Fluor

Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government. The Energy & Chemicals segment focuses on opportunities in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets. The Mining & Industrial segment provides design, engineering, procurement, construction and project management services to the mining and metals, transportation, life sciences, advanced manufacturing and technologies sectors. The Infrastructure & Power segment provides design, engineering procurement, construction and project management services to the infrastructure sector. The Diversified Services segment provides asset services, asset integrity services, equipment solutions and staffing services. The Government segment provides engineering, construction, logistics, base and facilities operations and maintenance, contingency response and environmental and nuclear services to the U.S. government and governments abroad. The company was founded by John Simon Flour, Sr. in 1912 and is headquartered in Irving, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Fluor reports robust earnings, eyes growth in diverse sectors

Fluor's Q4 2022 performance showcased strong financials, safety commitment, and growth opportunities.
While facing challenges in legacy projects and segment performance, the company aims for increased profitability.
With a focus on capital structure and market growth, Fluor is poised for future success.
Strategic decisions around cash utilization and business balance will be crucial for sustained growth.

Fluor reports strong Q1 earnings, eyes energy transition opportunities

Fluor's Q1 2023 performance showed revenue growth and affirmed guidance for 2023, with a focus on debt reduction and investments in the business.
The company faces challenges in legacy projects and cash requirements but sees opportunities in energy transition and robust new award prospects.
Overall, Fluor remains optimistic about its prospects and is actively pursuing strategic initiatives to drive growth and profitability.

Fluor reports strong Q2 earnings and eyes global growth opportunities

Fluor's Q2 2023 earnings call highlighted robust financial performance, diverse segment profits, and raised guidance, showcasing resilience and growth potential.
The company's strategic partnerships, successful project bids, and focus on operational efficiency position it well for future market opportunities and sustained profitability.
While facing challenges in margin improvements and market dynamics, Fluor's strong performance and expertise in complex projects offer opportunities for continued growth and success.
Overall, Fluor's performance in Q2 2023 reflects a solid foundation for future growth, supported by strategic initiatives and a diversified project portfolio.

Fluor reports robust Q3 earnings, AI adoption drives growth

Fluor's Q3 2023 performance showcased revenue growth, strong backlog, and improved financial metrics, underpinned by AI adoption and strategic focus.
While challenges like NuScale monetization and project execution risks exist, opportunities in talent acquisition and market trends offer avenues for growth.
Overall, Fluor's positive outlook for 2023 and 2024, along with confidence in performance, signal a promising trajectory for the company.

Fluor reports strong revenue growth and capital improvements in Q4

Fluor's 2023 performance showed revenue growth and profitability, with positive outlooks for 2024 and beyond.
The company's strengths lie in community impact, successful awards conversion, and capital structure improvements.
Challenges include segment profit variations and analyst concerns, while opportunities exist in upcoming awards and client spending trends.

Fluor reports solid Q1 performance, eyes growth opportunities ahead

Fluor's Q1 2024 performance showcased revenue growth, strong segment profits, and a high win rate, with challenges in Energy Solutions and cash flow lumpiness.
The company's strengths include substantial backlog growth, strategic pursuit criteria, and a focus on fair contract terms to mitigate losses.
Opportunities lie in linear bookings ramp-up, return to U.S. profitability, and managing geopolitical risks for sustained growth.
Despite challenges, Fluor's financial outlook remains positive, with expectations of improved cash flow and decreased legacy funding by year-end.

Fluor excels in Q2 2024, faces margin challenges amid growth

Fluor delivered a strong performance in Q2 2024 with significant revenue, new awards, and segment profits.
While facing challenges in maintaining margins and navigating industry dynamics, the company's diversified portfolio and strong backlog provide a foundation for growth.
Opportunities lie in high-value projects, operational enhancements, and strategic leadership changes, positioning Fluor for future success.

