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Fluor Breaks Ground on State Highway 6 Project in Bryan/College Station, Texas
Businesswire· 2025-11-20 23:04
Core Points - Fluor Corporation has commenced the groundbreaking of the State Highway 6 expansion project in Bryan/College Station, Texas, in collaboration with local officials and the Texas Department of Transportation (TxDOT) [2][3] - The project involves reconstructing and widening a 12-mile stretch of SH-6 from two to three lanes in each direction, aimed at enhancing traffic capacity, regional connectivity, and safety [2][3] - Completion of the construction is anticipated by the end of 2030 [4] Company Overview - Fluor Corporation, listed on NYSE as FLR, reported a revenue of $16.3 billion in 2024 and is ranked 257 among Fortune 500 companies [5] - The company employs nearly 27,000 individuals and specializes in providing engineering, procurement, construction, and maintenance services globally [5] - Fluor has a long-standing history of over a century in delivering capital-efficient projects [5]
Important Notice to Long-Term Shareholders of Fluor Corporation (FLR): Grabar Law Office Investigates Claims on Your Behalf
Newsfile· 2025-11-16 16:19
Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of Fluor Corporation regarding potential breaches of fiduciary duties by certain officers and directors [1] Group 1: Investigation Details - The investigation is focused on whether Fluor Corporation's officers made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [3] - Allegations include that costs for specific projects were increasing due to subcontractor errors, price hikes, and scheduling delays, which negatively impacted the company's financial results [3] - The investigation suggests that Fluor's financial guidance for FY 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated [3] Group 2: Shareholder Actions - Shareholders who purchased Fluor Corporation shares before February 18, 2025, and still hold them can seek corporate reforms and the return of funds at no cost [2][4] - Interested shareholders are encouraged to contact Grabar Law Office for more information on the investigation and potential actions [2][4]
Fluor Stock Has Been Volatile Lately. Is the Texas-Based Company Worth the Risk?
The Motley Fool· 2025-11-15 09:05
Core Viewpoint - Fluor, a Texas-based construction and engineering company, has experienced significant stock volatility in 2025, but its strategic focus on nuclear power is attracting renewed investor interest [1][2]. Company Performance - Fluor's stock has fluctuated dramatically, with a 40% decline in April, a 20% gain in July, and a subsequent 20% drop in August, leading to a current year-to-date loss of 7% [2]. - The company has a market capitalization of $7 billion, making it the smallest among six Construction & Engineering stocks in the SPDR S&P MidCap 400 ETF Trust, and it remains the only one with a negative performance for the year [3]. - Fluor's stock is approximately 55% below its all-time high of $102 from 2008 and about 20% below its 52-week high of $57.50 reached in late July [4]. Financial Results - Fluor missed revenue estimates for the eighth consecutive quarter, reporting a 17% decline in revenue to $3.3 billion, significantly below the average estimate of $4.2 billion [5]. - Adjusted earnings per share increased by 33% to $0.68, surpassing analysts' expectations of $0.45 [5]. - The company secured $3.3 billion in new contracts in Q3, raising its backlog to $28.2 billion, with 82% of this backlog being reimbursable contracts [6]. Strategic Moves - Fluor plans to monetize its remaining 39% stake in NuScale, a company specializing in small modular reactors, which has seen its stock rise over 600% in the past two years due to increased demand for nuclear energy [7]. - After selling a 15 million-share block of NuScale for $605 million, Fluor aims to liquidate the rest of its stake by the end of Q2 2026, expecting to raise $800 million by February to support a stock-buyback program [8][9]. Market Outlook - Analysts have mixed ratings on Fluor, with five recommending a buy and five suggesting a hold, and an average 12-month price target of $51, indicating a potential upside of about 12% from the current price [13]. - The company is projected to achieve earnings growth of approximately 7% and an 8% increase in revenue for the full year 2026 [13]. - Fluor's forward price-to-earnings ratio of 22x places it in the top quintile of its historical range, indicating a higher valuation compared to 80% of the past decade [12].
