Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $4.1 billion, with consolidated new awards of $2.7 billion, leading to a total backlog of $31.3 billion, of which 80% is reimbursable [7][18] - Adjusted EBITDA for Q3 was $124 million, down from $216 million a year ago, and adjusted EPS was $0.51 compared to $1.02 in Q3 2023 [18][23] - G&A expenses decreased to $37 million from $56 million a year ago, reflecting a reduction in anticipated incentive compensation [19] Business Segment Data and Key Metrics Changes - Urban Solutions reported segment profit of $68 million with new awards of $828 million and a backlog increase of 72% over the past year [8] - Mining and Metals received a $289 million award for a rare Earth minerals refinery in Australia, with a focus on large EPC projects [9] - Mission Solutions reported segment profit of $45 million, driven by increased activities on two DOE contracts, with a backlog of $3.1 billion [12] - Energy Solutions had a segment profit of $50 million, impacted by lower contributions from a large project and $18 million in cost growth [14] Market Data and Key Metrics Changes - The demand picture remains strong, with top clients expected to spend $195 billion in CapEx in 2024, up from $164 billion in 2023 [36] - Energy transition projects are expected to be lighter in the US, while Europe shows significant activity in this area [37] Company Strategy and Development Direction - The company is focusing on a diversified portfolio and is taking a holistic view of markets to align resources and project delivery [17] - The strategic planning cycle will emphasize growth in Urban Solutions and Mission Solutions, particularly in environmental remediation and nuclear sectors [15][16] - The company aims to return capital to shareholders through increased share repurchase programs and potential dividend reinstatement [22][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term segment margins of 4% to 6% despite short-term challenges [26] - The company is optimistic about future growth opportunities, particularly in urban and mission solutions, and anticipates a strong CAGR for revenue and EBITDA through 2028 [16][33] Other Important Information - The company is developing innovative cooling processes and modularization designs for data centers to enhance competitive advantages [10] - The NuScale investment is expected to recognize a gain of $1.6 billion in Q4 2024, reflecting the strong market potential for SMRs [21] Q&A Session Summary Question: Concerns about revenue guidance and margin implications - Management acknowledged challenges with project delays impacting revenue recognition and assured that long-term margin expectations remain unchanged [26][32] Question: Share repurchase and dividend reinstatement potential - Management indicated plans to discuss a holistic shareholder return plan in Q4, with confidence in returning capital to shareholders [29] Question: Outlook for 2025 and strategic planning - Management is finalizing strategic plans and remains optimistic about growth in various segments, particularly urban solutions and energy transition projects [32][33] Question: Demand strength and selectivity in bookings - Management confirmed the ability to remain selective in bookings while achieving growth objectives, with a strong demand outlook from top clients [36] Question: Energy Solutions segment performance and future growth - Management highlighted ongoing front-end work in Energy Solutions and the expectation of significant contributions from upcoming projects [50][52]

FLUOR. Q3 2024 RESULTS November 8, 2024 © 2024 Fluor Corporation. All Rights Reserved. Fluor is a registered service mark of Fluor Corporation. LNG CANADA EXPORT FACILITY // KITIMAT, B.C., CANADA 1 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 s ...

Fluor (FLR) shares rallied 8.2% in the last trading session to close at $54.61. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.2% gain over the past four weeks. Investors are gaining confidence in Fluor's market standing and outlook as the company consistently lands new contracts and meets its strategic goals. This engineering, construction and operations company is expected to post quarterly earnings of $ ...

Core Insights - Zacks Premium offers tools to enhance investor confidence and market engagement through daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing complementary indicators to the Zacks Rank [2][3] - Stocks are rated from A to F, with A indicating the highest potential for market outperformance [3] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3][4] Growth Score - The Growth Style Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score identifies optimal entry points for stocks based on price trends and earnings estimate changes [4] VGM Score - The VGM Score combines all three Style Scores, offering a comprehensive indicator for selecting stocks with attractive value, growth potential, and momentum [5] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [6][9] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [7] Stock Selection Strategy - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [8][9] Company Spotlight: Fluor Corporation - Fluor Corporation, based in Irving, TX, provides engineering, procurement, construction, and maintenance services [10] - Currently rated 3 (Hold) with a VGM Score of A and a Value Style Score of B, Fluor has a forward P/E ratio of 16.37 [10][11] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate to $2.88 per share, with an average earnings surprise of 29.7% [11]

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Z ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Z ...

Core Viewpoint - Fluor Corporation reported mixed results for Q2 2024, with earnings exceeding estimates while revenues fell short, driven by strong performance in the Urban Solutions segment [1][2]. Financial Performance - Adjusted EPS was 85 cents, beating the Zacks Consensus Estimate of 68 cents by 25%, and increased 11.8% from 76 cents a year ago [2]. - Quarterly revenues totaled $4.23 billion, missing the consensus mark of $4.35 billion by 2.9%, but grew 7.3% from $3.94 billion in the previous year [2]. Segment Analysis - Segment profit was $194 million, slightly up from $191 million a year ago, with a segment margin of 4.6%, down from 4.8% [3]. - Adjusted EBITDA decreased to $165 million from $181 million in the prior year [3]. - New awards in the quarter were $3.1 billion, down from $3.71 billion a year ago, while the consolidated backlog increased to $32.3 billion from $29.4 billion [3]. Energy Solutions Segment - Revenues declined 7.3% year over year to $1.6 billion, with a margin of 4.7%, down from 5.2% [4]. - New awards were $582 million, down from $753 million a year ago, and backlog increased to $8.53 billion from $7.65 billion [4]. Urban Solutions Segment - Revenues rose 52.3% year over year to $1.83 billion, with a margin of 5.7%, down from 6.3% [5]. - New awards increased to $2.42 billion from $2.28 billion, and backlog surged to $19.6 billion from $11.7 billion [5]. Mission Solutions Segment - Revenues were $704 million, nearly unchanged from $705 million a year ago, with a margin improvement to 5.8% [6]. - New awards decreased to $63 million from $339 million, and backlog fell to $3.78 billion from $4.9 billion [6]. Other Segment - Revenues dropped to $97 million from $311 million, with a loss of $27 million compared to a $14 million loss a year ago [7]. - New awards were $37 million, down from $336 million, and backlog decreased to $427 million from $1.24 billion [7]. Guidance - For 2024, Fluor expects adjusted EPS in the range of $2.50-$3.00 and narrowed adjusted EBITDA guidance to $625-$675 million from $600-$700 million [8].

FLUOR。 Q2 2024 RESULTS AUGUST 2, 2024 © 2024 Fluor Corporation. All Rights Reserved. GORDIE HOWE INTERNATIONAL BRIDGE // CANADIAN-U.S. BORDER ACROSS THE DETROIT RIVER 1 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, including statemen ...

Fluor (FLR) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this engineering, construction and operations company would post earnings of $0.54 per share when it actually produced earnings of $0.47, delivering a surprise of -12.96%. Over the las ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Fluor (FLR) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question. Our latest available data shows that FLR has returned about 21.7% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of 17.1% on a year-to-date basis. As we ca ...