FLR's Diversified Approach Strengthens Market Position Fluor Corporation's (FLR) infrastructure business has secured a construction contract from the Texas Department of Transportation (TxDOT) for the State Highway 6 project in College Station, TX. The $671 million bid-build contract will be recorded by the company in the first quarter of 2025. Construction is expected to start in summer 2025 and reach substantial completion by spring 2030. FLR Strengthens Partnership With TxDOT for Texas Infrastructure Flu ...

Fluor Corporation (NYSE: FLR ) recently reported its full-year results , which showed some slowing down in sales and margins. I wanted to go into a bit more detail about its operations and give some comments on the company’s outlook andMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options f ...

A month has gone by since the last earnings report for Fluor (FLR) . Shares have lost about 3.3% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Fluor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, estimates re ...

Fluor Corporation (FLR) led joint venture (JV), including Worley, Kazakh Institute of Oil and Gas and KazGiproNefteTrans Engineering Company, has successfully supported the completion and startup of Tengizchevroil’s (“TCO”) Future Growth Project (FGP).This revolutionary project at the Tengiz oil field in Kazakhstan has been supported by the Fluor-led joint venture since 2011, encompassing a series of engineering, procurement, construction, operations and maintenance services.FLR stock climbed 3% during Tues ...

Core Insights - Fluor Corporation (FLR) shares fell 8.4% following the release of disappointing fourth-quarter 2024 earnings, which missed expectations and declined from the previous year [1][2] Financial Performance - Adjusted earnings per share (EPS) for Q4 were 48 cents, missing the Zacks Consensus Estimate of 78 cents by 38.5%, and down 29.4% from 68 cents a year ago [4] - Quarterly revenues were $4.26 billion, missing the consensus mark of $4.72 billion by 9.8%, but increased 11.5% from $3.82 billion in the same quarter last year [4] - The company's segment profit rose to $206 million from $85 million a year ago, with a segment margin of 4.8%, up from 2.2% [5] Segment Performance - Energy Solutions segment revenues increased 6.9% year over year to $1.52 billion, with a margin of 4.1%, up from 1.8% [6] - Urban Solutions segment revenues totaled $2 billion, up 40.8% year over year, but the margin decreased to 4.1% from 10.4% [7] - Mission Solutions segment revenues were $654 million, up 1.2% from $646 million, with a margin improvement to 6.9% from 4.8% [8] - The Other segment generated revenues of $87 million, down from $332 million a year ago, but turned a profit of $17 million compared to a loss of $119 million [9] Annual Overview - For the full year 2024, Fluor reported revenues of $16.32 billion, a 5.4% increase from $15.47 billion in 2023, while adjusted EPS decreased to $2.32 from $2.73 [10] - Adjusted EBITDA for the year was down 13.5% to $530 million from $613 million [10] Guidance for 2025 - Fluor expects adjusted EPS for 2025 to be in the range of $2.25-$2.75, with full-year revenues projected to grow approximately 15% year over year [12] - Adjusted EBITDA is anticipated to be between $575 million and $675 million, with G&A expenses expected to be about $180 million [12] - Segment margin percentages for 2025 are projected to be 3.5-4.5% for Energy Solutions, 4-5% for Urban Solutions, and 5-6% for Mission Solutions [12]

Fluor (FLR -8.41%) published its final earnings report for 2024 on Tuesday, and investors reacted by trading the company's stock down aggressively. This resulted in a nearly 9% share-price erosion on the day, a performance that was notably worse than the 0.2% gain of the bellwether S&P 500 index.Headline numbers going in different directionsFluor's fourth quarter of that year saw the engineering and construction conglomerate earn $4.26 billion, 11% higher than in the same period of 2023. Going in the other ...

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 100 points on Tuesday.The Dow traded down 0.38% to 44,378.28 while the NASDAQ fell 0.47% to 19,932.75. The S&P 500 also fell, dropping, 0.16% to 6,105.15.Check This Out: Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This QuarterLeading and Lagging SectorsEnergy shares jumped by 1.8% on Tuesday.In trading on Tuesday, communication services shares fell by 1%.Top HeadlineThe NY Empire State Manufacturing Inde ...

