Fluor Corporation (FLR) recently won the task order for Pavement and Transportation Support from the U.S. Air Force Installation Contracting Agency. The contract will be based in North Field, Tinian, which is part of the Commonwealth of the Northern Mariana Islands.This task order contract has a period of performance of 60 months and is valued at about $409 million. The cost-plus and fixed-fee task order was awarded to FLR under the Air Force Contract Augmentation Program V (“AFCAP V”).Fluor is positive abo ...

The Russell 2000 index offers investors various small-cap companies that can incite great long-term returns and add a more differentiated investment to their portfolio. Not all stocks in the Russell 2000 are automatic wins, but there are certainly some worth keeping your eye on.These three stocks, in particular, have exciting events that have sparked their popularity and made investors start to consider their potential. While they are riskier than some large-cap stocks, they are in a position to stir up a s ...

It has been about a month since the last earnings report for Fluor (FLR) . Shares have added about 10.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Fluor due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Fluor Q4 Earnings Beat, New Awards & Backlog Up Y/YFluor ...

Fluor Corporation (FLR) is benefiting from robust demand for its engineering and construction solutions, which is reflected in its new award wins and backlog growth. Also, its diversified business is encouraging.The company’s earnings estimate for 2024 has moved north in the past seven days to $2.84 per share from $2.82, showcasing growth rate of 4% year over year. Furthermore, the earnings growth rate of the first quarter of 2024 is 92.9% year over year. The growth prospect is further solidified with a VGM ...

Fluor Corporation (FLR) has been selected, along with partners, for the Hanford Integrated Tank Disposition Contract by the U.S. Department of Energy (“DOE”). The joint venture, Hanford Tank Waste Operations & Closure, LLC, will oversee environmental management operations at the Hanford Site in Washington state. This $45 billion, 10-year contract marks a significant opportunity for Fluor.Shares of Fluor have gained 1.5% during the trading session and 1.6% in the after-hour trading session on Mar 7, 2024.The ...

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) selected Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., together with Fluor and Amentum – to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluo ...

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 ...

Fluor Corporation (NYSE:FLR) Q4 2023 Results Conference Call February 20, 2024 9:30 AM ET Company Participants Jason Landkamer - Head of Investor Relations David Constable - Chairman and Chief Executive Officer Joe Brennan - Chief Financial Officer Conference Call Participants Steven Fisher - UBS Andy Wittmann - Baird Sangita Jain - KeyBanc Capital Markets Michael Dudas - Vertical Research Brent Thielman - D.A. Davidson Michael Feniger - Bank of America Operator Good morning, and welcome to Fluor's Fourth Q ...

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 ...