USD/BTC = $81,726
Block 887,099
TL:DR
Tutor Perini
won an “unprecedented” US$12.8 billion worth of new contract awards to take its order backlog to a record $18.7 billion.
The news came as the US-based construction company announced its 2024 full-year results, with revenue up 12% on 2023 to $4.3 billion, due to increased execution activities on various civil and building segment projects.
My Thoughts 💭
Tutor Perini with a huge backlog of work. Along with the Swedish construction company darling Skanska they might be good ideas for investment if you want exposure to the construction sector. With out doing a deep dive so take this information lightly, Tutor is up over 100% in the last year. But caution here is Tutor doesn’t pay a dividend.