Fluor Corporation (FLR) reported better-than-expected results for fourth-quarter 2023, wherein earnings surpassed the Zacks Consensus Estimate and increased year over year.In the quarter, the top line of the company grew year over year on the back of solid contributions from the Urban Solutions and Mission Solutions business segments. It has been benefiting from robust end markets, strong client relationships and a resilient capital structure. This growing trend is reflected in solid growth in new awards an ...

[Operator Instructions] Your first question comes from the line of Steven Fisher from UBS. Steven Fisher Just looking at your full year EBITDA and EPS for 2023, how that came in and comparing that with your 2024 targets, the growth actually looks pretty modest, but of course your implied CAGR from '24 to '26 looks to be much faster in the double-digit area. So I guess to what extent is that just a slow ramp of projects in backlog that you've expected or something else? And what do you expect to contribute m ...

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its year ended December 31, 2023. Revenue for 2023 was $15.5 billion and net income attributable to Fluor was $139 million, or $0.54 per diluted share. Consolidated segment profit1 for the year was $537 million compared to $427 million in 2022. Including the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted EBITDA1 of $613 million and adjusted diluted earni ...

U.S. 62 % 49 % Backlog related to lump-sum projects 24 % 37 % 31 Table of Contents (1) Total segment profit is a non-GAAP financial measure. We believe that total segment profit provides a meaningful perspective on our results as it is the aggregation of individual segment profit measures that we use to evaluate and manage our performance. (2) Backlog represents the total amount of revenue we expect to record in the future based upon contracts that have been awarded to us. Backlog is stated in terms of gros ...

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced that Jason Landkamer, Executive Director- Investor Relations will be hosting one on one meetings at the following investor conferences: Barclay’s Industrial Select Conference - February 21 in Miami Beach, FL at Loews Miami Beach Citi's 2024 Global Industrial Tech and Mobility Conference - February 22 in Miami Beach, FL at the Ritz Carlton South Beach About Fluor Corporation Fluor Corporation (NYSE: FLR) is building a better ...

The global economy’s shift to sustainable energy has drawn investors’ attention towards cleaner energy sources. As a result, companies involved with hydrogen value chains and fuel cell technology are getting attention. While there are still challenges in scalability and cost-efficiency, some companies have been showing potential under the radar. This article will look at three undervalued hydrogen stocks based on their analyst earnings growth forecast with huge potential to carve their share from this secto ...

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. Federal Emergency Management Agency (FEMA) has selected Fluor to provide recovery services under the Public Assistance Technical Assistance Contracts V (PA TAC V) for their East Zone region. PA TAC V supports FEMA’s distribution of public assistance following presidentially declared disasters or emergencies. The indefinite delivery/indefinite quantity contract has a one-year base period with four one-year option peri ...

Fluor Corporation’s (FLR) proprietary Econamine FG Plus carbon capture technology has been selected by Chevron New Energies to reduce carbon dioxide (CO2) emissions at its Eastridge Cogeneration facility in Kern County, CA.Fluor has recognized the value of this undisclosed license contract in the fourth quarter.When installed, Econamine FG Plus is expected to reduce the Eastridge facility’s carbon emissions by approximately 95%. This apart, Fluor will develop a process design package, supply proprietary equ ...

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Chevron New Energies has signed a license agreement with Fluor to use its proprietary Econamine FG PlusSM carbon capture technology to reduce carbon dioxide (CO2) emissions at Chevron’s Eastridge Cogeneration facility in Kern County, California. Fluor recognized the undisclosed license award in the fourth quarter. “We are pleased to help Chevron achieve their CO2 reduction goals through the use of our carbon capture techno ...

the funding needs of Nuscale moving forward? Is there any possibility that Florida to inject more capital into the JV? Joe Brennan You know, it is -- I would say, maybe there's a few pockets in our markets or a few customers specifically who run into challenging times. If you're a chemical client in Europe, you are challenged with feedstock and you may have to pull back a bit. But everything we're seeing -- we've got a key account management process that keeps our finger on the pulse. Along with a client Ca ...