Highest-materiality recent filing
Fluor Q1 revenue $3.6B (-8% YoY); GAAP EPS $1.08, adjusted $0.14; repurchases $516M
Revenue $3.6B (-8% YoY); GAAP net earnings $160M ($1.08 EPS); adjusted EBITDA $60M; adjusted EPS $0.14.
Fluor completes sale of remaining NuScale shares for $473M; total proceeds $2.43B since Sep 2025
Sold remaining 40M NuScale shares for $473M gross proceeds.
GAAP net loss $51M, adjusted EBITDA $504M, adjusted EPS $2.19, consolidated segment loss $109M.
Fluor Q3 GAAP net loss $697M includes $653M Santos charge; adj EPS $0.68 beats, guidance raised
GAAP net loss $697M ($4.30 diluted EPS) includes $653M charge from Santos ruling and $401M reduction in NuScale share price.
Fluor Q2 adjusted EPS $0.43, down 49% YoY; revenue $4.0B, down 6%; backlog down 13%
GAAP net earnings of $2.5B include $3.2B pre-tax mark-to-market gains on NuScale; adjusted EPS $0.43, down 49% YoY.
Fluor Q1 adj EPS $0.73 up 55%; revenue $4.0B +7%; targets $600M buybacks
Revenue $4.0B (+7% y/y); GAAP net loss $241M includes $477M mark-to-market loss on NuScale and $84M claim adjustment.
Fluor appoints COO Jim Breuer as CEO, effective May 1; Constable becomes Executive Chairman
Jim Breuer, current COO, named CEO effective May 1, 2025, succeeding David Constable.
Fluor FY2024 adjusted EPS $2.32, OCF $828M, reimbursable backlog 79%
Revenue $16.3B, net income $2.1B, diluted EPS $12.30 including $1.6B gain from deconsolidation of NuScale.
Fluor CFO Joe Brennan to retire; John Regan named successor effective March 1, 2025
Joseph L. Brennan to retire as EVP and CFO July 1, 2025; will step down as CFO on March 1, 2025.
Fluor Q3 revenue $4.1B, EPS $0.31; adjusted EPS $0.51; cash flow guidance raised to ~$700M
Revenue $4.1B; new awards $2.7B; operating cash flow $330M in Q3 2024.
Fluor Q2 2024 revenue $4.2B (+7% YoY); EPS $0.97, adj. EPS $0.85
Net earnings attributable to Fluor $169M, up from $61M in Q2 2023.
Fluor Q1 revenue $3.7B, adjusted EPS $0.47, backlog up 28% to $32.7B
Revenue $3.7B; net income $59M ($0.34 diluted EPS); adjusted EPS $0.47, adjusted EBITDA $88M.
Fluor reports FY2023 revenue $15.5B, net income $139M; backlog up 13% to $29.4B
Full-year adjusted EBITDA $613M, adjusted diluted EPS $2.73; net income $139M ($0.54 diluted).
Fluor Q3 net earnings $206M, EPS $1.15; raises FY adjusted EPS and EBITDA guidance
Q3 revenue $4.0B, net earnings $206M, diluted EPS $1.15; adjusted EPS $1.02.
Fluor issues $575M 1.125% convertible notes due 2029 to repurchase 2024 notes
$575M aggregate principal (including $75M option exercise) of 1.125% Convertible Senior Notes due Aug 15, 2029.
$500M principal of 1.125% convertible senior notes due 2029 priced; conversion premium ~32.5% (~$45.37/shr).
Fluor Q2 net earnings $61M, adjusted EPS $0.76; revenue +20% to $3.9B; raises 2023 guidance
Net earnings $61M, diluted EPS $0.35; adjusted diluted EPS $0.76.
Fluor Q1 revenue $3.8B (+20% YoY) but net loss $107M on $80M project charges
Revenue $3.8B, up 20% YoY; net loss attributable to Fluor $107M ($0.82 EPS).
