Fluor Q1 adj EPS $0.16; segment profit doubles; reaffirms FY guidance; NuScale public

FLUOR CORP

Q1 revenue $3.1B; segment profit $115M vs $60M YoY; diluted EPS $0.27; adj EPS $0.16.
New awards $1.9B; backlog $19.3B; reaffirms 2022 adj EPS guidance $1.15-$1.40.
NuScale de-SPAC completed; Fluor owns 57% of NuScale (NYSE: SMR).
Suspended new investment in Russian operations; backlog in region not significant.

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