BNET Industries

Perini Corp.

Last Fiscal Year Sales:$4.6B
  • Public
  • US
Dow Jones Description

Perini Corporation, one of the most versatile and successful contractors in the U.S., reported a record net income of $97.1 million for the year ended December 31, 2007, as compared to net income of $41.5 million in 2006. Diluted earnings per common share were $3.54 for the year ended December 31, 2007, as compared to $1.54 for the year ended December 31, 2006 ? a 103% increase. Revenues from construction operations were a record $4.6 billion for the year ended December 31, 2007, compared to revenues of $3.0 billion for the year ended December 31, 2006. The increase in revenues is due primarily to an increased volume of work in the building segment's hospitality and gaming market in California, Connecticut, Maryland and Nevada. Robert Band, President and Chief Operating Officer, stated that, "We are pleased to report the highest annual revenues and net income in the Company's 114-year history. Our building and management services segments have experienced outstanding operating performance from a solid backlog of profitable business in our geographic regions and primary markets in hospitality and gaming, healthcare, education and industrial buildings and U.S. Government services. The prospects for growth in each of these core markets remain very promising." Founded 113 years ago as a small, civil works contractor, Perini is known today for its hospitality and gaming projects, and for its health care, sports, entertainment and educational expertise. ...

Executive Vice President and CEO, Perini's Building Group
Mark A Caspers
Number of Employees 8,000
Contact Information

73 Mount Wayte Ave

Framingham, Massachusetts 01701

perini.com

(508) 628-2000

NAICS Code Commercial and Institutional Building Construction: 236220

Recent Events

  • LF Driscoll, built Philly's tallest towers, sold to NY firm

    11/17/09 - Merger / Acquisition - View Story

  • Tutor Perini Announces World Headquarters Move to Los Angeles

    10/23/09 - Merger / Acquisition - View Story

News & Analysis

perini corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Mark A Caspers Executive Vice President and CEO, Perini's Building Group
James Frost President, Civil Operations
James M. Laing President, Perini Civil
Kenneth R. Burk Senior Vice President & Cfo
Michael E. Ciskey Vice President, Chief Financial Officer
Robert Band Coo
William Sparks Executive Vice President, Treasurer and Corporate Secretary
Claude K Olsen Senior Vice President, Operations
Anthoney J. Buccitelli Vice President, Legal
Anthony J Buccitelli Vice President, Legal
Joseph R Perini Vice President of Business Development
Peter J. Martinkus Controller & Vice President
Steve Meilicke Vice President, Corporate Controller
Susan C. Mellace Vice President & Treasurer
Leo Estrada Project Manager
Ed Greco Design Coordinator
Joe Thompsen
Joe Thompson
Michelle Hanks
Frederick Doppelt Director
James A. Cummings Director
Martin Shubik Director
Michael R. Klein Director
Raymond R. Oneglia Director
Robert A. Kennedy Director
Willard Brittain Director
Donald D. Snyder Committee Member

Board of Directors

Name (plus bio) Position
Ronald N. Tutor Chairman, Chief Executive Officer and Director (Class II)
Peter Arkley Chairperson
Archambault Robert Board of Directors
Chrysostomos L Nikias Board of Directors
Marilyn A Alexander Board of Directors
Robert L. Miller Board of Directors
Willard W. Britaain Board of Directors

Organization Position Status
Perini Corporation Executive Vice President and CEO, Perini's Building Group Current

Ronald N. Tutor has served as our Chief Executive Officer since March 2000 and as one of our directors since January 1997. He has also served as our Chairman since July 1999. He previously served as our Vice Chairman from January 1998 to July 1999, and Chief Operating Officer from January 1997 until March 2000 when he became Chief Executive Officer. Mr. Tutor also serves as Chairman, President and Chief Executive Officer of Tutor-Saliba Corporation, a California corporation engaged in the construction industry.

Organization Position Status
Perini Corporation Chairman, Chief Executive Officer and Director (Class II) Current
Tutor-Saliba Corporation Chief Executive Officer Current
Tutor-Saliba Corporation President Current
Tutor-Saliba Corporation Chairman Current
Perini Corporation Chief Operating Officer Former
Tutor-Saliba Corporation Senior Vice President Former
Dianev Former

Organization Position Status
Perini Corporation President, Civil Operations Current

Organization Position Status
Perini Corporation President, Perini Civil Current

Organization Position Status
Perini Corporation Senior Vice President & Cfo Current

Organization Position Status
Perini Corporation Vice President, Chief Financial Officer Current
Perini Corporation Board of Directors Current
Perini Corporation Senior Vice President, Civil Former
Perini Corporation Operations Controller Former

President of Perini Management Services, Inc. Mr. Band has been with Perini since 1973 and has served as executive vice president/CFO, treasurer, vice president of corporate and project development and vice president of construction.

