Company Overview - Ramaco Resources, a small coal miner based in Kentucky, has discovered a significant deposit of rare earth elements at its Brook Mine in Wyoming, which it purchased for $2 million [2][3] - The company has a market capitalization of $571 million and primarily mines coal for steel production in West Virginia and Virginia [3] Discovery and Potential Impact - The Brook Mine is estimated to contain up to 1.7 million tons of rare earth oxides, which could significantly alter the company's fortunes [2] - This discovery aligns with U.S. efforts to reduce dependence on China for rare earth elements, which are critical for national defense [3][4] National Security and Supply Chain - The U.S. relied on foreign countries for approximately 10,000 metric tons of rare earths in 2023, with China accounting for 70% of imports [4] - Ramaco's Brook Mine could help alleviate a national strategic supply shortfall of rare earths and critical minerals, allowing the U.S. to process its ores domestically [5] Production Capacity - The Brook Mine is projected to produce an estimated 1,400 metric tons of rare earth elements annually, marking the first new rare earth facility in the U.S. in over 70 years [5]

© 2025 Fluor Corporation. All Rights Reserved. Fluor is a registered service mark of Fluor Corporation. 1 GORDIE HOWE INTERNATIONAL BRIDGE PROJECT // PORTS OF ENTRY INTO CANADA AND THE U.S. Q1 2025 RESULTS MAY 2, 2025 SAFE HARBOR STATEMENT This presentation contains forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "intends," "continue," "anticipates," is "positioned" or other similar expressions). The ...

Fluor Corporation (FLR) reported mixed first-quarter 2025 results with adjusted earnings topping the Zacks Consensus Estimate while revenues missed the same. On a year-over-year basis, the top and bottom lines grew.The quarter’s result reflects increased execution activities on several large projects in the company’s Urban Solutions segment, partially offset by soft contributions from the Energy and Mission Solutions segments.Fluor’s performance highlights the impact of its four-year strategy focused on exp ...

Fluor (FLR) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Jason Landkamer - VP - IRJim Breuer - CEOJohn Regan - CFOJamie Cook - Managing Director - Equity ResearchAndrew Kaplowitz - Managing DirectorJudah Aronovitz - Associate Director - Equity Research Conference Call Participants Michael Dudas - Equity Research AnalystAndrew Wittmann - Senior Research Analyst Operator replay of today's conference call will be available at approximately 10:30 a. M. Eastern Time today, accessible at Fl ...

Fluor (FLR) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Jason Landkamer - VP - IRJim Breuer - CEOJohn Regan - CFOJamie Cook - Managing Director - Equity ResearchAndrew Kaplowitz - Managing DirectorJudah Aronovitz - Associate Director - Equity Research Conference Call Participants Michael Dudas - Equity Research AnalystAndrew Wittmann - Senior Research Analyst Operator replay of today's conference call will be available at approximately 10:30 a. M. Eastern Time today, accessible at Fl ...

Fluor (FLR) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 replay of today's conference call will be available at approximately 10:30 a. M. Eastern Time today, accessible at Fluor's website at investor.fluor.com. The web replay will be available for thirty days. A telephone replay will also be available for seven days through a registration link, also accessible on website at investor.fluor.com. At this time, for opening remarks, I would like to turn the call over to Jason Landkammer, Vice Presiden ...

分组1 - Fluor reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and up from $0.47 per share a year ago, representing an earnings surprise of 46% [1] - The company posted revenues of $3.98 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 6.26%, compared to $3.73 billion in the same quarter last year [2] - Fluor has surpassed consensus EPS estimates two times over the last four quarters but has not beaten consensus revenue estimates during the same period [2] 分组2 - The stock has underperformed, losing about 27.5% since the beginning of the year, while the S&P 500 declined by 4.7% [3] - The current consensus EPS estimate for the coming quarter is $0.59 on revenues of $4.76 billion, and for the current fiscal year, it is $2.42 on revenues of $18.63 billion [7] - The Zacks Industry Rank for Engineering - R and D Services is in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - Q1 2025 revenue of $4.0 billion, up 7% year-over-year[6] - GAAP net loss attributable to Fluor of $241 million, impacted by $477 million in mark-to-market losses on NuScale investment[6] - Adjusted EBITDA of $155 million, up 76% year-over-year[6] - Adjusted net earnings for the three months ended March 31, 2025, were $125 million, with an adjusted EPS of $0.73, compared to $81 million and $0.47 in 2024[24] - The company reported a net loss attributable to Fluor of $(241) million for the three months ended March 31, 2025, compared to a net income of $59 million in 2024[24] - Net earnings excluding amounts attributable to equity method loss for the three months ended March 31, 2025, were $88 million, with an effective tax rate of 19%[22] - The effective tax rate attributable to equity method loss was also 19%[22] Awards and Backlog - New awards totaled $5.8 billion, down 17% year-over-year, with 87% being reimbursable[11] - Backlog decreased to $28.7 billion, down 12.3% year-over-year, with 79% being reimbursable[11] - Q1 revenue book to burn ratio of 1.5x, indicating strong project pipeline[5] Cash Flow and Capital Expenditures - Operating cash flow for the three months ended March 31, 2025, was $(286) million, compared to $(111) million in the same period of 2024[23] - Capital expenditures for the three months ended March 31, 2025, were $(11) million, down from $(34) million in 2024[23] - Cash and cash equivalents at the end of the period were $2,433 million, an increase from $2,335 million in the same period of 2024[23] Shareholder Returns - Accelerated share repurchases of $142 million in Q1, targeting $600 million for 2025[5] - The company repurchased $142 million of common stock during the three months ended March 31, 2025[23] Segment Performance - Urban Solutions segment reported a profit of $70 million, with revenue increasing to $2.2 billion[12] - Energy Solutions segment reported a profit of $47 million, with revenue decreasing to $1.2 billion[13]

