Tutor Perini Corporation withdrawing earnings guidance for the year 2023. The Company's first quarter financial results make the achievement of its EPS guidance for 2023 challenging. Accordingly, the Company is withdrawing its EPS guidance at this time.

However, the Company believes that certain potential positive events that may occur later this year could offset much of the negative results from the first quarter. Therefore, the Company will reassess its outlook over the coming months and intends to provide updated guidance when it reports its results for the second quarter of 2023.