Fluor Q3 net earnings $206M, EPS $1.15; raises FY adjusted EPS and EBITDA guidance

FLUOR CORP

2023-Q3 EPS reported $0.72 revenue$11,654,000,000

Q3 revenue $4.0B, net earnings $206M, diluted EPS $1.15; adjusted EPS $1.02.
Segment profit $276M vs $31M a year ago, driven by improved project execution.
New awards $5.0B; backlog 70% reimbursable vs 58% a year ago, lowering risk.
Company increased 2023 guidance for adjusted EPS and adjusted EBITDA.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FLUOR CORP reported third quarter ended September 30, 2023 results: revenue $4.0 billion, net income $206 million, EPS $1.15 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $4.0 billion
Net income: $206 million
EPS: $1.15 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

2023 RESULTS • Q3 2023 net earnings attributable to Fluor of $206 million • Q3 2023 diluted earnings per share (EPS) of $1.15; adjusted diluted EPS of $1.02 • Q3 2023 revenue of $4.0 billion and new awards of $5.0 billion • Backlog 70% reimbursable compared to 58% a year ago • Company increases 2023 guidance for adjusted EPS and adjusted EBITDA IRVING, Texas

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Source: SEC EDGAR

accession 0001628280-23-036550

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