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

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Earnings data Q3 2023

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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.

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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.

Fluor Corporation (FLR) CEO David Constable on Q3 2021 Results - Earnings Call Transcript

Fluor's end markets are reviving, and it sees stronger days ahead.

Why This Infrastructure Stock Popped More Than 10% Friday

Fluor's (FLR) third-quarter 2021 results reflect higher new awards, cost savings, debt reduction and an upbeat view.

Fluor's (FLR) Stock Up on Q3 Earnings Beat, 2021 View Raised

Fluor Corp (NYSE: FLR) reported a third-quarter FY21 revenue decline of 10.1% year-over-year to $3.1 billion, beating the consensus of $2.76 billion. Sales by segments: Energy Solutions $1.37 billion (+2.1% Y/Y), Urban Solutions $1.01 billion (-23.7% Y/Y) and Mission Solutions $723 million (-8.4% Y/Y).

Fluor Stock Gains After Q3 Beat, Raised FY21 Outlook

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its third quarter ended September 30, 2021. Revenue for the quarter was $3.1 billion, and net income from continuing operations was $47 million, or $0.26 per share. Excluding favorable foreign currency effects and certain other adjustments outlined in the table at the end of this release, adjusted earnings per diluted share (EPS) were $0.23. Adjusted EPS share count of 170 million reflects the effect o

Fluor Raises 2021 Guidance and Reports Third Quarter 2021 Results

Fluor Corp (NYSE: FLR) stated that the Fluor Petrosea Joint Organization (FPJO) joint venture has been selected by PT Freeport Indonesia to install a new grinding mill at Grasberg copper and gold mining district in Papua, Indonesia. Financial terms were not disclosed.

Fluor-Led JV Secures Contract To Install Grinding Mill In Indonesia

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with Petrosea – Fluor Petrosea Joint Organization (FPJO) – has been selected by PT Freeport Indonesia to install a new grinding mill at its Grasberg copper and gold mining district in Papua, Indonesia. Fluor booked its undisclosed portion of the contract in the third quarter of 2021. FPJO will construct a third semi-autogenous grinding (SAG) mill adjacent to the existing milling facilities as th

Fluor-led JV Awarded Contract to Install Grinding Mill at Grasberg Copper and Gold Mining District in Indonesia

Fluor Corp (NYSE: FLR) stated that the subsidiary Fluor Marine Propulsion, LLC's Department of the Navy contract has been extended through the fiscal year 2022. The one-year, cost-plus-fixed-fee option is valued at $1.16 billion.

Fluor Pockets $1.16B Contract Extension For Navy Nuclear Propulsion Work

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its Department of the Navy contract with Fluor Marine Propulsion, LLC, a wholly-owned subsidiary of Fluor, was extended through fiscal year 2022. The contract is part of a joint program, Naval Reactors, that is overseen by the Department of Energy's National Nuclear Security Administration and the Department of the Navy. The contract includes Naval Nuclear Propulsion work at the Navy Nuclear Laboratory (NNL) site

Fluor Receives $1.16 Billion Contract Extension for Navy Nuclear Propulsion Work

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has signed a memorandum of understanding (MOU) with Bulgarian Energy Holding EAD for the consideration of new nuclear units in Bulgaria. Bulgarian Energy Holding is comprised of a group of companies engaged in the electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining market in Bulgaria. “This new agreement exemplifies Fluor's strategy to deliver decarboni

Fluor to Collaborate with Bulgarian Energy Holding for Potential New Nuclear Power Units

BWX Technologies

U.S. Department of Energy (DOE) has selected Savannah River Mission Completion, LLC (SRMC), a joint venture led by a subsidiary of BWX Technologies Inc (NYSE: BWXT) with Fluor Corp (NYSE: FLR) and Amentum, to execute the Savannah River Site (SRS) Integrated Mission Completion Contract. The single IDIQ contract is valued at up to $21 billion over a 10-year ordering period of performance.

BWXT, Fluor JV Secures $21B Environmental Management Contract For DOE's Savannah River Site

Investors got excited by a major contract win.

