Tutor Perini Corporation (NYSE:TPC) Q3 2023 Earnings Call Transcript

Unidentified Analyst: That’s great to hear. And maybe just building off that, is there may be a leverage that you’ve kind of feel more comfortable offering that kind of a go forward basis kind of once you generate all this free cash flow and refinance?

Ronald Tutor: I absolutely do. But I’m not supposed to tell you, I guess it’s one of the many things. I believe we will achieve the amount of debt structured in a way that I’m comfortable, even with these awful interest rates. And I think we’ll reach that point between April and June of next year. And again, I’ll reiterate what Gary said, significantly reduced total amount of debt, which is appropriate. And if you look at the CIE and the cash flow, and you begin to generate and add this year to next year, what better place to put it than reducing high interest debt?

Unidentified Analyst: That’s great color. Thank you very much for answering my questions this afternoon.

Operator: There are no further questions at this time. And I would like to turn the floor back over to Ron for any closing comments.

Ronald Tutor: No, I have nothing more to add. Thank you, everyone for joining us and stay patient. We’re getting there.

Operator: And this concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.