Contractor Tutor Perini Corp. reported a net loss for the second quarter of 2022, much of it related to legal decisions, claims and settlements, as well as lower revenue.
The company (TPC: NYSE) recorded its net loss at $63 million, compared to net income of $31 million in the same quarter of 2021. For the first half of 2022, Tutor Perini posted a net loss of $84 million, compared to net income of $47 million for the same period last year.