FLR
Fluor Corporation42.86
-0.48-1.11%
Dec 16, 4:00:03 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A affirms guidance, details power deals
Q&A bolstered Fluor's 2026 guidance confidence, pinning 70%+ of EBITDA to backlog execution and deeming book-to-burn comfortable amid client optimism. Power prospects sharpened with hybrid contracts—reimbursable start, converting to 'smart lump sum'—targeting multiple gas-fired projects by 2027, while U.S. LNG FEED targets ancillary scope sans full-train risk. Urban's 3-4% margins trace to legacy drags; Mission's 6% lifts from Savannah River equity. Cash flows face JV taper, taxes. Power terms finally tilting Fluor's way. Management stayed bullish; watch awards, handovers.
Key Stats
Market Cap
6.93BP/E (TTM)
2.16Basic EPS (TTM)
19.80Dividend Yield
0%Recent Filings
8-K
Constable retires; Hackett named Chair
Fluor Corporation announced Executive Chairman David E. Constable's retirement effective May 6, 2026, after not standing for reelection at the annual meeting. Lead Independent Director James T. Hackett steps in as Chair on May 5; post-retirement, Constable inks a one-year consulting deal worth $525,200. Board expands to twelve, electing independent director Robert G. Card to Audit and Operational Risk Committees. Smooth transition preserves continuity.
10-K
FY2025 results
Fluor posted FY2025 revenue of $15.5B, down from $16.3B amid a $643M reversal tied to the long-closed Santos project judgment, yet Urban Solutions surged 27% y/y to $9.2B on life sciences and mining ramps while Mission Solutions grew 5% to $2.7B via DOE volume. Q4 saw Energy Solutions steady but overall segment profit cratered to a $(109)M loss from cost growth on three infrastructure projects—design errors, escalation, delays—hammering Urban margins to 2.2%. Q4 repurchased $389M in shares, targeting $1.4B in 2026 with $2.2B cash and $901M revolver capacity. Backlog dipped to $25.5B (81% reimbursable), but execution outpaced awards. Lump-sum risks loom large.
8-K
Fluor 2025 results: loss, strong backlog
Fluor reported 2025 revenue of $15.5 billion but a $51 million GAAP net loss, hit by a $643 million Santos ruling reversal and $2 billion Q4 NuScale valuation drop. New awards reached $12.0 billion with $25.5 billion backlog at 81% reimbursable; repurchased $754 million in shares. Cash stands strong at $2.2 billion. Adjusted EBITDA guidance: $525-$585 million for 2026.
8-K
Elliott named CAO
Fluor Corporation appointed James P. Elliott, its current Corporate Controller since 2025, as Chief Accounting Officer effective February 4, 2026. The 47-year-old rises from Director of Technical Accounting and Internal Reporting. No family ties or related transactions disclosed. Indemnification and change-in-control agreements follow.
8-K
Q3 loss from Santos; guidance raised
Fluor reported Q3 revenue of $3.4B, down 18% y/y due to a $653M Santos ruling reversal that drove a $697M GAAP net loss. Adjusted EBITDA hit $161M, up 29%, with $3.3B new awards (99% reimbursable) and $28.2B backlog (82% reimbursable). Cash flow stayed strong at $286M. Company raised 2025 adjusted EBITDA guidance to $510-540M and EPS to $2.10-2.25. NuScale stake monetization nears completion by Q2 2026.
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