Exhibit 99.1

News Release

Tutor Perini Reports Third-Quarter 2013 Results

·                  Revenue of $1,030.4 million, down 6% compared to $1,099.4 million in Q3 2012

·                  Diluted EPS of $0.49, down 9% compared to adjusted diluted EPS of $0.54 in Q3 2012

·                  Backlog of $6.9 billion (highest level since Q3 2008), up 24% compared to $5.6 billion in Q3 2012

·                  Re-affirming FY13 guidance: Revenue $4.5 billion to $5.0 billion; diluted EPS $1.65 to $1.90

SYLMAR, California — (BUSINESS WIRE) — November 4, 2013 — Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil and building construction company, today reported results for the third quarter ended September 30, 2013.

Third-Quarter and Nine-Month Results

Revenues were $1,030.4 million and $3,076.4 million for the third quarter and nine months ended September 30, 2013, respectively, compared to $1,099.4 million and $2,997.3 million for the same periods last year. Income from construction operations was $58.1 million and $133.6 million for the third quarter and nine months ended September 30, 2013, respectively, compared to $54.7 million and a loss from construction operations of $282.5 million for the same periods last year. Net income was $23.8 million and $54.0 million for the third quarter and nine months ended September 30, 2013, respectively, compared to $42.6 million and a net loss of $307.0 million for the same periods last year. Diluted earnings per share (EPS) were $0.49 and $1.11 for the third quarter and nine months ended September 30, 2013, respectively, compared to $0.88 and a diluted loss per share of $6.47 for the same periods last year.

Excluding a $16.8 million tax benefit recognized in the third quarter of 2012, associated with the $376.6 million goodwill and intangible assets impairment charge recorded in the second quarter of 2012, net income for the third quarter of 2012 was $25.8 million, or $0.54 per diluted share. Excluding the impairment charge and related $37.4 million tax benefit, together with a $2.7 million realized loss on the sale of certain auction rate securities and $3.6 million in discrete tax adjustments recorded in the first quarter of 2012, net income for the nine months ended September 30, 2012 was $37.4 million, or $0.78 per diluted share. Net income and diluted EPS excluding these adjustments are non-GAAP financial measures, which are discussed below and are reconciled to the most directly comparable GAAP measures in the financial tables attached hereto.

Revenues decreased 6.3% in the third quarter and increased 2.6% in the nine months ended September 30, 2013, respectively, compared to the same periods last year. The decrease in third quarter revenue was primarily driven by reduced activity on certain large healthcare and office facility projects in the Building segment in California. The increase in revenue for the nine months ended September 30, 2013 was primarily driven by increased activity on certain hospitality and gaming projects in California, Arizona and Nevada. The decrease in net income for the three months ended September 30, 2013 was primarily driven by the aforementioned $16.8 million tax benefit. The increase in net income for the nine months ended September 30, 2013 was primarily driven by the aforementioned impairment charge.

Excluding the impairment charge and other discrete items discussed above, the decrease in net income for the three months ended September 30, 2013 was primarily driven by reduced activity on certain large healthcare and office facility projects in the Building segment in California, and the increase in net income for the nine months ended September 30, 2013 was primarily driven by strong operating performance in the Civil segment and Hurricane Sandy-related projects performed in the first quarter in New York.

The Company generated $27.5 million of cash from operating activities in the third quarter of 2013 compared to $4.0 million in the same quarter last year. At September 30, 2013, working capital was $820.8 million, an increase of $73.2 million from $747.6 million at December 31, 2012. The Company believes its financial position and available borrowing under existing credit arrangements are sufficient to support the Company’s current backlog and anticipated new work.

Backlog Increased to $6.9 Billion on Continued Strong Volume of New Awards

The backlog of uncompleted construction work at September 30, 2013 was $6.9 billion, an increase of $1.3 billion from $5.6 billion reported at December 31, 2012 and at September 30, 2012. Revenue earned during the third quarter partially offset a continued strong volume of new awards and adjustments to contracts in process, which together added approximately $1.3 billion. Significant additions to backlog included the Company’s $511 million share of the $1.022 billion joint venture California High-Speed Rail design-build project, two Wisconsin highway construction contracts collectively valued at $191 million, a $47 million transit station electrical subcontract, and a $24 million military housing renovation project in Guam. As mentioned last quarter, the $6.9 billion backlog excludes more than $400 million of work related to construction of the South Tower at Hudson Yards, for which the Company will earn a profit despite not recognizing revenue due to the customer’s direct contracts for certain externally subcontracted services. The Company continues to target a number of attractive civil infrastructure and building projects which could be awarded in the balance of this year or first half of next year.