Why Shares in Fluor Corporation Soared Today

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) selected Savannah River Mission Completion, LLC (SRMC)—a joint venture led by a subsidiary of BWX Technologies, Inc., with Fluor and Amentum—to execute the Savannah River Site (SRS) Integrated Mission Completion Contract. The single indefinite-delivery/indefinite-quantity contract is valued at up to $21 billion over a 10-year ordering period of performance. The contract's scope

Fluor Team Awarded Environmental Management Contract for Department of Energy's Savannah River Site

Fluor (FLR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Fluor (FLR) Keep the Earnings Surprise Streak Alive?

The macroeconomic backdrop for FLR is positive. The financials are fair.

The Momentum Investor: Spotlight On Fluor

Fluor (FLR) is set to support the Naval Nuclear Laboratory for another year.

Fluor (FLR) Wins $1.16B Contract Modification, Boosts Backlog

Fluor Corporation stock currently trades at $17 per share, around 16% below its pre-Covid-19 peak, and offers a good investment opportunity. Fluor, a professional services firm that provides engineering, procurement, construction, fabrication, and project management services, saw its stock trading.

Fluor Stock Is Trading 16% Below Its Pre-Covid Peak, Will It Recover?

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) (“Fluor” or the “Company”) today announced the early results of the previously announced offer to purchase for cash (the “Offer”) the notes listed in the table below (together, the “Notes”) for an aggregate purchase price, excluding accrued interest, of up to $400,000,000, subject to the terms and conditions of the Offer set forth in the Offer to Purchase dated August 31, 2021 (as it may be amended or supplemented from time to time,

Fluor Announces Early Results and Increase in Total Maximum Amount for Cash Tender Offer

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) (“Fluor” or the “Company”) today announced that it has commenced a cash tender offer to purchase (the “Offer”) the notes listed in the table below (together, the “Notes”) for an aggregate purchase price, excluding accrued interest, of up to $400 million (as it may be increased or decreased, the “Total Maximum Amount”); provided that the Company will only accept 2024 Notes up to an aggregate purchase price of $100 million (the “2024 N

Fluor Announces Cash Tender Offer

Fluor Corporation (FLR) CEO David Constable on Q2 2021 Results - Earnings Call Transcript

Fluor's (FLR) second-quarter 2021 results are hurt by reduced execution activities across the segments.

Fluor's (FLR) Stock Up on Q2 Earnings Beat, 2021 View Raised

Fluor Corp (NYSE: FLR) reported second-quarter revenue decline of 13% year-over-year to $3.236 billion, beating the consensus of $3.20 billion. Sales by segments: Energy Solutions $1.32 billion (-11.9% Y/Y), Urban Solutions $1.21 billion (-20% Y/Y) and Mission Solutions $707.1 million (-2.4% Y/Y).

Fluor Stock Gains On Q2 Earnings Beat, Raised FY21 EPS Guidance

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ended June 30, 2021. Revenue for the quarter was $3.2 billion, with a net loss from continuing operations of $14 million, or $0.08 per common share. Results for the quarter include a charge related to a legacy infrastructure project. Results were also negatively impacted by $49 million of foreign currency effects and certain other adjustments outlined in the table at the end of this

Fluor Raises 2021 Guidance and Reports Second Quarter 2021 Results

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with Austin Bridge & Road was selected by the Texas Department of Transportation (TxDOT) to design, construct and maintain Phase 2 of the Interstate 35E (I-35E) project from I-635 in Dallas to the Denton County line in Carrollton, Texas. Fluor will book its share of the approximately $640 million contract value in the third quarter of 2021. “This is a great example of Fluor's continued strat

Fluor Selected for Phase 2 of Interstate 35E Expansion Project in Dallas

Fluor Corp (NYSE: FLR) has been selected by the U.S. Navy's Naval Sea Systems Command for a 7½-year position on the SeaPort Next Generation (SeaPort NxG) IDIQ multiple-award contract. As a company selected for SeaPort NxG, Fluor is now eligible to compete for task orders across 23 functional areas, including engineering, financial management, and program management.

News for Fluor Stock (FLR)