Core Viewpoint - Fluor's disappointing second-quarter 2025 financial results and revised outlook have led to a significant drop in its stock price, reflecting investor concerns about the company's performance and future prospects [1][3][4]. Financial Performance - Fluor reported Q2 2025 revenue of $3.98 billion, missing analysts' expectations of $4.55 billion, representing a year-over-year decline of 5.9% [3]. - The company's adjusted earnings per share (EPS) was $0.43, falling short of the estimated $0.56 [3]. Revised Outlook - Management revised its 2025 adjusted EBITDA forecast from an initial range of $575 million to $675 million down to $475 million to $525 million, citing "client hesitation around economic uncertainty" as a key factor [4]. - The revision reflects concerns over new awards and project delays impacting the company's performance [4]. Investor Sentiment - Despite the steep decline in stock price, the company remains an industry leader in energy and infrastructure projects, suggesting potential for future growth [5]. - Investors are advised to maintain their positions rather than sell in response to the current downturn [5].

Core Viewpoint - Fluor Corporation (FLR.US) experienced a significant drop of over 30% in stock price, following a period of increase of 58% since April, currently trading at $38.53 [1] Financial Performance - The company reported adjusted earnings per share of $0.43 for the second quarter, which fell short of Wall Street's expectation of $0.55 [1] - Total revenue amounted to $3.98 billion, down from $4.23 billion in the same period last year, and also below analysts' consensus estimate of $4.51 billion [1] Guidance Adjustment - Fluor has lowered its full-year profit guidance, citing that "customers are hesitant due to economic uncertainty" [1] - The management now projects earnings per share in the range of $1.95 to $2.15, down from the previous target range of $2.25 to $2.75 [1]

Core Viewpoint - Fluor Corporation (FLR.US) experienced a significant drop of over 30% in stock price, following a disappointing earnings report for Q2, which revealed lower-than-expected earnings and revenue figures [1] Financial Performance - The adjusted earnings per share for Q2 were reported at $0.43, falling short of Wall Street's expectation of $0.55 [1] - Total revenue for the quarter was $3.98 billion, down from $4.23 billion in the same period last year, and also below the analysts' consensus estimate of $4.51 billion [1] Guidance Revision - The company has lowered its full-year profit guidance, citing that "customers are hesitant due to economic uncertainty" [1] - Management now projects earnings per share to be in the range of $1.95 to $2.15, down from the previous target range of $2.25 to $2.75 [1]

BOSTON, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton LLP is investigating Fluor Corp. (NYSE: FLR) for potential securities law violations. Investors who have lost money in their Fluor Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/flr. What is this all about? Shares of Fluor Corp. (NYSE: FLR) lost over 20% of their value in pre-market trading on August 1, 2025, after the company reported second qua ...

