secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001124198-26-000063
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor Q1 revenue $3.6B (-8% YoY); GAAP EPS $1.08, adjusted $0.14; repurchases $516M
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- Revenue $3.6B (-8% YoY); GAAP net earnings $160M ($1.08 EPS); adjusted EBITDA $60M; adjusted EPS $0.14.
- Operating cash flow $110M (strongest Q1 in 9 years) vs -$286M y/y; full-year guidance maintained at $300M.
- New awards $2.7B (-54% YoY); backlog $25.7B (82% reimbursable); legacy project backlog down to $169M.
- Share repurchases $516M in Q1; targeting $1.4B for 2026; cash & marketable securities $3.2B at quarter end.
- Completed sale of NuScale investment generating $2.4B since Sep 2025; divested China fabrication yard for $124M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000112419826000063/0001124198-26-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000112419826000063/flr-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001124198-26-000063

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