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) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -34.62%. A quarter ago, it was expected that this engineering, construction and operations company would post earnings of $0.68 per share when it actually produced earnings of $0.85, delivering a surprise of 25%. Over the las ...

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 THIRD QUARTER 2024 RESULTS • 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 dilu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-16129 FLUOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 33-0927079 (State or other jur ...

Fluor Corporation (FLR) is scheduled to report third-quarter 2024 results on Nov. 8, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, the company's earnings per share (EPS) beat the Zacks Consensus Estimate by 25% but net sales missed the same by 2.9%. Its EPS increased 11.8% and net sales grew 7.3% from the year-ago period, given solid contributions from the Urban Solutions segment. This engineering, procurement, construction and ma ...

David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in highquality growth stocks. Analyst's Disclosure: I/we have no stock, option or similar derivative ...

Fluor Corporation (FLR) announced that the Hanford Tank Waste Operations & Closure, LLC joint venture (JV), including FLR and Amentum and led by BWX Technologies, Inc.'s subsidiary, received approval for a contract from the U.S. Department of Energy (DOE). The JV received approval to begin the Hanford Integrated Tank Disposition Contract after the U.S. Court of Federal Claims dismissed a protest against this contract. The award has a 10-year ordering period for environmental management operations at the Han ...

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 $ ...

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