Earnings summaries and quarterly performance for FLUOR.
Executive leadership at FLUOR.
Board of directors at FLUOR.
AM
Alan M. Bennett
Detailed
Director
CP
Charles P. Blankenship Jr.
Detailed
Director
HP
H. Paulett Eberhart
Detailed
Director
JT
James T. Hackett
Detailed
Lead Independent Director
LG
Lisa Glatch
Detailed
Director
MK
Matthew K. Rose
Detailed
Director
RT
Rosemary T. Berkery
Detailed
Director
TP
Teri P. McClure
Detailed
Director
TC
Thomas C. Leppert
Detailed
Director
Research analysts who have asked questions during FLUOR earnings calls.
AJ
Andrew J. Wittmann
Robert W. Baird & Co.
4 questions for FLR
Also covers: ABM, ACM, APG +17 more
Jamie Cook
Truist Securities
4 questions for FLR
Also covers: ACM, AGCO, AME +17 more
Michael Dudas
Vertical Research Partners
4 questions for FLR
Also covers: AA, ACM, ARCH +15 more
Andrew Kaplowitz
Citigroup
3 questions for FLR
Also covers: ACM, AOS, APG +29 more
SJ
Sangita Jain
KeyBanc Capital Markets
2 questions for FLR
Also covers: ACM, CTRI, DY +9 more
SF
Steven Fisher
UBS
2 questions for FLR
Also covers: ACM, AGCO, BBCP +22 more
Brent Thielman
D.A. Davidson
1 question for FLR
Also covers: AAON, ACA, APOG +27 more
JA
Judah Aronovitz
UBS Group AG
1 question for FLR
Also covers: ACM, J, MLM +2 more
JG
Judah Grodin
UBS
1 question for FLR
Recent press releases and 8-K filings for FLR.
Orbia Fluor & Energy Materials Completes Custom Electrolyte Facility Expansion
FLR
New Projects/Investments
Revenue Acceleration/Inflection
- Orbia Fluor & Energy Materials completed the expansion of its Custom Electrolyte facility in Madison, Wisconsin, in early December 2025, increasing its production capacity by approximately 300%.
- The fully operational facility aims to meet surging demand for battery electrolytes, supporting domestic sourcing and enhancing supply chain resilience.
- The global battery electrolyte market, valued at U.S. $9.5 billion in 2024, is forecasted to reach U.S. $22 billion by 2030, indicating significant growth potential for Orbia's expanded operations.
7 days ago
Fluor Joint Venture Completes Second Production Train for LNG Canada
FLR
New Projects/Investments
- Fluor, in a joint venture with JGC Corporation, has completed Train 2 of the LNG Canada Project, signifying the completion of the first phase of Canada’s initial LNG mega-project in Kitimat, British Columbia.
- The LNG Canada facility is designed to export Canadian natural gas to global markets, boasting an annual production capacity of up to 14 million tonnes of LNG.
- The project emphasized economic sustainability, with over $3.3 billion CAD spent on goods and services contracted with Indigenous businesses and joint ventures, and more than $550 million CAD with local area businesses.
Dec 8, 2025, 2:18 PM
Fluor and JGC Announce Completion of LNG Canada Project's First Phase
FLR
New Projects/Investments
Product Launch
- Fluor Corporation and JGC Corporation have completed Train 2 of the LNG Canada project, marking the completion of the first phase of Canada's largest liquefied natural gas export terminal with a capacity of 14 million tonnes per year.
- The $40 billion facility, a joint venture led by Shell, began production at its first liquefaction train on June 22, 2025, with the second train launched the following month.
- Following this milestone, Fluor and JGC are engaged in front-end engineering and design updates for a proposed second phase that would double the terminal's capacity to 28 million tonnes per year, a project the Canadian government has identified as a priority to fast-track.
Dec 8, 2025, 7:02 AM
Fluor Discusses Strategic Shifts, NuScale Exit, and 2026 Outlook
FLR
Share Buyback
New Projects/Investments
Guidance Update
- Fluor has significantly shifted its business model, with 80%-85% of its backlog now comprising reimbursable contracts, moving away from higher-risk lump sum projects.
- The company plans an orderly liquidation of its 111 million share stake in NuScale (SMR), with the investment remaining on the balance sheet as of December 31, 2025, and the initial phase of the structured sale anticipated by mid-Q1 2026.
- Fluor expects EBITDA growth into 2026, supported by the completion of legacy projects, increased activity in life sciences, and contributions from mining and metals, including half of four key copper projects projected to reach Final Investment Decision (FID) in 2026.
- Fluor aims to repurchase $800 million in stock by the end of February, funded in part by the NuScale conversion and core operations, projecting an EBITDA to cash conversion rate of 60%-70%.
Nov 12, 2025, 1:20 PM
Fluor Discusses Strategic Shift, NuScale Exit, and 2026 Growth Outlook
FLR
Guidance Update
New Projects/Investments
Share Buyback
- Fluor has significantly de-risked its business model, with its backlog now 80%-85% reimbursable and new awards almost exclusively reimbursable, moving away from higher-risk lump sum contracts.
- The company plans an orderly exit of its 111 million share stake in NuScale, with the first phase of the structured sale expected to conclude by mid-Q1 2026.
- Fluor anticipates sequential growth in its EBITDA run rate into 2026, driven by the completion of legacy projects, ramp-up in life sciences (including a GLP-1 plant for Lilly), mining, power, and SRPPF activities.
