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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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 (FLR) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.07 per share a year ago.

Fluor (FLR) Q3 Earnings and Revenues Surpass Estimates

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its third quarter ended September 30, 2023. Revenue for the quarter was $4.0 billion and net earnings attributable to Fluor were $206 million, or $1.15 per diluted share. Consolidated segment profit1 for the quarter was $276 million compared to $31 million profit in the third quarter of 2022. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recogniz.

Fluor Reports Third Quarter 2023 Results

Focus on strategic initiatives, diversified business, NuScale nuclear projects and cost-saving moves is likely to have benefited Fluor's (FLR) Q3 performance.

Fluor (FLR) Gears Up to Report Q3 Earnings: What's in Store?

Fluor Corporation focuses on energy, urban solutions, and mission solutions, positioning it well for long-term trends. Climate change is increasing the frequency of extreme weather events, providing a natural hedge and upside opportunity for Fluor. Fluor's infrastructure focus and US presence make it relevant to infrastructure trends and macroeconomic activity.

Fluor Corporation: A Hedge Against Hurricanes And Inflation

IRVING, Texas--(BUSINESS WIRE)-- #FluorBuildsABetterWorld--Fluor Awarded FEED Contract for World's First Industrial-Scale Sodium-Ion Battery Production Facility.

Fluor Awarded FEED Contract for World's First Industrial-Scale Sodium-Ion Battery Production Facility

Fluor's (FLR) Stork UK business to help Sellafield's nuclear site in the U.K.

Fluor's (FLR) Stork UK Wins 3-Year Contract From Sellafield

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Fluor (FLR) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Fluor (FLR) Is a Great Choice for Value Investors

Fluor's (FLR) Mission Solutions business to help in the management and operation of the NNL.

Fluor's (FLR) Unit Wins NNSA Contract Extension From DOE

IRVING, Texas--(BUSINESS WIRE)-- #FluorBuildsABetterWorld--Fluor Receives Five-Year Contract Extension for Naval Nuclear Propulsion Program.

Fluor Receives Five-Year Contract Extension for Naval Nuclear Propulsion Program

Fluor (FLR) will provide front-end engineering and design (FEED) and procurement services for Cormorant's blue ammonia production facility.

Fluor (FLR) Selected by Cormorant for its Blue Ammonia Plant

Biden's infrastructural push, business diversity, strategic initiatives and solid prospects are set to drive Fluor's (FLR) stock higher.

Here's Why Investors Should Buy Fluor (FLR) Stock Right Now

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Despite Fast-paced Momentum, Fluor (FLR) Is Still a Bargain Stock

Fluor's (FLR) subsidiary, Fluor Marine Propulsion, secures a $1.36 billion contract to bolster Naval Nuclear Propulsion work.

Fluor's (FLR) Unit Wins $1.36B Naval Nuclear Propulsion Contract

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) (the “Company” or “Fluor”) announced today that it has exercised its mandatory conversion rights on its outstanding Series A 6.50% Cumulative Perpetual Convertible Preferred Stock (the “Preferred Stock”). All of the outstanding shares of Preferred Stock will automatically convert to shares of the Company's common stock, $0.01 par value (“Common Stock”) plus a cash payment equal to the Mandatory Conversion Make-Whole Amount, effective.

Fluor Announces Full Mandatory Conversion of Series A 6.50% Cumulative Perpetual Convertible Preferred Stock

Fluor Corporation stock has returned over 21% in the past 11 weeks, easily outperforming the S&P 500. Technical indicators suggest further gains for FLR, with strong momentum and a history of rising prices. Forward-looking earnings projections for Fluor have been increasing, with a 21%+ increase in the fiscal 2023 bottom-line estimate in the past month alone.

Fluor: Energy Segment Continuing To Drive The Company Forward

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Fluor (FLR) to divest its Stork business in Belgium, Germany and the Netherlands as well as the turbo blading manufacturing operation in the US to Bilfinger SE.

Fluor (FLR) to Divest Stork European Business to Bilfinger

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Company has entered into a settlement agreement with the U.S. Securities and Exchange Commission (“SEC”) resolving the previously disclosed SEC investigation of the Company. As reflected in the administrative Order (“Order”) filed by the SEC today, the investigation pertained to the Company's accounting on two lump sum engineering, procurement and construction contracts. The Company settles the matter neither.

Fluor Corporation Statement on SEC Settlement

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Fluor (FLR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) (“Fluor” or the “Company”) today announced the expiration of its cash tender offer to purchase (the “Offer”) any and all of the outstanding 3.500% Senior Notes due 2024 (the “2024 Notes”). The tender offer described herein was made on the terms and conditions set forth in the Offer to Purchase, dated August 7, 2023 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery. Capitalized terms used but not defined in this.

Fluor Corporation Announces Expiration of Cash Tender Offer for Its 3.500% Senior Notes Due 2024

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) (“Fluor” or the “Company”) today announced the pricing of its cash tender offer to purchase (the “Offer”) any and all of the outstanding 3.500% Senior Notes due 2024 (the “2024 Notes”) on the terms set forth in the table below. The table below sets forth the applicable Reference Yield and Consideration for the 2024 Notes, as calculated at 11:00 a.m., New York City time, today, August 11, 2023, in accordance with the Offer to Purchase.

News for Fluor Stock (FLR)