YEAR END 2024 RESULTS FEBRUARY 18, 2025 © 2025 Fluor Corporation. All Rights Reserved. Fluor is a registered service mark of Fluor Corporation. 1 ELI LILLY PROJECT // INDIANA, U.S. SAFE HARBOR STATEMENT This presentation contains forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "intends," "continue," "anticipates," is "positioned" or other similar expressions). These forward-looking statements, includ ...

Fluor Corporation (NYSE:FLR) Q4 2024 Earnings Conference Call February 18, 2025 8:30 AM ET Company Participants Jason Landkamer - VP, IR David Constable - Chairman & CEO James Breuer - COO Joseph Brennan - CFO John Regan - Chief Accounting Officer Conference Call Participants Michael Dudas - Vertical Research Sangita Jain - KeyBanc Capital Markets Jamie Cook - Truist Securities Andrew Wittmann - Robert W. Baird Steven Fisher - UBS Brent Thielman - D.A. Davidson Operator Good morning, and welcome to Fluor's ...

Revenue and Earnings - Total revenue for 2024 was $16,315 million, an increase of 5.4% from $15,474 million in 2023[215]. - Net earnings attributable to Fluor were $2,145 million in 2024, compared to $139 million in 2023, representing a significant increase[215]. - Equity method earnings for 2024 were $2,105 million, with a net effective tax rate of 18% on these earnings[219]. - Operating cash flow for 2024 was $828 million, a significant increase from $212 million in 2023, driven by decreased working capital and customer payments[257][259]. - The company received $367 million in distributions from joint ventures and $169 million in tax refunds from the IRS during 2024[259]. Segment Performance - Urban Solutions segment revenue increased to $7,239 million in 2024, up 37.6% from $5,262 million in 2023[215]. - The Urban Solutions segment's profit margin was 4.2% in 2024, compared to 5.1% in 2023[215]. - Mission Solutions revenue declined slightly in 2024 due to the cancellation of a project in late 2023[232]. - Segment profit and profit margin improved in 2024, driven by the recognition of a $30 million charge in 2023 for a completed weapons facility project[233]. - Segment profit in 2024 declined primarily due to inflation-adjusted variable consideration and cost growth, totaling $66 million in charges from a construction subcontract in Mexico[230]. - Segment profit in the fourth quarter of 2024 increased significantly, reflecting $33 million for cost growth on a completed large upstream legacy project[231]. Backlog and Awards - Total backlog as of December 31, 2024, was $28,484 million, a decrease from $29,441 million in 2023[215]. - New awards in 2024 totaled $15,123 million, down from $19,528 million in 2023[215]. - New awards and backlog decreased in 2024, with backlog at $665 million compared to $2.7 billion in 2023, reflecting a slowdown in new award activity[234]. - The company reported a backlog of $702 million for ongoing legacy projects in a loss position as of December 31, 2024, compared to $1.3 billion in 2023, with estimated unfunded losses of $237 million[258]. Financial Position - Cash and cash equivalents combined with marketable securities increased to $3.0 billion in 2024 from $2.6 billion in 2023[253]. - As of December 31, 2024, letters of credit totaling $483 million were outstanding under a $1.8 billion credit facility, which was amended to $2.2 billion[252]. - As of December 31, 2024, letters of credit totaling $483 million were outstanding under committed lines of credit, and $944 million under uncommitted lines of credit[269]. - The maximum potential future payments under outstanding performance guarantees were estimated to be $16 billion as of December 31, 2024[270]. Capital Expenditures and Asset Sales - Capital expenditures in 2024 totaled $164 million, primarily for improvements to a new office lease in Houston[257][261]. - Proceeds from the sale of assets in 2024 included $67 million from the sale of Stork's European business[261]. Stock Repurchase and Corporate Actions - In December 2024, the company repurchased and canceled 2,353,280 shares of common stock for $125 million, with over 28 million shares remaining available for repurchase as of December 31, 2024[255][263]. - The company has a stock repurchase program authorized to purchase shares in the open market, with an additional 20 million shares authorized in November 2024[263]. - The company incurred a $7 million severance charge related to the closure of Stork operations in Trinidad and Tobago[213]. - A pre-tax gain of $1.6 billion was recognized in Q4 2024 from the deconsolidation of NuScale[214]. - The company expects the results of the Stork segment to be immaterial in 2025 following the completion of its U.K. operations sale[237].