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.

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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 (FLR) and COOEC JV is set to build and deliver jackets as well as suction caissons for the Seagreen 1 offshore wind project.

COOEC-Fluor JV Wins Seagreen 1 Wind Project in North Sea

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. (COOEC-Fluor) fabrication yard in Zhuhai, China, has been awarded a contract to fabricate jackets and suction caissons by Seaway 7, the Renewables business unit of Subsea 7, for phase one of the Seagreen offshore wind farm project (Seagreen 1) located in the North Sea off the coast of Scotland.

COOEC-Fluor Awarded Fabrication Contract for Wind Farm Development Project in the North Sea

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) provided the joint venture between Amentum, Fluor and Atkins—Central Plateau Cleanup Company LLC—the notice to proceed on the Central Plateau Cleanup Contract at the Hanford Site near Richland, Washington.

U.S. Department of Energy Provides Notice to Proceed to Fluor Team for Hanford Site Central Plateau Cleanup Contract

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has safely achieved mechanical completion of Valvoline’s new lubricants facility in Zhangjiagang, China, ahead of schedule. Fluor’s scope of work on the project included detailed engineering, procurement and construction management executed under a lump-sum services contract.

Fluor Completes New Valvoline Lubricants Facility in China Ahead of Schedule

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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Fluor-led joint venture LAX Integrated Express Solutions (LINXS) Constructors placed concrete for the first segment of the cast-in-place aerial guideway span for the Automated People Mover (APM) system under construction at Los Angeles International Airport (LAX). LINXS Constructors is the design-build joint venture comprised of Fluor, Balfour Beatty, Dragados USA and Flatiron contracted to construct the APM.

Fluor JV Places First Concrete for the Los Angeles International Airport Automated People Mover’s Aerial Guideway

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries, FDH JV, has successfully started up two boilers and they began generating steam in the new Al-Zour Refinery at the Kuwait Integrated Petrochemicals Industrial Company’s (KIPIC) Package 2 and 3 Project in Kuwait. Fluor is leading a joint venture that is working to deliver two engineering, procurement, fabrication and constru

Fluor Joint Venture Successfully Starts Up Boilers at New Al-Zour Refinery in Kuwait

IRVING, Texas--(BUSINESS WIRE)--In the contact information of release dated Aug. 31, 2020, Brian Mershon's phone number should read: 864.281.6484 (instead of 864.282.6484).

CORRECTING and REPLACING Fluor’s NuScale Power Achieves U.S. Nuclear Regulatory Commission Design Certification

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that NuScale Power, in which Fluor is the majority investor, received final design certification by the U.S. Nuclear Regulatory Commission (NRC), which is expected to advance the commercialization of NuScale’s small modular nuclear reactor (SMR) technology.

Fluor’s NuScale Power Achieves U.S. Nuclear Regulatory Commission Design Certification

As part on the ongoing efforts to focus on engineering, construction and maintenance services in core markets, Fluor (FLR) offloads AMECO.

Fluor Sells AMECO Business in Jamaica, Focuses on Core Areas

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully achieved final provisional turnover of the facilities for Kuwait National Petroleum Company’s (KNPC) Mina Abdullah Package 2 (MAB2) Clean Fuels Project in southern Kuwait. “This significant milestone marks the completion and successful handover of MAB2 facilities to KNPC,” said Mark Fields, president of Fluo

Fluor Joint Venture Achieves Final Provisional Turnover of the Facilities on Clean Fuels Megaproject in Kuwait

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the company has sold substantially all of the assets of AMECO Caribbean, Inc. to Stewart’s Automotive Group in Jamaica.

Fluor Sells AMECO Equipment Business in Jamaica

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that MEGlobal’s world-scale 750,000 metric-ton-per-annum monoethylene glycol and di-ethylene glycol facility built in Oyster Creek, Texas, was named Energy/Industrial Project of the Year for the Texas and Louisiana region by Engineering News-Record (ENR). Fluor served as construction contractor on the project which began operations in October 2019 and marked the first time that MEGlobal’s parent company, the EQUATE Pe

Fluor Corporation Chemicals Project Named Project of the Year by Engineering News-Record

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was given full notice to proceed by Gold Fields for its Salares Norte open pit gold mine in Chile. Fluor booked its portion of the undisclosed contract value in the second quarter of 2020.

Fluor Receives Full Notice to Proceed from Gold Fields for Salares Norte Gold Mining Project in Chile

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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Joe Brennan has been appointed as Fluor’s chief financial officer (CFO) effective July 22, 2020, following D. Michael Steuert’s decision to retire from the position.

Fluor Appoints Joe Brennan as Chief Financial Officer

Fluor (FLR) is set to help CRC achieve clean energy goals.

Fluor Wins FEED Contract for CRC's Carbon Capture Project

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was awarded a front-end engineering and design (FEED) contract for California Resources Corporation’s (CRC) carbon capture and sequestration project, Cal Capture, at the 550-megawatt, natural gas-powered Elk Hills Power Plant in Tupman, California. The FEED is being funded by the U.S.

Fluor Awarded Front-End Engineering and Design Contract for California Resources Corporation Carbon Capture Project

Fluor (FLR) and eight other companies are selected for DOE's IDIQ contract.

Fluor (FLR) Wins Position in Multiple Award IDIQ Contract

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) Office of Environmental Management selected the company for a position on the multiple award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to provide nationwide Deactivation, Decommissioning and Removal (DD&R) of facilities, waste management and program support. As one of nine companies selected, Fluor is eligible to compete for firm-fixed price and cost reimburse

Fluor Selected by U.S. Department of Energy for Position on Nationwide Indefinite Delivery/Indefinite Quantity Contract

Fluor (FLR) is set to optimize costs and improve operational efficiency in the Stork business.

Fluor's (FLR) Stork to Sell Equipment Rental Business EQIN

SAN DIEGO--(BUSINESS WIRE)--Kyriba, a leading cloud-based finance software network for CFOs and treasury leaders that enables global companies to maximize growth and reduce risk, announced its Working Capital Network offers finance solutions that have helped its clients and Fluor Corporation (NYSE:FLR), a global, publicly-traded engineering, procurement, construction (EPC) and maintenance company, optimize payment terms aiding Fluor and its suppliers during pandemic recovery. Kyriba’s working c

Kyriba Working Capital Network Benefits Fluor and its Suppliers During Pandemic Recovery

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, has come to an agreement with VE Partners to sell EQIN, Stork’s professional equipment rental business in Europe. This intended divesture is pending final approval by the Dutch Authority for Consumers and Markets (ACM). This transaction is in line with Fluor’s earlier announced plans to divest its construction rental businesses which is progressing as per plan.

Stork to Sell Equipment Rental Business EQIN

Fluor's (FLR) Stork is set to continue work at Chemistry Park Delfzijl of Delamine.

Fluor Gets Contract Extension From Netherlands' Delamine

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