Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today reported results for the three and nine months ended September 30, 2016. Revenue for the third quarter and first nine months of 2016 was $1.3 billion and $3.7 billion, respectively, consistent with the revenue for the same periods last year. Income from construction operations increased to $60.9 million and $149.9 million, respectively, for the third quarter and first nine months of 2016, compared to $39.0 million and $89.9 million for the comparable periods of the prior year. Net income for the third quarter and first nine months of 2016 increased to $28.8 million, or $0.57 per diluted share, and $65.6 million, or $1.32 per diluted share, respectively, compared to $19.7 million, or $0.40 per diluted share, and $36.6 million, or $0.74 per diluted share, for the 2015 periods. Income from construction operations and net income in both of the prior year periods were impacted by a $23.9 million pre-tax ($13.8 million after tax) legacy litigation-related charge in the Civil segment. Income from construction operations and net income for the first nine months of 2015 were also impacted by $21.4 million of unfavorable pre-tax adjustments ($12.6 million after tax) in the Building segment related to the estimated cost to complete an office building project in New York. The increase in both income from construction operations and net income for the third quarter of 2016 was due to improved operating performance in all segments and lower corporate general and administrative expenses. The improvement in both income from construction operations and net income for the first nine months of 2016 was driven by improved performance in the Civil and Building segments, along with reduced corporate general and administrative expenses. The prior year periods were negatively impacted by the aforementioned charge and adjustments. The increase in diluted earnings per share (EPS) for the third quarter and first nine months of 2016 was partially offset by $0.04 and $0.08 per share, respectively, of non-cash interest expense, primarily related to transaction costs and amortization expense associated with the Company's two credit facility amendments and convertible notes issuance earlier in the year.