earnings
confidence high
sentiment positive
materiality 0.65
Fluor raises FY adjusted EPS guidance to $0.85-$1.00; Q3 adj EPS $0.23
FLUOR CORP
2021-FY EPS reported
$0.22
revenue$9,278,017,000
- Q3 revenue $3.1B; net income from cont ops $47M ($0.26 EPS); adjusted EPS $0.23 on 170M shares.
- New awards $3B in Q3; ending backlog $21B, stable vs prior quarter.
- Reduced debt by 30% ($509M) in the quarter; debt-to-cap ratio now 37%.
- Energy Solutions profit $73M ($1.4B rev); Urban Solutions profit $18M ($1B rev) with $19M forecast adjustment on light rail.
- NuScale expenses $8M; YTD $193M outside investment, no Fluor cash contributed.