secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001628280-24-020122
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor Q1 revenue $3.7B, adjusted EPS $0.47, backlog up 28% to $32.7B
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- Revenue $3.7B; net income $59M ($0.34 diluted EPS); adjusted EPS $0.47, adjusted EBITDA $88M.
- New awards $7B (97% reimbursable); ending backlog $32.7B (+28% YoY), 80% reimbursable.
- Company affirms 2024 adjusted EPS and adjusted EBITDA guidance; expects non-core divestiture by Q2 end.
- Segment profit $118M vs Q1 2023 loss of $15M; includes $29M cost growth on Mexico JV subcontract.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000162828024020122/0001628280-24-020122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000162828024020122/flr-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer