Financial Performance - Q3 2025 revenue was $3.4 billion, down 18% year-over-year, primarily due to a $653 million reversal related to the Santos ruling[9] - GAAP net loss attributable to Fluor was $697 million, including a $653 million charge for the Santos ruling and a $401 million reduction in NuScale's share price[9] - Adjusted EBITDA for Q3 2025 was $161 million, up 29% year-over-year[9] - Total revenue for Q3 2025 was $3,368 million, a decrease of 17.7% compared to $4,094 million in Q3 2024[19] - The company reported a net loss attributable to Fluor of $697 million in Q3 2025, compared to a profit of $54 million in Q3 2024[22] - Adjusted net earnings for the nine months ended September 30, 2025, were $306 million, compared to $318 million for the same period in 2024, a decrease of 3.8%[22] - Operating cash flow for the nine months ended September 30, 2025, was $(21) million, a significant decline from $501 million in the same period of 2024[21] - The company had cash and cash equivalents of $2,776 million at the end of Q3 2025, down from $2,912 million at the end of Q3 2024[21] Awards and Backlog - New awards in Q3 totaled $3.3 billion, representing a 21% increase year-over-year, with 99% being reimbursable[4][9] - Backlog at the end of Q3 was $28.2 billion, down 10% year-over-year, with 82% being reimbursable[4][9] - Total backlog decreased to $28,236 million in Q3 2025 from $31,319 million in Q3 2024, a decline of 9.9%[20] - New awards totaled $3,253 million in Q3 2025, an increase of 20.5% compared to $2,699 million in Q3 2024[19] Segment Performance - Urban Solutions revenue increased to $2,343 million in Q3 2025 from $1,931 million in Q3 2024, representing a growth of 21.4%[19] - Energy Solutions reported a significant decline in revenue, dropping to $262 million in Q3 2025 from $1,428 million in Q3 2024, a decrease of 81.7%[19] Cash Flow and Guidance - Operating cash flow for Q3 was $286 million, compared to $330 million year-over-year, with full-year guidance increased to $250 - $300 million[9] - Adjusted EPS guidance for 2025 was revised to $2.10 to $2.25 per share, up from the previous range of $1.95 to $2.15[8] Corporate Actions - The company announced a share repurchase of $70 million in Q3, targeting an additional $800 million through February 2026[4] - General and administrative expenses increased by 16% year-over-year to $43 million, including $12 million in restructuring costs[9] Investment and Monetization - NuScale investment is expected to be fully monetized by the end of Q2 2026, with net proceeds of $605 million received for 15 million shares converted in Q3[4][9] International Exposure - The backlog related to projects located outside of the U.S. was 41% in Q3 2025, down from 56% in Q3 2024[20]

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Core Insights - Fluor Corporation reported its financial results for Q3 2025, highlighting a commitment to disciplined project delivery and value creation for clients and shareholders [2][6]. Financial Performance - Revenue for Q3 2025 was $3.4 billion, down 18% year-over-year, primarily due to a $653 million reversal related to the Santos ruling [7]. - The company recorded a GAAP net loss of $697 million, which includes a $653 million charge for the Santos ruling and a $401 million reduction in NuScale's share price [7]. - Adjusted EBITDA was $161 million, reflecting a 29% increase year-over-year, while adjusted EPS was $0.68, up 33% year-over-year [7][22]. - General and administrative expenses increased by 16% year-over-year to $43 million, which included $12 million in restructuring costs [7]. Guidance and Outlook - The company revised its adjusted EBITDA guidance to $510 to $540 million and adjusted EPS guidance to $2.10 to $2.25 per share [5]. - Fluor's backlog stood at $28.2 billion, with 82% being reimbursable, down 10% year-over-year [6][21]. Segment Performance - Urban Solutions reported a profit of $61 million with revenue increasing to $2.3 billion, up from $1.9 billion a year ago [9]. - Energy Solutions experienced a loss of $533 million, with revenue decreasing to $262 million from $1.4 billion due to the Santos litigation [10]. - Mission Solutions reported a profit of $34 million, with revenue increasing to $761 million from $635 million a year ago [11]. Shareholder Returns - The company repurchased $70 million in shares during Q3 and is targeting an additional $800 million through February 2026 [6]. - Fluor announced a comprehensive agreement for the conversion and monetization of its remaining stake in NuScale, expecting full monetization by the end of Q2 2026 [2][6].

