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Fluor Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before November 14, 2025 to Discuss Your Rights - FLR
Prnewswire· 2025-10-09 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit, alleging that the company made materially false and misleading statements during a specified class period, which could have significant implications for its financial results and guidance [1][2]. Group 1: Allegations Against Fluor Corporation - The complaint alleges that costs associated with Fluor's infrastructure projects were increasing due to subcontractor design errors, price increases, and scheduling delays [1]. - It is claimed that customer reductions in capital spending and client hesitations due to economic uncertainty were likely to have a significant negative impact on Fluor's business and financial results [1]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the company's risk mitigation strategy [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 18, 2025, to July 31, 2025, with a deadline for shareholders to register as lead plaintiffs set for November 14, 2025 [2]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 3: Firm's Mission and Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses due to misleading statements or omissions that led to artificial inflation of stock prices [3].
Stockholder Alert: Robbins LLP Reminds Fluor Corporation Stockholders of the Class Action Against FLR and Encourages Investors to Seek More Information
Prnewswire· 2025-10-08 23:43
Core Viewpoint - A class action has been filed against Fluor Corporation for allegedly misleading investors regarding its business prospects and financial guidance during a specific period in 2025 [1][2]. Allegations - The complaint alleges that Fluor failed to disclose increasing costs related to several infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [1]. - It is claimed that customer reductions in capital spending and hesitance due to economic uncertainty were negatively impacting Fluor's business and financial results [1]. - The financial guidance provided by Fluor for FY 2025 was deemed unreliable, with overstated risk mitigation strategies and understated impacts of economic uncertainty [1]. Financial Results - On August 1, 2025, Fluor reported disappointing Q2 2025 financial results, attributing the poor performance to rising costs in infrastructure projects and reduced capital spending by clients [2]. - The adjusted EBITDA guidance was revised down to $475 million to $525 million from a previous range of $575 million to $675 million, and adjusted EPS was lowered to $1.95 to $2.15 from $2.25 to $2.75 [2]. - Following these disclosures, Fluor's stock price dropped by $15.35, or 27.04%, closing at $41.42 per share [2]. Class Action Participation - Shareholders may be eligible to participate in the class action against Fluor and must submit their papers by November 14, 2025, if they wish to serve as lead plaintiff [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3].
ROSEN, A LONGSTANDING LAW FIRM, Encourages Fluor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLR
Globenewswire· 2025-10-08 17:57
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fluor Corporation securities between February 18, 2025, and July 31, 2025, of the upcoming lead plaintiff deadline on November 14, 2025, for a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Fluor securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the deadline [2] - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] Group 2: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding the costs associated with several major projects, including the Gordie Howe International Bridge and various Texas highways [4] - It is claimed that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results [4] - The lawsuit asserts that Fluor's financial guidance for 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated [4]
Fluor Corporation Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Fluor Corporation - FLR
Globenewswire· 2025-10-08 01:20
Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for failing to disclose material information during the class period from February 18, 2025, to July 31, 2025, which is in violation of federal securities laws [3]. Group 1: Lawsuit Details - Investors have until November 14, 2025, to file lead plaintiff applications in the lawsuit against Fluor Corporation [1]. - The lawsuit is pending in the United States District Court for the Northern District of Texas [1]. - The case is titled Maglione v. Fluor Corporation, et al., No. 25-cv-02496 [5]. Group 2: Financial Performance - On August 1, 2025, Fluor announced its Q2 2025 financial results, reporting a non-GAAP EPS of $0.43, which missed consensus estimates by $0.13 [4]. - The company's revenue for Q2 2025 was $3.98 billion, reflecting a 5.9% year-over-year decline and missing consensus estimates by $570 million [4]. - The financial outlook for FY 2025 was negatively revised, with adjusted EBITDA guidance lowered to $475 million to $525 million from a prior range of $575 million to $675 million [4]. - Adjusted EPS guidance was also reduced to $1.95 to $2.15 per share, down from a previous range of $2.25 to $2.75 per share [4]. Group 3: Market Reaction - Following the announcement of the financial results, Fluor's share price fell by $15.35, or 27.04%, closing at $41.42 per share on August 1, 2025 [5].
Investor Reminder (FLR): Kessler Topaz Meltzer & Check, LLP Reminds Fluor Corporation (FLR) Investors of November 14, 2025 Deadline
Globenewswire· 2025-10-08 00:32
Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for alleged misleading statements and failure to disclose significant cost increases and negative impacts on financial results during the Class Period from February 18, 2025, to July 31, 2025 [1][2]. Allegations of Misconduct - The complaint alleges that costs for the Gordie Howe International Bridge and Texas highway projects were increasing due to subcontractor design errors, price hikes, and scheduling delays [2]. - It is claimed that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [2]. - The financial guidance provided by Fluor for fiscal year 2025 is alleged to be unreliable and overstated regarding the effectiveness of its risk mitigation strategy and the impact of economic uncertainty [2]. Lead Plaintiff Process - Fluor investors can seek to be appointed as a lead plaintiff representative by November 14, 2025, or may choose to remain absent from the class [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group with the largest financial interest [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].
