Fluor Corporation provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through six segments: Energy & Chemicals; Mining & Industrial; Infrastructure & Power; Government; Diversified Services; and Other. The Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, and liquefied natural gas and pipeline markets. The Mining & Industrial segment provides design, engineering, procurement, construction, and project management services to the mining and metals, life sciences, and advanced manufacturing and technologies sectors. The Infrastructure & Power segment offers design, engineering, procurement, construction, and project management services to the infrastructure sector. The Government segment provides engineering and construction services, logistics, and life-support services, as well as contingency operations support services to the defense sector. It also offers support services to the United States (U.S.) intelligence community, the U.S. Department of Energy and National Nuclear Security Administration, and the U.S. Department of Homeland Security. The Diversified Services segment provides asset maintenance and asset integrity services to the oil and gas, chemicals, life sciences, power, mining and metals, consumer products, and manufacturing industries; and staffing services. The Other segment researches, develops, licenses, and commercializes small modular nuclear reactor technology; and serves as a subcontractor for the construction of nitrocellulose manufacturing facility. The company also offers unionized management and construction services. Fluor Corporation was founded in 1912 and is headquartered in Irving, Texas.
IPO Year:
Exchange: NYSE
Website: fluor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2024 | $52.00 → $65.00 | Neutral → Buy | Citigroup |
| 7/17/2024 | $57.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 3/14/2024 | $46.00 | Buy | Truist |
| 1/10/2024 | Sector Weight | KeyBanc Capital Markets | |
| 10/4/2023 | $35.00 → $47.00 | Neutral → Buy | UBS |
| 11/7/2022 | $25.00 → $40.00 | Neutral → Buy | DA Davidson |
| 2/23/2022 | $30.00 → $29.00 | Neutral → Outperform | Robert W. Baird |
| 2/23/2022 | $30.00 → $29.00 | Neutral → Outperform | Baird |
| 11/15/2021 | $24.00 | Underperform → Neutral | B of A Securities |
| 11/8/2021 | $20.00 → $23.00 | Neutral | Credit Suisse |
Citigroup analyst Andrew Kaplowitz maintains Fluor (NYSE:FLR) with a Neutral and raises the price target from $47 to $52.
In the latest quarter, 6 analysts provided ratings for Fluor (NYSE:FLR), showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $49.33, a high estimate of $57.00, and a low estimate of $45.00. This upward trend is evident, with the current average reflect
Barclays analyst Adam Seiden maintains Fluor (NYSE:FLR) with a Equal-Weight and raises the price target from $39 to $45.
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Keybanc analyst Sangita Jain upgrades Fluor (NYSE:FLR) from Sector Weight to Overweight and announces $57 price target.
Fluor Corporation (NYSE:FLR) is pleased to announce completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada. This marks a pivotal moment in the construction of one of the largest energy projects in Canadian history.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240708384137/en/The final weld took 48 hours of continuous work from teams of welders working in shifts. More than 380 pipe welders have worked on the project since construction began in 2018.Fluor and JGC Corporation make up the JGC-Fluor joint venture, which is delivering multiple aspects of the LNG Canada
4 analysts have shared their evaluations of Fluor (NYSE:FLR) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $48.5, with a high estimate of $54.00 and a low estimate of $46.00. Witnessing a positive shift, the
Truist Securities analyst Jamie Cook maintains Fluor (NYSE:FLR) with a Buy and raises the price target from $47 to $54.
Fluor will recognize its undisclosed portion of the total $4.8 billion (€4.5 billion) project in the second quarter of 2024. Fluor's scope of work includes construction of the utilities and chemical units for the greenfield campus. Completion is scheduled for 2027.