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $4 billion, with consolidated new awards of $1.8 billion, 72% of which were reimbursable [6][7] - Total backlog remains around $28 billion, with 80% being reimbursable [8] - Adjusted EBITDA for Q2 was $96 million, down from $165 million a year ago, and adjusted EPS was $0.43 compared to $0.85 [27][36] Business Segment Data and Key Metrics Changes - Urban Solutions reported a profit of $29 million, impacted by a $54 million net cost growth on three infrastructure projects [8][14] - Energy Solutions segment profit was $15 million, down from $75 million a year ago, due to nearing project completions and an arbitration ruling [16][17] - Mission Solutions reported a segment profit of $35 million, down from $41 million a year ago, due to a temporary stop work order [20] Market Data and Key Metrics Changes - New awards for the quarter totaled $7.6 billion for 2025, with a book-to-burn ratio above one [7] - The company noted a slowdown in capital spending in the Mining and Metals sector due to global trade uncertainty [12] - The infrastructure segment experienced cost growth on three projects, with significant impacts from design errors and material escalation [14][91] Company Strategy and Development Direction - The company is focusing on markets such as mining, advanced manufacturing, data centers, and life sciences for future growth [46][48] - Management expressed optimism about the long-term opportunities in the LNG market, particularly with the recent achievements in LNG Canada [19][81] - The company plans to convert 15 million NuScale Class B shares into Class A, viewing it as a positive step for shareholder value [5][34] Management's Comments on Operating Environment and Future Outlook - Management noted a short-term hesitation in client investment decisions due to trade policy uncertainties and cost escalations [22][23] - The company expects that once trade agreements stabilize, clients will accelerate investments in various end markets [23][102] - Management remains confident in the long-term growth strategy despite current market hesitations [100][102] Other Important Information - The company reported a cash and marketable securities balance of $2.3 billion as of June 30, down from $2.5 billion at the end of Q1 [30] - Operating cash flow for the quarter was an outflow of $21 million, significantly lower than the cash generation of $282 million a year ago [31] - The company plans to slow share repurchases in 2025, expecting total repurchases to be between $450 million to $500 million [32] Q&A Session Summary Question: Insights on the bookings environment and backlog growth - Management acknowledged that trade policy impacts client sentiment and investment decisions, but they are pursuing work in the right markets [41][46] Question: Details on NuScale conversion and tax implications - The conversion of Class B shares to A shares will have a tax gain associated with it, which can be shielded through tax credits [50][51] Question: Clarification on backlog adjustments - The $1.7 billion in positive backlog adjustments relates to ongoing reimbursable work, primarily in the Urban Solutions segment [63][64] Question: Comments on infrastructure project performance - Management expressed disappointment with the results of three infrastructure projects but is committed to addressing the issues and completing them [91][92]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $4 billion, with consolidated new awards of $1.8 billion, 72% of which were reimbursable [6][25] - Total backlog remains around $28 billion, with 80% being reimbursable [7] - Adjusted EBITDA for Q2 was $96 million, down from $165 million a year ago, and adjusted EPS was $0.43 compared to $0.85 [27][38] - Operating cash flow for the quarter was an outflow of $21 million, compared to cash generation of $282 million a year ago [31] Business Segment Data and Key Metrics Changes - Urban Solutions reported a profit of $29 million, impacted by a $54 million net cost growth on three infrastructure projects [8][14] - Energy Solutions segment profit was $15 million, down from $75 million a year ago, due to nearing project completions and an arbitration ruling [16] - Mission Solutions reported a segment profit of $35 million, down from $41 million a year ago, due to a temporary stop work order [21] Market Data and Key Metrics Changes - The company noted a slowdown in client investment decisions due to trade policy uncertainties and cost escalations [23][24] - There is strong demand in the mining sector, but immediate enthusiasm for major capital deployment is tempered by global trade uncertainty [12][24] Company Strategy and Development Direction - The company is focusing on markets such as mining, advanced manufacturing, data centers, and life sciences for future growth [48][49] - The strategic sale of NuScale shares is being pursued, with a conversion of 15 million shares expected to enhance capital return objectives [35][36] Management's Comments on Operating Environment and Future Outlook - Management indicated that client sentiment is cautious due to ongoing trade discussions and cost uncertainties, impacting long-term investment decisions [23][24] - The company expects that once trade agreements stabilize, clients will accelerate investments in various end markets [24][96] Other Important Information - The company achieved significant milestones on the LNG Canada project, including the shipment of the first LNG cargo [20] - The company is revising its 2025 adjusted EBITDA guidance to $475 million to $525 million, reflecting market hesitancy and project delays [38] Q&A Session Summary Question: Insights on bookings environment and backlog growth - Management acknowledged that trade policy impacts client sentiment and investment decisions, but they are pursuing work in the right markets [44][50] Question: NuScale conversion mechanics and future plans - The conversion of 15 million shares is expected to provide tax benefits and facilitate monetization without significant cash leakage [51][53] Question: Cash flow implications of LNGC change order - The JV structure means that cash flow will be realized when dividends are made, following the collection of funds related to the change order [105] Question: Infrastructure project performance and future outlook - Management expressed disappointment with recent project results but emphasized a commitment to addressing issues and learning from past experiences [85][88]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 400 points on Friday [1] - Coinbase Global, Inc. shares fell sharply in pre-market trading after disappointing quarterly results [1] Coinbase Global, Inc. - Coinbase reported second-quarter revenue of $1.5 billion, a decrease of 26% quarter-over-quarter, missing the consensus estimate of $1.69 billion [2] - Adjusted earnings per share were 12 cents, falling short of the Street consensus estimate of $1.35 [2] - Coinbase shares dipped 11.2% to $335.62 in pre-market trading [2] Other Companies - Fluor Corporation's shares fell 23.1% to $43.70 after reporting second-quarter results below estimates and lowering FY25 adjusted EPS guidance [4] - Enovix Corporation declined 16.8% to $11.15 following its quarterly financial results [4] - Innodata Inc. fell 15.5% to $46.39 after releasing its second-quarter financial results [4] - Bloom Energy Corporation shares dropped 15% to $31.82 after its quarterly financial results [4] - Eastman Chemical Company fell 12.6% to $63.50 after reporting worse-than-expected second-quarter results and issuing below-estimate third-quarter adjusted EPS guidance [4] - Aeva Technologies, Inc. declined 11% to $16.60 following its quarterly results [4] - Columbia Sportswear Company fell 9.4% to $51.26 after cutting its FY25 revenue guidance [4] - Riot Platforms, Inc. dipped 9.1% to $12.19 after releasing its quarterly financial results [4] - EchoStar Corporation fell 8.8% to $29.70 following weak quarterly results [4] - Amazon.com, Inc. dipped 7.6% to $216.27 after reporting second-quarter financial results [4]

Q2 2025 RESULTS AUGUST 1, 2025 © 2025 Fluor Corporation. All Rights Reserved. Fluor is a registered service mark of Fluor Corporation. 1 LNG CANADA EXPORT FACILITY // KITIMAT, B.C., CANADA 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). These forward-looking statements ...

Group 1: Earnings Performance - Fluor reported quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.59 per share, and down from $0.85 per share a year ago, representing an earnings surprise of -27.12% [1] - The company posted revenues of $3.98 billion for the quarter, missing the Zacks Consensus Estimate by 17.4%, and down from $4.23 billion year-over-year [2] Group 2: Stock Performance and Outlook - Fluor shares have increased by approximately 15.1% since the beginning of the year, outperforming the S&P 500's gain of 7.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.63 on revenues of $4.86 billion, and for the current fiscal year, it is $2.51 on revenues of $18.52 billion [7] Group 3: Industry Context - The Engineering - R and D Services industry, to which Fluor belongs, is currently in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Aecom Technology, another company in the same industry, is expected to report quarterly earnings of $1.25 per share, reflecting a year-over-year change of +7.8% [9]

Fluor Corporation Brett Turner Exhibit 99.1 6700 Las Colinas Blvd Media Relations Irving, Texas 75039 864.281.6976 tel 469.398.7000 main tel Jason Landkamer Investor Relations 469.398.7222 tel News Release FLUOR REPORTS SECOND QUARTER 2025 RESULTS IRVING, Texas (August 1, 2025) - Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ending June 30, 2025. "I'm pleased with the tremendous accomplishments achieved by the team on the LNG Canada project, including the first shipment of ...