Financial Performance - Revenue for the third quarter of 2025 was $3,368 million, a decrease of 17.7% compared to $4,094 million in the same quarter of 2024[10] - Net loss for the third quarter of 2025 was $707 million, compared to a net income of $25 million in the same quarter of 2024[10] - Basic EPS for the third quarter of 2025 was $(4.30), compared to $0.32 in the same quarter of 2024[10] - The company reported a comprehensive loss of $711 million for the third quarter of 2025, compared to a comprehensive income of $56 million in the same quarter of 2024[13] - Urban Solutions revenue increased to $2,343 million in Q3 2025, up from $1,931 million in Q3 2024, representing a growth of 21.4%[35] - Energy Solutions segment profit declined by $653 million (or $3.99 per share) due to a court ruling on the Santos project in Australia[36] - Mission Solutions segment profit decreased by $28 million (or $0.16 per share) due to revenue reserves from a long-standing claim[38] - Gross profit for the third quarter of 2025 was a loss of $449 million, compared to a profit of $88 million in the same quarter of 2024[10] Assets and Equity - Total assets increased to $11,468 million as of September 30, 2025, from $9,143 million as of December 31, 2024[15] - Total shareholders' equity increased to $5,186 million as of September 30, 2025, from $3,949 million as of December 31, 2024[15] - The total shareholders' equity decreased to $5,227 million as of September 30, 2025, down from $2,341 million as of September 30, 2024[32] - The balance of retained earnings as of September 30, 2025, was $4,642 million, a decrease from $1,261 million as of September 30, 2024[32] Cash Flow and Debt - Operating cash flow for the nine months ended September 30, 2025, was $(21) million, a significant decrease from $501 million in the same period of 2024[18] - Total debt as of September 30, 2025, was $1,070 million, a decrease from $1,104 million as of December 31, 2024[58] - As of September 30, 2025, cash and cash equivalents totaled $2,776 million, compared to $2,829 million as of December 31, 2024[65] Tax and Other Income - The company recognized a tax benefit of $230 million in the third quarter of 2025, contributing to the net earnings before equity method earnings[10] - The effective tax rate for Q3 2025 was 20%, significantly lower than 71% in Q3 2024[42] - Other comprehensive income (OCI) for Q3 2025 was a loss of $4 million, compared to a gain of $31 million in Q3 2024[32] Stock and Shareholder Actions - The company repurchased $365 million of common stock during the nine months ended September 30, 2025[18] - The company repurchased common stock amounting to $70 million during Q2 2025[32] - Performance-based award units totaling 278,193 were granted to officers during the 2025 Period[67] Future Commitments and Obligations - The maximum potential future payments under outstanding performance guarantees were estimated at $13 billion as of September 30, 2025[47] - Future funding commitments for unconsolidated Variable Interest Entities (VIEs) were $48 million as of September 30, 2025[45] - Remaining Unsatisfied Performance Obligations (RUPO) totaled $26,900 million as of September 30, 2025, with $13,211 million expected to be satisfied within one year[57] Investments and Sales - The company recognized a gain of $7 million from the sale of Stork's operations in the U.K. during the 2025 Period[39] - The company completed the sale of 10 million NuScale shares for net proceeds of $414 million during the 2025 Quarter[44] - The fair value of the investment in NuScale was $4,186 million as of September 30, 2025, reflecting a pre-tax loss of $401 million for the quarter[62]

Core Viewpoint - Rosen Law Firm is encouraging investors of Fluor Corporation to secure legal counsel before the November 14, 2025 deadline for a securities class action lawsuit related to misleading statements made by the company during the class period from February 18, 2025, to July 31, 2025 [1][5]. Group 1: Class Action Details - Investors who purchased Fluor securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 14, 2025 [3]. - The lawsuit alleges that Fluor made false and misleading statements regarding project costs and financial guidance, which negatively impacted the company's business and financial results [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in recovering hundreds of millions for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 for the number of settlements in 2017 and securing over $438 million for investors in 2019 [4].

Market Overview - Despite markets hovering near all-time highs, there is a shift from exuberance to cautious optimism, influenced by weak U.S. employment numbers and the potential economic impact of a federal government shutdown [1] - The market has not seen a 10% correction in over six months, leading investors to brace for a potential drawdown instead of a year-end rally [2] Value Stocks - Investors sitting on significant unrealized gains may consider reallocating to value stocks to minimize losses and generate income through dividends [2] - Five value stocks with a market cap of $3 billion or higher and a Benzinga Edge Value score of at least 90 are highlighted for portfolio protection in volatile environments [3] Sasol Ltd. - Sasol Ltd. has a Benzinga Edge Value Score of 99.66, with a market cap of $3.94 billion, trading at 10 times earnings, a P/B value of 0.4, and a P/S ratio of 0.27, indicating it is undervalued compared to U.S. and emerging market peers [4] - The stock has shown volatility but has evidence of upward momentum, with key technical levels to watch for a potential breakout [6] Gerdau SA - Gerdau has a Benzinga Edge Value Score of 97.67, with a market cap of $7 billion, trading at 8 times forward earnings, a P/B value of 0.70, and a P/S ratio of 0.37, along with a 3.27% dividend [7] - The stock has been trending higher since a Golden Cross in August, currently over 10% above its 50-day SMA, indicating bullish momentum [9] Ecopetrol SA - Ecopetrol has a Benzinga Edge Value Score of 97.47, with a market cap of $19 billion and annual sales exceeding $30 billion, showing a nearly 20% increase year-to-date [10] - The stock's fundamentals and technical trends are favorable, with a P/E ratio of 6.55 and a P/S ratio of 0.64, and bullish momentum is building [12] Seaboard Corp. - Seaboard has a Benzinga Edge Value Score of 94.03, with a market cap of $3.5 billion and annual sales over $9 billion, trading at 9 times earnings, a P/S ratio of 0.36, and a P/B ratio of 0.71 [13] - Recent signals indicate a revival in bullish momentum, with a significant rally taking the share price above the 50-day SMA [15] Fluor Corp. - Fluor has a Benzinga Edge Value Score of 91.46, with a market cap of $7 billion and annual sales exceeding $16 billion, trading at just 2 times earnings and a P/S ratio of 0.47 [16] - The stock has seen a 15% increase in the last three months, breaking above its 50- and 200-day SMAs, indicating a potential momentum reversal [18]

