Fluor Corporation (NYSE: FLR) is a global professional services firm that provides engineering, procurement, construction (EPC), fabrication and modularization, and project management services. The company serves diverse industries worldwide, including advanced technologies and manufacturing, chemicals, infrastructure, life sciences, LNG, mining and metals, nuclear project services, energy transition, and oil and gas production and fuels. Fluor also offers services to the U.S. federal government and governments abroad, delivering solutions across various sectors.
- Urban Solutions - Provides EPC and project management services to industries such as advanced technologies and manufacturing, life sciences, mining and metals, and infrastructure. Includes operations and maintenance business, professional staffing services, and Plant & Facility Services.
- Energy Solutions - Offers EPC services for traditional oil and gas markets, including production and fuels, chemicals, LNG, and power markets. Supports energy transition markets, including nuclear power, asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, and hydrogen.
- Mission Solutions - Delivers high-end technical solutions to the U.S. and other governments, including agencies like the DOE, Department of Defense, FEMA, and intelligence agencies. Also serves commercial nuclear clients.
- Other - Encompasses various smaller operations and services that do not fall under the main segments.
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| Customer | Relationship | Segment | Details |
|---|---|---|---|
U.S. Government | Multiple contracts for engineering and technical solutions with agencies including DOE, DOD, FEMA, etc. | All | 2024: $2,610 million (16% of $16,315 million) • 2023: 9% of total revenue • 2022: 16% of total revenue |
Recent press releases and 8-K filings for FLR.
- Fluor reported Q2 2025 revenue of $4 billion , consolidated segment profit of $78 million , adjusted EBITDA of $96 million , and adjusted EPS of $0.43. The company experienced an operating cash outflow of $21 million for the quarter.
- New awards for Q2 2025 totaled $1.8 billion , bringing year-to-date new awards to $7.6 billion , with total backlog remaining around $28 billion.
- The company revised its full-year 2025 guidance, with adjusted EBITDA now expected to be $475 million to $525 million and adjusted EPS between $1.95 and $2.15. Operating cash flow guidance was also revised down to $200 million to $250 million for the full year.
- Fluor noted market hesitation due to trade policy, cost escalation, and interest rates, leading to project cancellations or extended deferrals. The company also reduced its share repurchase cadence for 2025 to $450 million to $500 million.