FLUOR CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Fluor Corporation Investors of the November 14th Deadline in the Class Action Lawsuit
Globenewswire· 2025-10-07 18:35
Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for allegedly making materially false and misleading statements regarding its business operations and financial prospects during the specified class period from February 18, 2025, to July 31, 2025 [3][7]. Allegation Details - The complaint alleges that Fluor's management failed to disclose significant cost increases related to major projects, including the Gordie Howe, I-635/LBJ, and I-35 projects, due to subcontractor design errors, price increases, and scheduling delays [3]. - It is claimed that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the company's risk mitigation strategy and an understated impact of economic uncertainty [3]. Next Steps - Investors who purchased Fluor shares and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information regarding their rights and potential claims [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 14, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts in the United States [5].
Contact Levi & Korsinsky by November 14, 2025 Deadline to Join Class Action Against Fluor Corporation(FLR)
Globenewswire· 2025-10-06 20:52
Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, which were increasing due to subcontractor design errors, price hikes, and scheduling delays [2] - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [2] - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategy and the impact of economic uncertainty [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees, allowing class members to potentially receive compensation without financial obligation [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years, indicating its expertise in handling complex cases [4]
Lost Money on Fluor Corporation(FLR)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-10-06 12:45
Core Points - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit for shareholders who purchased shares during the specified class period from February 18, 2025, to July 31, 2025 [1] - Allegations include that Fluor Corporation made materially false and misleading statements about the costs associated with its infrastructure projects, which were impacted by subcontractor design errors, price increases, and scheduling delays [1] - The lawsuit claims that these issues, along with reduced capital spending from customers and economic uncertainty, negatively affected Fluor's business and financial results, rendering its financial guidance for FY 2025 unreliable [1] Summary by Sections Allegations - The complaint alleges that Fluor Corporation failed to disclose increasing costs related to infrastructure projects due to various factors, including subcontractor errors and economic conditions [1] - It is claimed that the company's public statements were materially false and misleading throughout the relevant period [1] Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 14, 2025, to participate in the case without any cost or obligation [2] - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2] Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
FLR INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Fluor Corporation Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Globenewswire· 2025-10-06 06:00
Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during the specified class period [1][3]. Group 1: Class Action Details - The class action lawsuit is titled Maglione v. Fluor Corporation, and it includes purchasers of Fluor securities from February 18, 2025, to July 31, 2025 [1]. - Investors have until November 14, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Fluor's infrastructure projects, including the Gordie Howe International Bridge and certain Texas highways, faced rising costs due to subcontractor errors and delays [2][3]. Group 2: Allegations Against Fluor - The lawsuit claims that Fluor failed to disclose significant cost increases related to key projects, which were attributed to design errors, price hikes, and scheduling delays [3]. - It is alleged that these issues, along with reduced capital spending from customers, negatively impacted Fluor's business and financial results [3]. - Fluor's financial guidance for fiscal year 2025 is claimed to be unreliable, with overstated risk mitigation strategies and understated economic impacts [3]. Group 3: Financial Performance - On August 1, 2025, Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, which represented a 5.9% year-over-year decline and missed estimates by $570 million [4]. - The disappointing results were attributed to rising costs in infrastructure projects and reduced capital spending by clients [4]. - Following the announcement of these results, Fluor's stock price fell by over 27% [4].
Looking to Beat the Stock Market? 1 Reason to Set Your Sights on Fluor Stock.
Yahoo Finance· 2025-10-05 22:45
Group 1 - The article highlights Fluor (NYSE: FLR) as a promising growth stock amidst a variety of popular growth stocks available to investors [2][6] - Fluor has a substantial backlog of $28.2 billion as of Q2 2025, compared to its reported revenue of $16.3 billion in 2024, indicating strong future growth potential [4] - The company is well-positioned to capitalize on the increasing demand for data centers driven by artificial intelligence and the resurgence in the nuclear energy sector, particularly through high-assay, low-enrichment uranium projects [5] Group 2 - Fluor is recognized for its comprehensive project development capabilities, managing all phases from design to operations and maintenance, which enhances its competitive edge [7] - The company is generating free cash flow, making it an attractive option for investors seeking a balance between risk and growth [6][7] - With shares priced at 17 times forward earnings, the current valuation presents a favorable buying opportunity for investors [6]