FLR INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Fluor Corporation Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed costs related to several infrastructure projects [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Maglione v. Fluor Corporation and covers purchasers of Fluor securities from February 18, 2025, to July 31, 2025 [1]. - The lawsuit alleges that Fluor and its executives made false statements regarding the financial health of the company, particularly concerning the Gordie Howe International Bridge and other Texas highway projects [3][4]. - Allegations include that costs for these projects were increasing due to subcontractor design errors, price hikes, and scheduling delays, which negatively impacted Fluor's business outlook [4]. Group 2: Financial Performance - On August 1, 2025, Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, a 5.9% year-over-year decline [5]. - The company attributed its disappointing results to rising costs in infrastructure projects and reduced capital spending by customers, leading to a negatively revised financial outlook for fiscal year 2025 [5]. - Following the announcement of these results, Fluor's stock price dropped by over 27% [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Fluor securities during the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [6]. Group 4: Company Background - Fluor Corporation provides engineering, procurement, construction, fabrication, modularization, and project management services [3]. - The company has been involved in significant infrastructure projects, including the Gordie Howe International Bridge and major highways in Texas [3].