Fluor Corporation Deadline Today: Rosen Law Firm Urges Fluor Corporation (NYSE: FLR) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
Businesswire· 2025-11-14 16:27
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Fluor Corporation (NYSE: FLR) on behalf of investors who purchased securities between February 18, 2025, and July 31, 2025, alleging that the company misled investors regarding its business operations [1][2]. Allegations - The lawsuit claims that Fluor Corporation made false and misleading statements and failed to disclose significant issues, including rising costs associated with major projects such as the Gordie Howe International Bridge and various Texas highways due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [2]. - The financial guidance provided by Fluor for the full year 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategies [2]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file motions with the court by November 14, 2025 [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3]. About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [5].
FLR DEADLINE TODAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Fluor Corporation Investors to Secure Counsel Before Important November 14 Deadline in Securities Class Action – FLR
Globenewswire· 2025-11-14 15:44
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fluor Corporation securities between February 18, 2025, and July 31, 2025, of the lead plaintiff deadline on November 14, 2025, for a class action lawsuit related to misleading statements made by the company [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 [1]. - To participate in the class action, investors can submit a form online or contact the law firm directly for more information [2][5]. - A lead plaintiff is required to move the Court by November 14, 2025, to represent other class members in the litigation [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by law360 in 2020, highlighting the firm's expertise and success in this area [3]. Group 3: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding the costs associated with several major projects, including the Gordie Howe International Bridge and various Texas highways [4]. - It is claimed that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results [4]. - The lawsuit asserts that Fluor's financial guidance for 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated, leading to investor damages when the true situation was revealed [4].
Fluor Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before November 14, 2025 to Discuss Your Rights - FLR
Prnewswire· 2025-11-14 14:00
Core Points - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud affecting investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, which were reportedly increasing due to subcontractor design errors, price hikes, 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 the Company's business and financial results [3]. - The complaint further asserts that Fluor's financial guidance for FY 2025 was unreliable, the effectiveness of its risk mitigation strategy was overstated, and the impact of economic uncertainty was understated [3]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the case [4]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [4]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].
FLR DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Fluor Corporation Investors to Secure Counsel Before Important November 14 Deadline in Securities Class Action - FLR
Newsfile· 2025-11-14 02:22
Core Viewpoint - Rosen Law Firm is reminding investors of Fluor Corporation to secure counsel before the November 14, 2025 deadline for a securities class action related to misleading statements made by the company during the class period from February 18, 2025, to July 31, 2025 [2][6]. 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 [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 [6]. - The claims include that costs for specific projects were increasing due to subcontractor errors and economic uncertainties, leading to unreliable financial guidance from Fluor [6]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may not have the necessary experience or resources [5]. - Rosen Law Firm has a history of successful settlements in securities class actions, including significant recoveries for investors, and has been recognized for its leadership in this area [5]. - To join the class action, investors can visit the provided link or contact the firm directly for more information [4][7].
FLUOR CLASS ACTION DEADLINE: Bragar Eagel & Squire, P.C. Urgently Reminds Fluor Investors to Contact the Firm Before November 14th
Globenewswire· 2025-11-13 21:55
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].
Fluor Will Benefit From The Good, Bad, Or Ugly Of AI (NYSE:FLR)
Seeking Alpha· 2025-11-13 06:19
Core Viewpoint - The article discusses the emergence of an AI investment bubble, emphasizing the importance of recognizing megatrends and fundamentals in investment decisions [1]. Group 1: AI Investment Bubble - There are claims that AI investments are rapidly inflating into a bubble, leading to polarized opinions on the matter [1]. - The article suggests that while markets experience fluctuations, understanding megatrends can provide valuable insights for investment opportunities [1]. Group 2: Investment Strategy - The focus is on the significance of fundamentals, quality of leadership, and product pipelines when evaluating investment opportunities [1]. - The author has experience in assessing startups and emerging technologies, indicating a strong background in identifying potential growth areas [1].
Sabadell's Q3 net profit falls 18% on lower lending income
Reuters· 2025-11-13 06:12
Core Viewpoint - Spain's Sabadell reported a 17.7% decline in third-quarter net profit compared to the same period in 2024, primarily due to reduced lending income as the bank shifts its focus towards sustainability in its standalone strategy [1] Financial Performance - The net profit for the third quarter fell significantly by 17.7% from the previous year [1] - The decrease in profit is attributed to lower lending income, indicating a potential shift in the bank's revenue generation strategy [1] Strategic Focus - The company is transitioning its focus towards sustainability, which may impact its traditional lending practices and income streams [1]