 2025 and $285 million for the first half of 2025, both setting new company records.
Dafinchi