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 November 14, 2025 [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3] Group 3: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding the costs associated with several major projects, which were impacted by subcontractor design errors, price increases, and scheduling delays [4] - It is claimed 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 2025 unreliable [4] - The lawsuit asserts that the public statements made by Fluor were materially false and misleading, leading to investor damages when the true details became known [4]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed costs related to infrastructure projects [1][3]. Summary by Sections Class Action Details - The class period for the lawsuit is from February 18, 2025, to July 31, 2025 [3]. - Allegations include that Fluor Corporation failed to disclose increasing costs associated with infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [3]. - The lawsuit claims that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results [3]. Financial Guidance and Risk Mitigation - The complaint asserts that Fluor's financial guidance for FY 2025 was unreliable and that the effectiveness of its risk mitigation strategy was overstated [3]. - It is alleged that the impact of economic uncertainty on the company's business was understated, leading to materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 14, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Core Viewpoint - Rosen Law Firm is encouraging investors of Fluor Corporation who incurred losses exceeding $100,000 during the specified class period to seek legal counsel before the lead plaintiff deadline on November 14, 2025 [1][2]. Group 1: Class Action Details - Investors who purchased Fluor securities between February 18, 2025, and July 31, 2025, may be eligible for compensation without any upfront costs through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must act by the November 14, 2025 deadline to serve as lead plaintiff [3][5]. Group 2: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding project costs related to the Gordie Howe International Bridge and various Texas highway projects, which were impacted by subcontractor errors, price increases, and scheduling delays [5]. - It is claimed that these issues, along with reduced capital spending from customers and economic uncertainty, negatively affected Fluor's business and financial results, rendering their financial guidance for 2025 unreliable [5]. - The lawsuit asserts that the public statements made by Fluor were materially false and misleading, leading to investor damages when the true situation was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

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 for a class action lawsuit on November 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Fluor securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 14, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding the financial impact of various projects, including the Gordie Howe International Bridge and Texas highway projects, due to rising costs and economic uncertainty [5]. - It is claimed that these misstatements led to an unreliable financial outlook for Fluor for the full year 2025, ultimately resulting in investor damages when the true situation was revealed [5].

Core Insights - Fluor has been selected for the front-end engineering and design of a sustainable aviation fuel hub in England, indicating a strategic move towards renewable energy solutions in the aviation sector [1] Company Summary - Fluor's involvement in the sustainable aviation fuel hub project highlights its commitment to advancing sustainable energy technologies and positions the company as a key player in the growing market for renewable fuels [1] Industry Summary - The selection of Fluor for this project reflects the increasing demand for sustainable aviation fuel, which is becoming a critical component in the aviation industry's efforts to reduce carbon emissions and enhance environmental sustainability [1]

Core Insights - LanzaJet, Inc. has awarded the Front-End Engineering and Design (FEED) for Project Speedbird to Fluor Corporation, marking a significant step in the development of sustainable aviation fuel (SAF) technology [1][2] - Project Speedbird will be a commercial scale ethanol-to-SAF facility located in Teesside, UK, producing over 90,000 tonnes (30 million gallons) of SAF and renewable diesel annually, significantly reducing CO emissions for British Airways [1][3] - The project is expected to create hundreds of jobs and has received £10 million ($13 million) in funding from the U.K. Government through its Advanced Fuels Fund [2][3] Company Overview - LanzaJet is recognized as a leading alternative fuels technology provider, specializing in patented ethanol-based alcohol-to-jet (ATJ) technology [4] - The company is supported by a diverse group of investors and funders, including major corporations and government entities, highlighting its impact on economic development and energy security [4] - LanzaJet has received accolades such as being named a TIME100 Most Influential Company and a Rising Star Company of the Year by S&P Global [4] Industry Impact - Project Speedbird is positioned as a pivotal advancement in the global effort to decarbonize aviation, aiming to redefine the future of flight through the adoption of sustainable fuel technologies [3] - The project utilizes LanzaJet's patented ATJ technology, which has already been deployed at a commercial scale in Georgia, USA, indicating the company's capability in sustainable fuel production [3]

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 lawsuit claims 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 alleged 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 claimed to be 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].