Outlook and Guidance

Ronald Tutor, Chairman and Chief Executive Officer, said, “I am pleased with the continued growth in our backlog and our strongest quarterly operating margin in three years, which reflect solid growth and execution in our Civil segment. Our backlog remains at the highest level in five years and it should continue to grow, as we expect to book the $600 million Hudson Yards platform in the fourth quarter. We expect to deliver strong fourth-quarter results driven by the continued ramp-up of several large Civil projects.”

Based on performance to date and the outlook for the remainder of this year, the Company is re-affirming its fiscal 2013 guidance for revenue in the range of $4.5 billion to $5.0 billion and diluted EPS in the range of $1.65 to $1.90.

Non-GAAP Financial Measures

To supplement our consolidated financial statements presented based on accounting principles generally accepted in the United States of America (“GAAP”), we sometimes use non-GAAP measures of income from operations, net income, EPS and other measures that we believe are appropriate to enhance an overall understanding of our historical financial performance and future prospects. The Company is providing these

measures to provide additional information to facilitate the comparison of past and present operations, and they are among the indicators management uses as a basis for evaluating its financial performance as well as for forecasting future periods. For these reasons, management believes these non-GAAP measures can be useful operating performance measures to be considered by investors, potential investors, and others. These measures are not intended to replace the presentation of our financial results in accordance with GAAP, and they should be considered in addition to, and not in lieu of, our GAAP results. The non-GAAP financial measures that we provide may not be comparable to other similarly titled measures of other companies. A table reconciling reported income/loss from construction operations, net income/loss, and diluted earnings/loss per share under GAAP to adjusted income from operations, net income and diluted EPS in 2012 is attached. Included in the adjustments to GAAP are the impacts of: (i) the $376.6 million goodwill and intangible assets impairment charge recorded in the second quarter of 2012 and the related $37.4 million tax benefit, (ii) $3.6 million of discrete tax expense items related to an increase in unrecognized tax benefits and an adjustment, both associated with certain stock-based compensation items identified during the first quarter of 2012, and (iii) the $2.7 million realized loss on the sale of auction rate securities in the first quarter of 2012.

Third-Quarter Conference Call

The Company will host a conference call at 2:00 PM Pacific Time on Monday, November 4, 2013, to discuss the third-quarter 2013 results. To participate in the conference call, please dial (866) 515-2915 and enter the passcode 21752835 five to ten minutes prior to the scheduled time. International callers should dial +1 (617) 399-5129 and enter the passcode 21752835.

The conference call will be webcasted live over the internet and can be accessed on Tutor Perini’s website at www.tutorperini.com. To listen to the webcast, please visit Tutor Perini’s website at least fifteen minutes prior to the start of the call to register, download, and install any necessary software. For those unable to participate during the live call, the webcast will be available for replay shortly after the call on Tutor Perini’s website for 90 days.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures. We offer general contracting, pre-construction planning, and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials, and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing, and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.

The statements contained in this Release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including without limitation, statements regarding the Company’s expectations, hopes, beliefs, intentions or strategies regarding the future and statements regarding future guidance or estimates and non-historical performance. These forward-looking statements are based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. The Company’s expectations, beliefs and projections are expressed in good faith and the Company believes there is a reasonable basis for them. There can be no assurance that future developments affecting the Company will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully and timely complete construction projects; the Company’s ability to win new contracts and convert backlog into revenue; the Company’s ability to realize the anticipated economic and business benefits of its acquisitions and its strategy to assemble and operate a Specialty Contractors business segment; the potential delay, suspension, termination, or reduction in scope of a construction project; the continuing validity of the underlying assumptions and estimates of total forecasted project revenue, costs and profits and project schedules; the outcomes of pending or future litigation, arbitration or other dispute resolution proceedings; the availability of borrowed funds on terms acceptable to the Company; the ability to retain certain members of management; the ability to obtain surety bonds to secure its performance under certain construction contracts; possible labor disputes or work stoppages within the construction industry; changes in federal and state appropriations for infrastructure projects and the impact of changing economic conditions on federal, state and local funding for infrastructure projects; possible changes or developments in international or domestic political, social, economic, business, industry, market and regulatory conditions or circumstances; and actions taken or not taken by third parties, including the Company’s customers, suppliers, business partners, and competitors and legislative, regulatory, judicial and other governmental authorities and officials; and other risks and uncertainties discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission on February 25, 2013. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contact:

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Director, Investor Relations

www.tutorperini.com

Tutor Perini Corporation

Consolidated Balance Sheets

(Dollars in thousands, except par value)

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Consolidated Statements of Operations (Unaudited)

(In thousands, except per share data)

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Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

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Reconciliation of Non-GAAP Measures

(In thousands, except per share data)

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Segment Information

(In thousands)

* Consists primarily of corporate general and administrative expenses.

Tutor Perini Corporation

Backlog Information

(In millions)

(1)  New business awarded consists of the original contract price of projects added to our backlog plus or minus subsequent changes to the estimated total contract price of existing contracts.