Core Insights - Fluor Corporation has opened a new office in Bucharest, Romania, to enhance its capabilities in delivering advanced nuclear energy projects in Europe [1] - The establishment of the Bucharest office is part of Fluor's long-term commitment to support Romania's expansion of clean and reliable nuclear power [1] - Fluor is involved in significant nuclear energy initiatives in Romania, including the advanced small modular reactor (SMR) project in Doiceti and the expansion of the Cernavod nuclear power plant [1] Company Expansion - The new office in Bucharest will serve as a hub for Fluor's operations in the region, leveraging strategic advantages such as proximity to major nuclear projects and access to a skilled workforce [1] - Fluor's Business Group President of Energy Solutions emphasized the importance of this office in supporting Romania's energy goals and enhancing project execution capabilities [1] Government Support - U.S. Ambassador to Romania highlighted the commitment of the United States to support Romania's development of safe and sustainable nuclear power through Fluor's expertise [1] - The collaboration aims to align with broader energy security and abundance goals set by U.S. leadership [1] Financial Overview - Fluor reported a revenue of $15.5 billion in 2025 and is ranked 257 among Fortune 500 companies, showcasing its significant presence in the engineering and construction sector [1]

Company Performance - Fluor experienced a decline of over 20% in stock value over the 12-month period due to significant misses in quarterly earnings and cost overruns [1] - The company faced increased material costs, which negatively impacted its performance despite not being directly affected by tariffs [3] - In mid-February, Fluor reported a net profit of $0.48 per share, missing the consensus analyst estimate of $0.78 [4] - The first quarter of 2025 showed improvement, but the second quarter saw another double miss in revenue and non-GAAP profitability, leading to a significant cut in full-year earnings guidance [5] Asset Performance - Fluor held a considerable stake in NuScale Power, a next-generation nuclear energy company, which was positively influenced by the Trump administration's nuclear energy initiatives [6] - The company initially invested $30 million for a majority stake in NuScale in 2011 and continued to invest, totaling over $600 million by the time of NuScale's 2022 IPO [7] - In 2025, Fluor began divesting its NuScale stake, earning $969 million from sales, with the remaining stake recently valued at approximately $2.5 billion [8][9]