Core Insights - Fluor Corporation reported an EPS of $0.41, slightly below the estimated $0.44, while revenue reached $4.22 billion, exceeding the forecast of $4.20 billion [1][6] Financial Performance - The company's price-to-sales ratio is 0.44, indicating a relatively low valuation compared to its sales, suggesting potential undervaluation of revenue-generating capacity [3] - Fluor's enterprise value to sales ratio stands at 0.37, further supporting the notion of modest valuation in relation to overall sales [3] - The earnings yield is 54.82%, reflecting a strong return on investment for shareholders [4] - A debt-to-equity ratio of 0.18 indicates conservative use of debt, showcasing a stable capital structure [4] - The current ratio of 1.62 suggests a healthy liquidity position to cover short-term liabilities [4] - The enterprise value to operating cash flow ratio of 17.44 highlights the company's cash flow efficiency, crucial for sustaining growth [5] Strategic Initiatives - Fluor's agreement with NuScale Power is a strategic move to convert and monetize its remaining stake, expected to influence the financial dynamics of both companies [2][6]

Core Insights - Fluor Corporation is set to release its third-quarter earnings results on November 7, with analysts expecting earnings of 45 cents per share, a decrease from 51 cents per share in the same period last year [1] - The consensus estimate for Fluor's quarterly revenue is $4.2 billion, an increase from $4.09 billion a year earlier [1] Recent Performance - In the second quarter, Fluor reported results that fell below estimates and subsequently lowered its FY25 adjusted EPS guidance, leading to a 6% drop in share price to $44.58 [2] Analyst Ratings - Truist Securities analyst Jamie Cook maintained a Buy rating but reduced the price target from $52 to $51 [4] - UBS analyst Steven Fisher also maintained a Buy rating, cutting the price target from $60 to $56 [4] - Citigroup analyst Andrew Kaplowitz kept a Buy rating while lowering the price target from $71 to $57 [4] - Baird analyst Andrew Wittmann maintained a Neutral rating and reduced the price target from $55 to $46 [4] - Keybanc analyst Sangita Jain downgraded the stock from Overweight to Equal-Weight with a price target of $41 [4]

Core Insights - Fluor Corporation is set to release its third-quarter earnings results on November 7, with analysts expecting earnings of 45 cents per share, a decrease from 51 cents per share in the same quarter last year [1] - The consensus estimate for Fluor's quarterly revenue is $4.2 billion, an increase from $4.09 billion a year earlier [1] Recent Performance - In the second quarter, Fluor reported results that fell below estimates and subsequently lowered its FY25 adjusted EPS guidance, leading to a 6% drop in share price to $44.58 [2] Analyst Ratings - Truist Securities analyst Jamie Cook maintained a Buy rating but reduced the price target from $52 to $51 [4] - UBS analyst Steven Fisher also maintained a Buy rating, cutting the price target from $60 to $56 [4] - Citigroup analyst Andrew Kaplowitz kept a Buy rating while lowering the price target from $71 to $57 [4] - Baird analyst Andrew Wittmann maintained a Neutral rating and reduced the price target from $55 to $46 [4] - Keybanc analyst Sangita Jain downgraded the stock from Overweight to Equal-Weight with a price target of $41 [4]

Core Viewpoint - Fluor Corporation (NYSE:FLR) is facing multiple securities fraud class action lawsuits that may affect investor sentiment, despite its potentially undervalued stock metrics as it prepares to release quarterly earnings on November 7, 2025 [1][6]. Financial Performance Expectations - The company anticipates an earnings per share (EPS) of $0.44 and revenue of approximately $4.2 billion for the upcoming quarterly earnings [1][6]. Legal Challenges - The lawsuits, initiated by firms such as Glancy Prongay & Murray LLP, Schall Law Firm, and Gross Law Firm, allege that FLR failed to disclose critical information regarding escalating project costs due to subcontractor design errors, price increases, and scheduling delays [2]. - These legal actions cover investors who purchased FLR securities between February 18, 2025, and July 31, 2025, with a lead plaintiff deadline set for November 14, 2025 [2]. Valuation Metrics - FLR's price-to-earnings (P/E) ratio is approximately 1.84, indicating a low valuation relative to its earnings [3]. - The price-to-sales ratio of 0.45 and enterprise value to sales ratio of 0.38 suggest that FLR's stock is trading at less than half of its annual sales per share, appealing to value investors [3]. Financial Health Indicators - The company has a debt-to-equity ratio of 0.18, indicating a low level of debt compared to its equity [4]. - A current ratio of 1.62 suggests that FLR has sufficient liquidity to cover its short-term liabilities [4]. - However, the enterprise value to operating cash flow ratio of 17.67 reflects a higher valuation in relation to its cash flow from operations, which investors should consider [4]. Future Considerations - As FLR approaches its earnings release, the outcome of the lawsuits and the company's ability to manage project costs amid economic uncertainty will be crucial for its financial performance and stock valuation [5].

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]