Gary Smalley appointed as President and will succeed Ronald Tutor as Chief Executive Officer Ryan Soroka appointed as Senior Vice President and Chief Financial Officer Tutor Perini Corporation (the "Company") (NYSE:TPC), a leading civil, building and specialty construction company, today announced that its Board of Directors (the "Board") has appointed Gary Smalley, the Company's current Executive Vice President and Chief Financial Officer, to the position of President, effective November 15, 2023. The Company plans for Mr. Smalley to succeed Ronald Tutor as Chief Executive Officer of the Company effective January 1, 2025, with Mr. Tutor transitioning to the role of Executive Chairma
Fluor's Board Appoints CEO David Constable as New Chairman Fluor Corporation (NYSE:FLR) announced that Alan Boeckmann, the company's current executive chairman, will not stand for re-election at the annual shareholders meeting on May 5, 2022. Fluor's Chief Executive Officer (CEO) David Constable has been appointed by the board of directors to succeed Boeckmann as chairman in addition to his CEO role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220208006114/en/Current Fluor Executive Chairman Alan Boeckmann will not seek re-election in May 2022. Boeckmann was also formerly CEO and chairman of Fluor Corporation from 2002 to 201
Fluor Corporation (NYSE:FLR) announced today that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony at the United Nations COP29 climate change conference in Baku, Azerbaijan earlier today. It marks a significant milestone in Romania's advancement of sustainability and energy security for the region. The Fluor-led JV consists of Fluor, AtkinsRéalis, Sargent & Lundy and Ansaldo Nucleare. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
Fluor Corporation (NYSE:FLR) today announced that Joe Brennan, Chief Financial Officer and Jason Landkamer, Executive Director, Investor Relations will participate in two investor conferences during the fourth quarter of 2024: November 14: Baird Global Industrial Conference – Fireside chat hosted by Andrew Wittman at 11:50 a.m. ET December 5: UBS Global Industrials and Transportation Conference – Fireside chat hosted by Steven Fisher at 10:30 a.m. ET Live webcast links will be available at investor.fluor.com. About Fluor Corporation Fluor Corporation (NYSE:FLR) is building a better world by applying world-class expertise to solve its clients' greatest challenges. Fluor's nearly 34,0
Q3 2024 revenue of $4.1 billion and new awards of $2.7 billion Strong Q3 operating cash flow of $330 million; 2024 cash flow guidance increased to approximately $700 million Q3 2024 diluted earnings per share (EPS) of $0.31; adjusted diluted EPS of $0.51 NuScale deconsolidation will result in $1.6 billion gain in Q4 Fluor Board of Directors approves increase in share repurchase program to 30.5 million shares authorized for repurchase in support of management's capital allocation program Fluor Corporation (NYSE:FLR) announced financial results for its third quarter ended September 30, 2024. Revenue for the quarter was $4.1 billion and net earnings attributable to Fluor were $54 mi
Fluor Corporation (NYSE:FLR) announced today that the U.S. Department of Energy (DOE) has approved Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., with Fluor and Amentum – to begin the Hanford Integrated Tank Disposition Contract. The contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting beginning in the fourth quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswi
Fluor Corporation (NYSE:FLR) will hold a conference call to review results for its third quarter ended September 30, 2024. The public is invited to listen to the conference call on Friday, November 8, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days. About Fluor Corpo
Fluor Corporation (NYSE:FLR) announced last Friday during its second quarter earnings call the appointments of a new Chief Operating Officer (COO) and Chief Legal Officer (CLO), effective today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805343137/en/Jim Breuer, Fluor's new Chief Operating Officer (COO). (Photo: Business Wire) Jim Breuer has been appointed to the newly created position of COO. In this capacity, Breuer will drive a more holistic view of Fluor's markets, strengths and needs in project delivery and talent allocation across the company's three business segments – Energy Solutions, Mission Solutions and Urban
Q2 2024 revenue of $4.2 billion, an increase of 7% compared to prior year Q2 2024 net earnings attributable to Fluor of $169 million compared to $61 million in prior year period Q2 2024 diluted earnings per share (EPS) of $0.97; adjusted diluted EPS of $0.85 Strong Q2 operating cash flow of $282 million, 2024 cash guidance range increased to $500 to $600 million Company affirms 2024 adjusted EPS and tightens adjusted EBITDA guidance Fluor Corporation (NYSE:FLR) announced financial results for its second quarter ended June 30, 2024. Revenue for the quarter was $4.2 billion and net earnings attributable to Fluor were $169 million, or $0.97 per diluted share. Consolidated segme
Fluor Corporation (NYSE:FLR) announced today that it has signed a contract with RoPower Nuclear for Phase 2 front-end engineering and design (FEED) work at its small modular reactor (SMR) facility in Doicesti, Romania. Fluor will recognize the contract as a new award in the third quarter of 2024. Fluor completed Phase 1 FEED work in the fourth quarter of 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729316115/en/Standing (left to right): Teofil Muresan, President & CEO of E-Infra; Cosmin Ghita, CEO of SNN; Sebastian Burduja, Romanian Minister of Energy; Alexandru-Mihai Ghigiu, Head of the Chancellery of the Prime Minis
Fluor Corporation (NYSE:FLR) and its partners today celebrated the official deck connection of the Gordie Howe International Bridge spanning the Detroit River. Measuring a half-mile (853 meters), the bridge connects Windsor, Ontario, Canada, and Detroit, Michigan, United States. It is the longest cable-stayed bridge in North America and 10th longest in the world. The bridge also has the distinction of being the longest composite steel and concrete decked cable-stayed bridge in the world. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724976840/en/The Gordie Howe International Bridge is now the longest cable-stayed bridge in N