Fluor reports solid Q3 earnings, eyes growth amid challenges

Fluor's Q3 performance reflects a mix of strong revenue, varied segment profits, and improved cash flows, underlining financial resilience.
While facing challenges in certain segments and adjusted guidance, Fluor's robust backlog and strategic initiatives signal growth potential.
Opportunities lie in capital return plans, NuScale's technology lead, and post-legacy project stability, positioning Fluor for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Fluor Corp. is a holding company, which engages in the provision of engineering, procurement and construction (EPC), fabrication and modularization, and project management services. It operates through the following segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions segment focuses on energy transition markets, asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources. The Urban Solutions segment involves the provision of EPC, project management, and professional staffing services. The Mission Solutions segment includes the technical products to federal agencies and services to commercial nuclear clients. The Other segment consists of operations on AMECO, Stork and NuScale. The company was founded by John Simon Flour, Sr. in 1912 and is headquartered in Irving, TX.

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture team comprised of Fluor and The Lane Construction Corporation has completed construction of the Port Access Road project for the South Carolina State Port Authority (SCSPA) and South Carolina Department of Transportation (SCDOT) in Charleston, South Carolina. All lanes of traffic are now open to the public. The second and final phase was completed ahead of schedule and consists of the new Bainbr

Fluor-Led Charleston Port Access Road Project Completed in South Carolina

Fluor's (FLR) fourth-quarter 2021 results reflect higher new awards and continued progress on the company's cost optimization program.

Fluor's (FLR) Q4 Earnings Beat, Revenues Lag, Stock Down

Fluor Corporation (FLR) CEO David Constable on Q4 2021 Results - Earnings Call Transcript

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today its financial results for its year ended December 31, 2021. Revenue for 2021 was $12.4 billion and net income from continuing operations resulted in a loss of $144 million, or $1.46 per diluted share. Excluding $198 million in pre-tax expenses related to the Dutch defined benefit pension settlement in the fourth quarter and certain other adjustments outlined in the table at the end of this release, adjusted earnings p

Fluor Reports Fourth Quarter and Full Year 2021 Results

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further lower the Company's overall borrowing costs. These key performance indicators will be based on a future agreement with BNP Paribas and BofA Securities, Inc. as sustainability coordinators. “One of the key objectives Fluor co

Fluor Extends and Expands Credit Facility and Links Borrowing Costs to Future Environment, Social and Governance Performance Indicators

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced that Alan Boeckmann, the company's current executive chairman, will not stand for re-election at the annual shareholders meeting on May 5, 2022. Fluor's Chief Executive Officer (CEO) David Constable has been appointed by the board of directors to succeed Boeckmann as chairman in addition to his CEO role. “Alan rejoined Fluor's board as executive chairman in 2019 and has served Fluor Corporation for nearly 40 years in leader

Alan Boeckmann to Retire as Executive Chairman of Fluor

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) and its joint venture partner Walsh Construction Company broke ground today to rebuild and straighten a section of Chicago Transit Authority's (CTA) North Main Line Red and Purple Line track structure, a portion of track on the historic Red and Purple Modernization (RPM) Phase One Project that has been slowing traffic for more than a century. When the North Main line was constructed more than 100 years ago, the tracks were built arou

Fluor Joint Venture Begins Work to Reconstruct Chicago Transit Authority's North Main Curve to Speed Service

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Tricia Thibodeaux, Fluor's executive director of global Health, Safety and Environmental, has been named vice chair of the Construction Industry Institute (CII) for 2022. Most recently, Thibodeaux has served on the board of advisors and as part of the organization's executive committee. She was the recipient of the organization's Distinguished Service Award in 2019. “Tricia has an excellent track record in Fluor

Fluor's Tricia Thibodeaux Named Vice Chair of the Construction Industry Institute for 2022

Fluor Corporation is a multinational engineering and construction firm. I am very optimistic about the new strategy "Building a Better Future" introduced by management in 2021.

Fluor Corporation: Transformation And New Energy Projects Imply Higher Stock Prices

Fluor (FLR) is set to support the U.S. GSA for five years, with three five-year option periods.

Fluor (FLR) Wins 5-Year MAS Contract for Mission Solutions Unit

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. General Services Administration (GSA) awarded the company a position on the Multiple Award Schedule (MAS) contract. The indefinite-delivery/indefinite-quantity contract has a 5-year base period with three 5-year option periods. As a company selected for a position on the contract, Fluor is now eligible to compete for task orders within the Facilities Category and the Professional Services Category of the

Fluor Awarded Position on U.S. General Services Administration's Multiple Award Schedule Contract

Brookfield Infrastructure Partners L.P.

