Construction and Maintenance Services Stocks Q4 Teardown: Tutor Perini (NYSE:TPC) Vs The Rest

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at construction and maintenance services stocks, starting with Tutor Perini (NYSE:TPC).

Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years–. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies’ offerings.

The 13 construction and maintenance services stocks we track reported a mixed Q4. As a group, revenues missed analysts’ consensus estimates by 0.9% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7% since the latest earnings results.

Tutor Perini (NYSE:TPC)

Known for constructing the Philadelphia Eagles’ Stadium, Tutor Perini (NYSE:TPC) is a civil and building construction company offering diversified general contracting and design-build services.

Tutor Perini reported revenues of $1.07 billion, up 4.5% year on year. This print fell short of analysts’ expectations by 0.9%. Overall, it was a slower quarter for the company with a significant miss of analysts’ EBITDA and EPS estimates.

“With an unprecedented $12.8 billion of new awards during the year, we grew our backlog to a new record of $18.7 billion in 2024 and delivered a third consecutive year of record operating cash flow that shattered our previous record by $200 million,” said Gary Smalley, Chief Executive Officer and President.Tutor Perini Total Revenue

The stock is up 15.9% since reporting and currently trades at $25.37.

Read our full report on Tutor Perini here, it’s free.

Best Q4: Construction Partners (NASDAQ:ROAD)

Founded in 2001, Construction Partners (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains roads, highways, and other infrastructure projects.

Construction Partners reported revenues of $561.6 million, up 41.6% year on year, outperforming analysts’ expectations by 9.7%. The business had an incredible quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

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Construction Partners Total Revenue

Construction Partners delivered the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 12.4% since reporting. It currently trades at $74.23.

Is now the time to buy Construction Partners? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Concrete Pumping (NASDAQ:BBCP)

Going public via SPAC in 2018, Concrete Pumping (NASDAQ:BBCP) is a provider of concrete pumping and waste management services in the United States and the United Kingdom.

Concrete Pumping reported revenues of $86.45 million, down 11.5% year on year, falling short of analysts’ expectations by 4.8%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 4.8% since the results and currently trades at $5.76.

Read our full analysis of Concrete Pumping’s results here.

Great Lakes Dredge & Dock (NASDAQ:GLDD)

Founded as Lydon & Drews dredging company, Great Lakes Dredge & Dock (NASDAQ:GLDD) provides dredging services, land reclamation, and coastal protection projects in the United States and internationally.

Great Lakes Dredge & Dock reported revenues of $202.8 million, up 11.6% year on year. This number came in 4% below analysts' expectations. Aside from that, it was a strong quarter as it recorded a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is down 21.7% since reporting and currently trades at $8.61.

Read our full, actionable report on Great Lakes Dredge & Dock here, it’s free.

Limbach (NASDAQ:LMB)

Established in 1901, Limbach (NASDAQ: LMB) provides integrated building systems solutions, including mechanical, electrical, and plumbing services.

Limbach reported revenues of $143.7 million, flat year on year. This print missed analysts’ expectations by 3.8%. More broadly, it was actually an exceptional quarter as it logged a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is up 9.6% since reporting and currently trades at $75.38.

Read our full, actionable report on Limbach here, it’s free.

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