- Fluor is committed to returning capital to shareholders, planning to buy back $800 million in stock by the end of February, funded partly by the NuScale stake conversion and core operations. The EBITDA to cash conversion rate is expected to be 60%-70%, with a 25% tax drag on EBITDA going forward.
Nov 12, 2025, 1:20 PM
Fluor discusses strategic shifts, NuScale exit, and future growth drivers
FLR
New Projects/Investments
Share Buyback
Guidance Update
- Fluor has diversified its business, with 80-85% of its backlog now consisting of reimbursable contracts, a significant shift from previous high-risk lump sum projects.
- The company plans an orderly exit of its 111 million share stake in NuScale (SMR) by mid-Q1 2026, having invested $500 million in NuScale over a decade ago.
- Fluor anticipates EBITDA growth into 2026, driven by the completion of legacy projects, ramp-up in life sciences, and new opportunities in mining/metals and power.
- The company expects an EBITDA to cash conversion rate of 60-70% and plans an $800 million share buyback by the end of February, partially funded by the NuScale stake conversion.
Nov 12, 2025, 1:20 PM
Fluor Reports Q3 2025 Results and Updates FY 2025 Guidance
FLR
Earnings
Guidance Update
Share Buyback
- Fluor reported a net loss attributable to Fluor of $(697) million and Adjusted EPS of $0.68 for Q3 2025, primarily impacted by a $533 million loss in the Energy Solutions segment due to a $653 million court ruling related to the Santos project.
- For FY 2025, the company projects Adjusted EBITDA between $510 million and $540 million, Adjusted EPS of $2.10 to $2.25, and Operating Cash Flow of $250 million to $300 million.
- The Urban Solutions segment's backlog reached $20.5 billion in Q3 2025, accounting for 73% of the total backlog.
- Fluor plans to begin monetizing its NuScale shares in November 2025, concluding by Q2 2026, and has set a new share repurchase target of $800 million through February.
- The company expects deferred awards to impact 2026 EBITDA growth, with approximately $90 billion in new awards anticipated between 2026 and 2028.
Nov 11, 2025, 7:00 AM
Fluor Reports Q3 2025 Revenue and Net Loss, Raises Full-Year Profit Outlook
FLR
Earnings
Guidance Update
Legal Proceedings
- Fluor Corporation reported third-quarter 2025 revenue of $3.37 billion and a GAAP net loss of $697 million, primarily driven by a $653 million litigation-related reversal tied to the Santos project and a $401 million mark-to-market impact from NuScale's share price decline.
- Despite the net loss, adjusted EPS increased 33% to $0.68 and adjusted EBITDA rose 29% to $161 million in Q3 2025, leading the company to raise its full-year 2025 guidance for adjusted EPS to $2.10–$2.25 and adjusted EBITDA to $510–$540 million.
- The company maintained a strong backlog of $28.2 billion, with 82% reimbursable, and secured $3.3 billion in new awards, 99% of which are reimbursable, reflecting a strategic shift towards lower-risk contracts.
- Fluor announced plans to accelerate capital returns, including repurchasing $70 million of shares in Q3 and targeting an additional $800 million through February 2026, alongside monetizing its NuScale investment by mid-2026.
Nov 8, 2025, 12:47 AM
Fluor Reports Q3 2025 Results with Significant Legal Impact
FLR
Earnings
Legal Proceedings
Guidance Update
- Fluor reported Q3 2025 revenue of $3.4 billion and new awards of $3.3 billion, contributing to an ending backlog of $28.2 billion.
- The company posted a Q3 2025 consolidated segment loss of $439 million and diluted EPS of $(4.30), primarily due to a $653 million court ruling related to the Santos project. Adjusted EPS for the quarter was $0.68.
- A major monetization milestone for the NuScale investment was achieved, with Class A share monetization starting in November 2025 and expected to finish in Q2 2026. Fluor also set a new share repurchase target of $800 million through February.
- The company reaffirmed its FY 2025 guidance, projecting adjusted EBITDA between $510 million and $540 million and adjusted EPS between $2.10 and $2.25.
Nov 7, 2025, 1:30 PM
Fluor Reports Q3 2025 Results, Raises Full-Year Guidance, and Details NuScale Monetization and Share Buyback Plans
FLR
Earnings
Guidance Update
Share Buyback
- Fluor reported Q3 2025 revenue of $3.4 billion, which included a $653 million revenue reversal in energy solutions related to the Santos litigation, resulting in a consolidated segment loss of $439 million. Despite this, the company achieved adjusted EBITDA of $161 million and adjusted EPS of $0.68 for the quarter.
- The company increased its full-year 2025 adjusted EBITDA guidance to $510-$540 million and adjusted EPS guidance to $2.10-$2.25. Operating cash flow expectations for the full year also rose to $250-$300 million, excluding the anticipated payment to Santos.
- Fluor announced the conversion of its remaining NuScale investment into Class A shares, with monetization set to begin next week and expected to conclude by Q2 2026. The company plans an additional $800 million in share repurchases through February, aiming for total repurchases of $1.3 billion over a 15-month period starting December 2024.
- Consolidated new awards for Q3 2025 were $3.3 billion, with the total backlog remaining around $28 billion, of which 82% is reimbursable.
Nov 7, 2025, 1:30 PM
Quarterly earnings call transcripts for FLUOR.
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