secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001124198-25-000076
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor Q3 GAAP net loss $697M includes $653M Santos charge; adj EPS $0.68 beats, guidance raised
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- GAAP net loss $697M ($4.30 diluted EPS) includes $653M charge from Santos ruling and $401M reduction in NuScale share price.
- Adjusted EBITDA $161M (+29% y/y); adjusted EPS $0.68 (+33% y/y); revenue $3.4B (-18% y/y).
- New awards $3.3B (99% reimbursable); backlog $28.2B (82% reimbursable); operating cash flow $286M.
- Company raised 2025 guidance for adjusted EPS, EBITDA and operating cash flow; targeting $800M more in share repurchases through Feb.
- NuScale: net proceeds of $605M from conversion of 15M shares; remaining 111M shares expected fully monetized by Q2 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000112419825000076/0001124198-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000112419825000076/flr-20251107.htm
  HTML page:      https://secwatch.observer/filing/0001124198-25-000076

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