Fluor raises 2021 adjusted EPS guidance to $0.60-$0.80, reports Q2 adjusted EPS of $0.32

FLUOR CORP

2021-FY EPS reported -$0.84 revenue$6,174,933,000

Q2 2021 revenue $3.2B; net loss from continuing ops $14M ($0.08 loss per share); adjusted EPS $0.32.
Full year adjusted EPS guidance raised from $0.46-$0.71 to $0.60-$0.80; adjusted net income guidance to $94M-$128M.
Urban Solutions segment loss of $68M due to $138M charge on legacy infrastructure project.
$600M convertible preferred offering completed; $26M debt retired through July; substantial debt retirements expected in 2021.
NuScale received $60M outside investment in Q2, totaling $192M year-to-date; no Fluor cash contributed in Q2.

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