earnings
confidence high
sentiment positive
materiality 0.75
Fluor FY2024 adjusted EPS $2.32, OCF $828M, reimbursable backlog 79%
FLUOR CORP
2024-FY EPS reported
$12.30
revenue$16,315,000,000
- Revenue $16.3B, net income $2.1B, diluted EPS $12.30 including $1.6B gain from deconsolidation of NuScale.
- Adjusted EBITDA $530M; adjusted diluted EPS $2.32 for FY2024.
- New awards $15.1B (85% reimbursable); backlog $28.5B (79% reimbursable).
- Operating cash flow $828M (highest since 2015); Q4 share repurchases $125M; $300M planned for 2025.
- Recorded $116M provision for jury verdict against JV; company evaluating options to eliminate most or all.