Financial Performance - Revenue for the three months ended March 31, 2025, was $3,982 million, an increase of 6.6% compared to $3,734 million for the same period in 2024[10] - Gross profit for the same period was $140 million, up from $99 million, reflecting a gross margin improvement[10] - Operating profit increased to $91 million from $52 million year-over-year, indicating a significant operational efficiency gain[10] - Net earnings attributable to Fluor for Q1 2025 were a loss of $241 million, compared to a profit of $59 million in Q1 2024[10] - Basic and diluted EPS for Q1 2025 were both $(1.42), compared to $0.35 in Q1 2024[10] - Total revenue for the 2025 Quarter was $3,982 million, an increase of 6.6% compared to $3,734 million in the 2024 Quarter[33] - Urban Solutions segment revenue increased to $2,157 million in the 2025 Quarter from $1,479 million in the 2024 Quarter, reflecting a growth of 46%[33] - Energy Solutions segment profit declined by $21 million to $47 million in the 2025 Quarter, impacted by reserves taken for a joint venture project[34] - Mission Solutions segment profit decreased by $17 million to $5 million in the 2025 Quarter, due to an additional reserve of $28 million related to a long-standing claim[35] - The effective tax rate for the 2025 Quarter was (49)%, a decrease from 56% in the 2024 Quarter[39] Assets and Liabilities - Total assets decreased to $8,423 million as of March 31, 2025, down from $9,143 million at the end of 2024[16] - Total liabilities decreased to $4,773 million from $5,151 million, indicating improved financial leverage[16] - Cash and cash equivalents at the end of the period were $2,433 million, down from $2,829 million at the beginning of the period[18] - Total debt as of March 31, 2025, was $1,087 million, a slight decrease from $1,104 million on December 31, 2024[55] - As of March 31, 2025, letters of credit outstanding under the credit facility totaled $465 million, with a borrowing capacity of $856 million remaining[56] Cash Flow and Investments - Operating cash flow for Q1 2025 was $(286) million, compared to $(111) million in Q1 2024, reflecting challenges in cash generation[18] - The company repurchased $142 million of common stock during the quarter, indicating a commitment to returning value to shareholders[18] - The investment in NuScale was valued at $1,790 million as of March 31, 2025, down from $2,266 million at the end of 2024, reflecting a pre-tax loss of $477 million for the quarter[60] Contractual Obligations and Performance - As of March 31, 2025, contract assets totaled $1,310 million, up from $1,138 million on December 31, 2024, with unbilled receivables increasing to $1,265 million[51] - Contract liabilities included revenue recognized of $367 million as of January 1, 2025, compared to $278 million at the end of 2024[51] - Revenue associated with claims recorded was $230 million as of March 31, 2025, down from $244 million as of December 31, 2024[53] - Remaining Unsatisfied Performance Obligations (RUPO) totaled $27,221 million, with $15,166 million expected to be satisfied within one year[54] - The maximum potential future payments under outstanding performance guarantees were estimated at $15 billion as of March 31, 2025[43] Legal and Settlement Matters - Fluor Australia completed a project for Santos Ltd. involving natural gas facilities, with Santos seeking damages of AUD $1.47 billion[50] - The Court's Panel recommended judgment for Fluor on one claim valued at approximately AUD $700 million, while recommending judgment for Santos on other claims valued at approximately AUD $790 million[50] - Fluor recognized an $84 million impact to earnings related to a settlement from a $415 million judgment in favor of the North Texas Tollway Authority[48] Performance-Based Awards - Performance-based awards granted in 2025 totaled 145,904 units, with a weighted average grant date fair value of $37.12 per share[65] - Performance-based award units granted in 2025 totaled 273,564, slightly up from 272,844 in 2024[64]

Company Overview - Fluor (FLR) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.50, reflecting a change of +6.4% [3] - Revenues are anticipated to reach $4.25 billion, marking a 13.8% increase from the previous year [3] Earnings Expectations - The upcoming earnings report is scheduled for May 2, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -8.39% for Fluor, suggesting a bearish outlook from analysts [10] - Fluor currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [11] Historical Performance - In the last reported quarter, Fluor's actual earnings of $0.48 per share fell short of the expected $0.78, resulting in a surprise of -38.46% [12] - Over the past four quarters, Fluor has only surpassed consensus EPS estimates once [13] Industry Context - In the Zacks Engineering - R and D Services industry, Quanta Services (PWR) is expected to report earnings of $1.67 per share, reflecting a year-over-year change of +18.4% [17] - Quanta Services has a current Earnings ESP of -1.18% and a Zacks Rank of 3, making it difficult to predict an earnings beat [18]