TPC: revenue $1.64B, net income $65.7M. TPC Q2 revenue +19%, operating income +54%, but net income +229% on below-the-line factors

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Net income rose 229% YoY to $65.7M while operating income grew 54% to $65.7M—the bottom-line gain came from a $4.5M improvement in below-the-line items (primarily lower income tax and noncontrolling interest charges), not from operations.

  Notes: Operating Income & Below-the-Line Bridge verify on EDGAR →
• high

  Civil segment took a $16.4M unfavorable adjustment ($0.17/share) on a California mass-transit project due to ongoing change-order negotiations, swinging from a $28M favorable adjustment ($0.38/share) on a Midwest project in the prior year.

  Notes: Civil Segment Project Adjustment verify on EDGAR →
• high

  Board authorized $200M buyback program in Nov 2025; company repurchased $30M of stock in H1 2026 at avg $72.28/share, leaving $170M available. Also initiated quarterly dividend at $0.12/share YTD.

  Notes: Capital Allocation verify on EDGAR →