Fluor reports 2022 revenue $13.7B, net income $145M; new awards double to $19.8B
Revenue $13.7B; net income $145M ($0.73 diluted EPS); adjusted EPS $0.82.
Revenue $3.6B; net income from continuing ops $22M ($0.08 diluted EPS); adjusted EPS $0.07.
Fluor Q2 adj EPS $0.13; FY guidance narrowed to $1.15-$1.35; FY EBITDA guidance $380M-$430M
Q2 2022 revenue $3.3B; net income from cont ops $66M; adj diluted EPS $0.13.
Fluor Q1 adj EPS $0.16; segment profit doubles; reaffirms FY guidance; NuScale public
Q1 revenue $3.1B; segment profit $115M vs $60M YoY; diluted EPS $0.27; adj EPS $0.16.
JBIC invests $110M in NuScale Power; Fluor retains majority interest after transaction
Japan Bank for International Cooperation, via JNI (including JGC and IHI), purchased $110M preferred equity in NuScale from Fluor and other investors.
Fluor reports FY2021 net loss of $144M, adjusted EPS $0.94; guides 2022 adjusted EPS $1.15-$1.40
Full year revenue $12.4B; net loss from continuing ops $1.46 per share; adjusted EPS $0.94.
Fluor's NuScale to merge with Spring Valley, become public SMR company; Fluor to own ~60%
NuScale Power, a Fluor subsidiary, signs merger agreement with Spring Valley Acquisition Corp.; closing expected H1 2022.
Fluor raises FY adjusted EPS guidance to $0.85-$1.00; Q3 adj EPS $0.23
Q3 revenue $3.1B; net income from cont ops $47M ($0.26 EPS); adjusted EPS $0.23 on 170M shares.
Fluor increases tender offer to $500M, accepts $426M notes; debt down ~30%
Total maximum purchase price increased from $400M to $500M; 2024 note cap raised to $114M.
Fluor raises 2021 adjusted EPS guidance to $0.60-$0.80, reports Q2 adjusted EPS of $0.32
Q2 2021 revenue $3.2B; net loss from continuing ops $14M ($0.08 loss per share); adjusted EPS $0.32.
On March 24, 2025, Ms. Stacy L. Dillow, Executive Vice President and Chief Human Resources Officer of Fluor Corporation (the “Corporation”), notified the Corporation of her decision to resign from her position, effective April 11, 2025.
Mr. Breuer is replacing Mr. David E. Constable, who will continue to serve as Executive Chairman of the Board.
the Board of Directors (the “Board”) of Fluor Corporation (the “Corporation”) appointed Mr. James R. Breuer as Chief Executive Office of the Corporation, effective May 1, 2025.
The Board elected Mr. Charles P. Blankenship, Jr., effective March 1, 2025, to fill the new position authorized by the Board.
the Board promoted Mr. James R. Breuer to Chief Operating Officer of the Corporation, effective August 5, 2024.
The Board elected Ms. Lisa Glatch to the Board, effective January 15, 2024, to fill the new position authorized by the Board.
Mr. Alan L. Boeckmann retired as Executive Chairman of the Board of Directors (the “Board”) of Fluor Corporation (the “Corporation”) effective as of the date of the annual meeting of stockholders (the “Annual Meeting”) that was held on May 5, 2022.
On February 3, 2022, Mr. Alan L. Boeckmann, Executive Chairman of the Board of Directors (the “Board”) of Fluor Corporation (the “Corporation”), informed the Board that he will not stand for reelection at the next annual meeting of stockholders to be held on May 5, 2022, and will retire as Executive Chairman effective as of the annual meeting date.
In connection with Mr. Boeckmann’s retirement, the Board appointed Mr. David E. Constable, the Corporation’s Chief Executive Officer, as Chairman of the Board effective upon Mr. Boeckmann’s retirement.
Max materiality 0.85 · Median 0.70 · Most common event earnings