Fluor(US:FLR) Prnewswire·2025-10-14 12:41Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) for allegedly concealing significant cost overruns and execution problems on key infrastructure projects, leading to a sharp decline in stock value and investor confidence [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased FLR shares between February 18, 2025, and July 31, 2025 [1][2]. - Investors have until November 14, 2025, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Company Background - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue driver [2]. Group 3: Allegations and Financial Impact - FLR is accused of hiding cost overruns and execution issues on major projects, including the Gordie Howe International Bridge and I-635/LBJ, due to subcontractor errors, supply chain inflation, and construction delays [3]. - The company allegedly overstated its risk mitigation strategy and failed to disclose the impact of reduced client spending and macroeconomic uncertainty [3]. - Despite these issues, FLR reaffirmed its financial guidance in May 2025, but reported disappointing second-quarter results on August 1, 2025, with non-GAAP EPS of $0.43 (missing by $0.13) and revenue of $3.98 billion (missing by $570 million) [4]. - Following these disclosures, FLR's stock fell by 27.04% to a closing price of $41.42, leading to analyst downgrades due to lost confidence in management [4].