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.

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that MEGlobal's world-scale 750,000 metric-ton-per-annum monoethylene glycol and diethylene glycol facility built in Oyster Creek, Texas, was named a Best of the Best Project in the Energy/Industrial category by Engineering News-Record (ENR). The project was co-submitted by MEGlobal, Fluor and Worley (general contractor). Fluor served as construction contractor on the project which began operations in October 2019 and

Fluor's MEGlobal BookraMEG Project Named Best of the Best by Engineering News-Record

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Fluor (FLR) is set to provide estimating, development, design and engineering services for UAMPS' Carbon-Free Power Project.

Fluor (FLR) Gets Services Contract for Utah Nuclear Project

Fluor (FLR) realigns organizational structure and intends to divest Stork in a bid to focus more on core business.

Fluor (FLR) Realigns Business Structure, Aims to Divest Stork

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Utah Associated Municipal Power Systems (UAMPS) awarded the company a cost-reimbursable development agreement to provide estimating, development, design and engineering services for its Carbon-Free Power Project. Fluor will book the initial undisclosed value in the first quarter of 2021 and as it accrues. “Fluor's development agreement with UAMPS for its Carbon-Free Power Project is a monumental milestone toward

Fluor Awarded Reimbursable Services Contract for North America's First Small Modular Nuclear Reactor Project by Utah Associated Municipal Power Systems (UAMPS)

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy. Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments: Energy Solutions, Urban Solutions and Mission Solutions. Energy Solutions, led by Jim Breuer, will be focused on energy transition, chemicals and traditional oil and gas opportunities.

Fluor Announces New Business Segments and Intent to Divest Its Maintenance Services Business

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it will host a virtual strategy day for analysts and investors on Thursday, January 28, from 9 a.m. to 11:30 a.m. EST. The event will feature presentations by Chief Executive Officer David Constable, along with other members of Fluor's senior management leadership team. Management will outline its new strategy to drive long-term shareholder value. A live question and answer session will follow the presentation. T

Fluor to Host Virtual Strategy Day on January 28, 2021

Fluor (FLR) reported earnings 30 days ago. What's next for the stock?

Fluor (FLR) Down 2.6% Since Last Earnings Report: Can It Rebound?

IRVING, Texas & UTRECHT, the Netherlands--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor's Diversified Services segment, was awarded a 26-month maintenance contract extension by Sitech Manufacturing Services in the Netherlands. Fluor will book the undisclosed value in the fourth quarter of 2020. “We are pleased that Sitech extended the contract with Stork to be their continued partner of choice for the coming years,” said Taco de Haan, president of Stor

Stork Awarded Maintenance Contract by Sitech in the Netherlands

Fluor Corporation (FLR) CEO Carlos Hernandez on Q3 2020 Results - Earnings Call Transcript

Shares of Fluor (NYSE:FLR) decreased 1.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 80.00% over the past year to $0.14, which missed the estimate of $0.27.

Fluor: Q3 Earnings Insights

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Revenue for the quarter was $3.8 billion and net earnings from continuing operations attributable to Fluor was $19 million, or $0.14 per share. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. Operating cash flow in the quarter was $80 million. New awards for the third quarter were $1.7 billion and ending backlo

Fluor Reports Third Quarter 2020 Results

On Thursday, December 10, Fluor (NYSE:FLR) will release its latest earnings report. Here is Benzinga's outlook for the company.

Fluor's Earnings: A Preview

The market foresees a turnaround in the construction and engineering company's fortunes.

3 Big Reasons Fluor Stock Jumped 52.2% in November

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Fluor (FLR) Up 29.9% Since Last Earnings Report: Can It Continue?

IRVING, Texas & ABERDEEN, Scotland--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor's Diversified Services segment, was awarded a framework agreement for inspection quality assurance services by Sellafield Limited for its nuclear site in the United Kingdom. Fluor will book the contract value in the fourth quarter of 2020. “Stork is extremely pleased to have been awarded this specialist services contract by Sellafield,” said Taco de Haan, Stork's presiden

Stork Awarded Inspection Quality Assurance Framework Agreement for Sellafield Nuclear Plant in the United Kingdom

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the company has reached an agreement with Sargent & Lundy to collaborate with joint marketing and design services for the execution of new NuScale Power small modular nuclear reactor plants in North America. “Fluor has been a leader in serving the nuclear industry for more than 70 years including the design and construction support for more than 25 units, plus nearly 100 million hours of operations and mainte

Fluor and Sargent & Lundy Agree to Collaborate on New Carbon-Free Small Modular Nuclear Reactor Projects

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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. Results for the quarter reflect the impact to its operations due to a severe downturn in the economy related to COVID-

Fluor Reports Second Quarter 2020 Results

The stock of Fluor Corp, an engineering, procurement, construction and maintenance company, is up 22% in the past one month. Compared to this, the S&P 500 moved up only 0.5%.

Should You Invest In Fluor Corp After Its Impressive Gains?

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Why Fluor Stock Jumped 28.8% in October and Is Rallying Further

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Board of Directors has appointed David E. Constable, a member of the Board of Directors, to serve as Chief Executive Officer of Fluor, effective January 1, 2021. Pursuant to New York Stock Exchange Rule 303A.08, Fluor notes that the compensation arrangements approved by the Organization and Compensation Committee of the Board of Directors for Constable, which are described in Fluor's Current Report on Form 8-

Fluor Grants Inducement Award Pursuant to NYSE Rule 303A.08

The construction company laid out a major change that will take place at the end of the year. Here's what you need to know.

News for Fluor Stock (FLR)