Organization Position Status
Perini Corporation Coo Current
Perini Corporation Board of Directors Current
Perini Corporation Chief Executive Officer Former
Perini Corporation President Former
Perini Corporation Executive Vice President Former

Organization Position Status
Perini Corporation Executive Vice President, Treasurer and Corporate Secretary Current

Organization Position Status
Perini Corporation Senior Vice President, Operations Current

Organization Position Status
Perini Corporation Vice President, Legal Current

Organization Position Status
Perini Corporation Vice President, Legal Current

Organization Position Status
Perini Corporation Vice President of Business Development Current
Perini Corporation Manager Current

Organization Position Status
Perini Corporation Controller & Vice President Current

Organization Position Status
Perini Corporation Vice President, Corporate Controller Current

Organization Position Status
Perini Corporation Vice President & Treasurer Current

Organization Position Status
Perini Corporation Project Manager Current

Organization Position Status
Perini Corporation Design Coordinator Current

Organization Position Status
Perini Corporation Current
Stone & Webster, Inc. Current
Tec Edmonton Chairman, Pcl Construction Current
NOVA Chemicals Corporation Board of Directors Current
AltaSteel Ltd. Board of Directors Current

Organization Position Status
Tec Edmonton Professional Engineer Current
Stone & Webster, Inc. Current
Perini Corporation Current
NOVA Chemicals Corporation Board of Directors Current
AltaSteel Ltd. Board of Directors Current

Organization Position Status
Perini Corporation Current

Peter Arkley has served as a director since May 2000. He has served as Managing Principal of AON Risk Services, Inc., an insurance and bonding brokerage firm, since January 1996.

Organization Position Status
Aon Risk Services Inc. Managing Principal Current
Perini Corporation Chairperson Current
Valleycrest Companies Director Current

Organization Position Status
Perini Corporation Board of Directors Current

Organization Position Status
Perini Corporation Board of Directors Current

Organization Position Status
Perini Corporation Director Current

James A. Cummings has served as a director since March 2003. He has served as Chairman and Chief Executive Officer of James A. Cummings, Inc. since 2001. He previously served as President of Cummings from 1981 until 2003.

Organization Position Status
James A. Cummings, Inc. Chief Executive Officer Current
James A. Cummings, Inc. Chairman Current
Perini Corporation Director Current

Organization Position Status
Perini Corporation Board of Directors Current
Perini Corporation Committee Member Current

Organization Position Status
Perini Corporation Director Current

Michael Klein is the co-founder and Chairman of the Sunlight Foundation. After more than 35 years of active law practice at Wilmer Cutler & Pickering (now WilmerHale), Mike retired from that partnership on January 1, 2006 in order to devote all of his time to the array of business and non-profit activities that have increasingly engaged him over the past decade. Principal among these are: Chairman of the Board of Directors of CoStarGroup, Inc. (NASDAQ symbol CSGP) of which he was a co-founder; Vice Chairman of the Board and Lead Director of Perini Corporation (NYSE symbol PCR); a member of the Board of Directors of SRA International, Inc. (NYSE symbol SRX); director of the privately held cargo carrier ASTAR Air Cargo, Inc., formerly DHL Airways, Inc., of which he is a co-owner; Chairman and CEO of the acclaimed DC restaurant Le Paradou LLC, of which he was a co-founder and is the principal shareholder; and Chairman of the Board of the DC art gallery Zenith Gallery, Inc. of which he was a co-founder. Mike also serves as a trustee of The American Himalayan Foundation and of The Shakespeare Theatre Company.

Organization Position Status
Sunlight Foundation Co-Founder Current
CoStar Group, Inc. Co-Founder Current
Oz Fitness, Inc. Lead Director Current
ASTAR Air Cargo, Inc. Lead Director Current
CoStar Group, Inc. Chairman of The Board of Directors Current
Sunlight Foundation Chairman Current
ASTAR Air Cargo, Inc. Director Current
Perini Corporation Director Current
The American Himalayan Foundation Board of Directors Current
Raba Technologies, Inc. Board of Directors Current
Oz Fitness, Inc. Director Current
SRA International Inc. Board of Directors Current
Perini Corporation Vice Chairman of The Board, Lead Director Current
The American Himalayan Foundation Trustee Current
Perini Corporation Committee Member Current
Perini Corporation Co-Founder Former
Wilmer Cutler Pickering Hale and Dorr LLP Partner Former
Perini Corporation Lead Director Former
Sunlight Foundation Board of Directors Former
Harvard University Former
University of Miami Former

Organization Position Status
Perini Corporation Director Current
Perini Corporation Committee Member Current

Organization Position Status
Perini Corporation Director Current
Perini Corporation Committee Member Current

Organization Position Status
Perini Corporation Board of Directors Current
Perini Corporation Committee Member Current

Willard W. Brittain, Jr. became a director in November, 2004. He has served as Chairman and Chief Executive Officer of Professional Resources on Demand, a private senior executive staffing company since 2002. He previously served as Chief Operating Officer of PwC Consulting since 2000, and Chief Operating Officer of PricewaterhouseCoopers, LLP and Price Waterhouse since 1995. Mr. Brittain also serves on the board of Analysts International, a publicly held company, where he is a member of the audit and compensation committees, and is also on the boards of the National Urban League and LED, both non-profit organizations.

Organization Position Status
Analysts International Corporation Board of Directors Current
National Urban League Board of Directors Current
Perini Corporation Director Current
DaVita, Inc. Board of Directors Current
Professional Resources Chief Executive Officer Former
Professional Resources Chairman Former
Perini Corporation Chair Former

Organization Position Status
Perini Corporation Board of Directors Current

Organization Position Status
Perini Corporation Committee Member Current
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