Fluor(US:FLR) ZACKSยท2025-02-19 16:55Core Insights - Fluor Corporation (FLR) shares fell 8.4% following the release of disappointing fourth-quarter 2024 earnings, which missed expectations and declined from the previous year [1][2] Financial Performance - Adjusted earnings per share (EPS) for Q4 were 48 cents, missing the Zacks Consensus Estimate of 78 cents by 38.5%, and down 29.4% from 68 cents a year ago [4] - Quarterly revenues were $4.26 billion, missing the consensus mark of $4.72 billion by 9.8%, but increased 11.5% from $3.82 billion in the same quarter last year [4] - The company's segment profit rose to $206 million from $85 million a year ago, with a segment margin of 4.8%, up from 2.2% [5] Segment Performance - Energy Solutions segment revenues increased 6.9% year over year to $1.52 billion, with a margin of 4.1%, up from 1.8% [6] - Urban Solutions segment revenues totaled $2 billion, up 40.8% year over year, but the margin decreased to 4.1% from 10.4% [7] - Mission Solutions segment revenues were $654 million, up 1.2% from $646 million, with a margin improvement to 6.9% from 4.8% [8] - The Other segment generated revenues of $87 million, down from $332 million a year ago, but turned a profit of $17 million compared to a loss of $119 million [9] Annual Overview - For the full year 2024, Fluor reported revenues of $16.32 billion, a 5.4% increase from $15.47 billion in 2023, while adjusted EPS decreased to $2.32 from $2.73 [10] - Adjusted EBITDA for the year was down 13.5% to $530 million from $613 million [10] Guidance for 2025 - Fluor expects adjusted EPS for 2025 to be in the range of $2.25-$2.75, with full-year revenues projected to grow approximately 15% year over year [12] - Adjusted EBITDA is anticipated to be between $575 million and $675 million, with G&A expenses expected to be about $180 million [12] - Segment margin percentages for 2025 are projected to be 3.5-4.5% for Energy Solutions, 4-5% for Urban Solutions, and 5-6% for Mission Solutions [12]