earnings
confidence high
sentiment neutral
materiality 0.75
Fluor Q2 adj EPS $0.13; FY guidance narrowed to $1.15-$1.35; FY EBITDA guidance $380M-$430M
FLUOR CORP
2023-Q2 EPS reported
$0.66
revenue$6,422,000,000
- Q2 2022 revenue $3.3B; net income from cont ops $66M; adj diluted EPS $0.13.
- New awards $3.6B (up from $1.7B YoY); backlog $19.5B.
- Urban Solutions profit $8M (vs -$68M) but includes $32M Gordie Howe charges; believes partially recoverable.
- Full-year adj EPS guidance narrowed to $1.15-$1.35 from $1.15-$1.40; introduced adj EBITDA guidance $380M-$430M.
- NuScale de-SPAC completed; Fluor owns 57%.