Caterpillar

Crown Castle International

Enterprise Products Partners

Nucor

iShares US Infrastructure ETF

The $1.2 trillion infrastructure bill has become law. These are seven of the best infrastructure stocks to buy in the month of January.

7 of the Best Infrastructure Stocks for 2022 to Buy Now

IRVING, Texas & AMSTERDAM--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with Balast Nedam and Heijmans completed the A9 public-private-partnership roadways project in Amsterdam. With a focus on sustainable construction, the project team installed more than 5,000 solar panels on the roof of the tunnel that generate enough electricity to power the equivalent of 600 homes. The project consisted of the upgrade and expansion of 7 kilometers of the existing A9

Fluor-Led JV Completes A9 Roadways Project in Amsterdam

LOS ANGELES--(BUSINESS WIRE)--Climatetech innovator Mote announced today it is establishing its first facility to convert wood waste into hydrogen fuel while capturing, utilizing, and sequestering carbon dioxide (CO2) emissions resulting from its process. It's estimated that more than 500 million metric tons of wood and agricultural waste are generated every year in the U.S., which today is either disposed of via natural decay, landfills, or open-air burn, all of which return carbon to the atmo

World's First Carbon Removal Plant Converting Wood Waste to Hydrogen

Spring Valley Acquisition Corp.

The construction company backed a start-up, and that company is going public via a blank check company.

Why Fluor Stock Jumped Nearly 10% in Early Trading Today

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that NuScale Power, LLC, in which Fluor is the majority investor, has signed a merger agreement with Spring Valley Acquisition Corp. (NASDAQ: SV) (Spring Valley). Fluor has invested more than $600 million in NuScale Power since 2011 to help bring its technology to market. The proposed transaction is anticipated to close in the first half of 2022 subject to customary closing conditions. Upon completion of the transacti

Fluor-Backed NuScale Power Signs Agreement to Accelerate Small Modular Reactor Commercialization

Fluor (FLR)-led JV to revamp the country's two nuclear production sites with the latest contract wins.

Fluor (FLR) JV Wins $28B Contract from NNSA, Boosts Backlog (revised)

Fluor (FLR)-led JV to revamp the country???s two nuclear production sites with the latest contract wins.

Fluor (FLR) JV Wins $2.8B Contract From NNSA, Boosts Backlog

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan will engage in a question and answer fireside chat on Thursday, December 2, 2021 at 9:30 a.m. Eastern Time. A live webcast of the event will be available on the Fluor investor relations website at investor.fluor.com. A replay of the webcast will be available for 30 days. About Fluor Corporation Fluor Corporation (NYSE: FLR) is buildin

Fluor to Participate in the Credit Suisse 9th Annual Industrials Conference

IRVING, Texas--(BUSINESS WIRE)--Fluor-led Team Selected for Y-12 National Security Complex and Pantex Plant Management and Operating Contract by U.S. DOE's NNSA.

Fluor-led Team Selected for Y-12 National Security Complex and Pantex Plant Management and Operating Contract by U.S. Department of Energy's National Nuclear Security Administration

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

Fluor (FLR) Now Trades Above Golden Cross: Time to Buy?

IRVING, Texas--(BUSINESS WIRE)-- #AdvancedTechnologies--Fluor's Advanced Technologies & Life Sciences Business Recognized with Three Construction Industry Awards

Fluor Wins Three Construction Project Industry Awards

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture team with Walsh Construction Company has reached the first major milestone of the Chicago Transit Authority's (CTA) historic Red and Purple Modernization Phase One Project with the completion of a rail bypass structure that will eliminate a century-old bottleneck on the CTA's Red, Purple and Brown lines. The first train to travel the bypass, where an intersection has slowed traffic for millions

Fluor Joint Venture Reaches Milestone with Completion of Bypass Structure as Part of Chicago Transit Authority's Red and Purple Modernization Program

BofA analyst Michael Feniger upgraded Fluor Corp (NYSE:FLR) to Neutral from Underperform with a $24 price target, implying an upside of 2.7%. Feniger says the sector's CAPEX forecasts continue to observe positive revisions on rising commodity prices.

BofA Upgrades This Engineering Construction Company

Volta

These infrastructure stocks could be worth keeping an eye on this week as the infrastructure bill moves forward.

News for Fluor Stock (FLR)