Fluor Corporation (NYSE:FLR) is pleased to announce completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada. This marks a pivotal moment in the construction of one of the largest energy projects in Canadian history. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240708384137/en/Members of the Outside Battery Limits Closure Weld Team following completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada. (Photo: Business Wire) The final weld took 48 hours of continuous work from teams of welders working
8-K - FLUOR CORP (0001124198) (Filer)
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Q3 2024 revenue of $4.1 billion and new awards of $2.7 billion Strong Q3 operating cash flow of $330 million; 2024 cash flow guidance increased to approximately $700 million Q3 2024 diluted earnings per share (EPS) of $0.31; adjusted diluted EPS of $0.51 NuScale deconsolidation will result in $1.6 billion gain in Q4 Fluor Board of Directors approves increase in share repurchase program to 30.5 million shares authorized for repurchase in support of management's capital allocation program Fluor Corporation (NYSE:FLR) announced financial results for its third quarter ended September 30, 2024. Revenue for the quarter was $4.1 billion and net earnings attributable to Fluor were $54 mi
Fluor Corporation (NYSE:FLR) will hold a conference call to review results for its third quarter ended September 30, 2024. The public is invited to listen to the conference call on Friday, November 8, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days. About Fluor Corpo
Q2 2024 revenue of $4.2 billion, an increase of 7% compared to prior year Q2 2024 net earnings attributable to Fluor of $169 million compared to $61 million in prior year period Q2 2024 diluted earnings per share (EPS) of $0.97; adjusted diluted EPS of $0.85 Strong Q2 operating cash flow of $282 million, 2024 cash guidance range increased to $500 to $600 million Company affirms 2024 adjusted EPS and tightens adjusted EBITDA guidance Fluor Corporation (NYSE:FLR) announced financial results for its second quarter ended June 30, 2024. Revenue for the quarter was $4.2 billion and net earnings attributable to Fluor were $169 million, or $0.97 per diluted share. Consolidated segme
Fluor Corporation (NYSE:FLR) will hold a conference call to review results for its second quarter ended June 30, 2024. The public is invited to listen to the conference call on Friday, August 2, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days. About Fluor Corporat
New awards of $7.0 billion, 97% reimbursable Ending backlog increased 28% to $32.7 billion, 80% reimbursable Expect divestiture of non-core businesses by end of Q2 Company affirms its 2024 adjusted EPS and adjusted EBITDA guidance Fluor Corporation (NYSE:FLR) announced financial results for its first quarter ended March 31, 2024. Revenue for the quarter was $3.7 billion and net income attributable to Fluor was $59 million, or $0.34 per diluted share. Consolidated segment profit1 for the quarter was $118 million compared to a $15 million loss in the first quarter of 2023. Results for the quarter include $29 million in cost growth for a construction only subcontract executed by o
Fluor Corporation (NYSE:FLR) will hold a conference call to review results for its first quarter ended March 31, 2024. The public is invited to listen to the conference call on Friday, May 3, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days. About Fluor Corporation
Full year new awards of $19.5 billion; 87% reimbursable Increased backlog by over 10% each of the past two years to $29.4 billion; 76% reimbursable Prospect pipeline 15x ending backlog with opportunities across all three segments Revamped capital structure lowers interest expense while supporting future growth Anticipate improved cash flow conversion in 2024 Fluor Corporation (NYSE:FLR) announced financial results for its year ended December 31, 2023. Revenue for 2023 was $15.5 billion and net income attributable to Fluor was $139 million, or $0.54 per diluted share. Consolidated segment profit1 for the year was $537 million compared to $427 million in 2022. Including the ad
Fluor Corporation (NYSE:FLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2023. The public is invited to listen to the conference call on Tuesday, February 20, at 9:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days. About Fl
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 Fluor Corporation (NYSE:FLR) announced financial results for its third quarter ended September 30, 2023. Revenue for the quarter was $4.0 billion and net earnings attributable to Fluor were $206 million, or $1.15 per diluted share. Consolidated segment profit1 for the quarter was $276 million compared to $31 million profit in the third quarter of 2022. Excl
Fluor Corporation (NYSE:FLR) will hold a conference call to review results for its third quarter ended September 30, 2023. The public is invited to listen to the conference call on Friday, November 3rd, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days. About Fluor Corpo
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Citigroup upgraded Fluor from Neutral to Buy and set a new price target of $65.00 from $52.00 previously
KeyBanc Capital Markets upgraded Fluor from Sector Weight to Overweight and set a new price target of $57.00
Truist initiated coverage of Fluor with a rating of Buy and set a new price target of $46.00
KeyBanc Capital Markets resumed coverage of Fluor with a rating of Sector Weight
UBS upgraded Fluor from Neutral to Buy and set a new price target of $47.00 from $35.00 previously
DA Davidson upgraded Fluor from Neutral to Buy and set a new price target of $40.00 from $25.00 previously
Robert W. Baird upgraded Fluor from Neutral to Outperform and set a new price target of $29.00 from $30.00 previously
Baird upgraded Fluor from Neutral to Outperform and set a new price target of $29.00 from $30.00 previously
B of A Securities upgraded Fluor from Underperform to Neutral and set a new price target of $24.00
Credit Suisse reiterated coverage of Fluor with a rating of Neutral and set a new price target of $23.00 from $20.00 previously
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