Core Viewpoint - Investors in Fluor Corporation have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of undisclosed financial issues related to specific projects [1][3]. Summary by Sections Lawsuit Details - The lawsuit alleges that from February 18, 2025, to July 31, 2025, Fluor Corporation failed to disclose significant cost increases associated with the Gordie Howe, I-635/LBJ, and I-35 projects, which were attributed to subcontractor design errors, price increases, and scheduling delays [3]. - It is claimed that these undisclosed issues, along with a reduction in customer capital spending and client hesitation due to economic uncertainty, negatively impacted the Company's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the Company's risk mitigation strategy and an understated impact of economic uncertainty on its operations [3]. Participation Information - Investors who suffered losses in Fluor Corporation are encouraged to contact the Law Offices of Howard G. Smith before November 14, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals may choose to retain their own counsel or remain absent members of the class action without taking any immediate action [5].

Core Insights - Sterling Infrastructure, Inc. (STRL) is a diversified construction solutions provider with strong positions in civil, specialty services, and building segments [1] - The company is currently facing challenges in its Building Solutions segment due to a decline in housing demand, attributed to elevated mortgage rates and affordability pressures [2] Group 1: Housing Market Impact - The U.S. housing market is experiencing difficulties, leading to a 7.6% year-over-year decline in STRL's Building Solutions segment revenues, which amounted to $199.3 million in the first half of 2025 [2][8] - Despite the housing market challenges, STRL's focus on service diversification is expected to mitigate risks in the mid to long term [2] Group 2: Infrastructure Growth - Robust growth in federal initiatives and private-sector investments in infrastructure projects is anticipated to offset weaknesses in the housing sector [3] - STRL's strategic shift towards large mission-critical projects has improved revenue visibility and profitability, with the E-Infrastructure Solutions segment's backlog increasing by 44% year-over-year to $1.2 billion as of June 30, 2025 [3][8] Group 3: Competitive Positioning - Compared to competitors like AECOM and MasTec, STRL operates at the intersection of public infrastructure expansion and residential construction, presenting both opportunities and risks [5] - AECOM and MasTec are less affected by housing cycles due to their focus on large-scale infrastructure projects, while STRL's dual exposure to both housing and infrastructure markets offers potential upside when both sectors strengthen [6][7] Group 4: Future Prospects - The recent acquisition of CEC Facilities is expected to enhance STRL's long-term prospects by creating synergies that support broader growth strategies [4] - If STRL successfully pivots towards infrastructure and non-residential opportunities, the risks associated with housing exposure may become more manageable [4]

Accessibility StatementSkip Navigation NEW YORK, Oct. 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fluor Corporation ("Fluor Corporation" or the "Company") (NYSE: FLR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fluor Corporation investors who were adversely affected by alleged securities fraud between February 18, 2025 and July 31, 2025. Follow the link below to get more information and be contacted by a member of our team: ...

Core Points - ALEC Holdings, a Dubai-based engineering and construction group, successfully priced its IPO at the top of the indicated range, raising Dhs1.4bn ($381m), marking the largest construction sector IPO in the UAE to date [2][3] - The IPO involved the sale of one billion shares at Dhs1.40 each, resulting in a market capitalization of Dhs7bn ($1.91bn) at listing [2] - The offering represented 20% of the company's share capital, with the Investment Corporation of Dubai (ICD) retaining an 80% stake [3] - The IPO attracted Dhs30bn ($8.1bn) in orders, indicating more than 21 times oversubscription, with significant interest from both local and international investors [3] - ALEC is set to begin trading on the Dubai Financial Market (DFM) on or around October 15 under the symbol "ALEC" [4] Dividend Plans - ALEC plans to distribute Dhs200m in dividends in April 2026 and Dhs500m for the 2026 financial year, which translates to a dividend yield of 7.1% at the IPO price [5] - Future dividend payments will follow a semi-annual schedule, subject to board approval and available reserves [5] Company Background - ALEC is the first construction company in the UAE to list in over 15 years, having delivered large-scale projects across the UAE and Saudi Arabia [6] - The company operates in engineering, construction, and project management sectors [6] Financial Advisors - Emirates NBD Capital and J.P. Morgan served as joint global coordinators and joint bookrunners for the IPO [7] - Abu Dhabi Commercial Bank and EFG Hermes were also joint bookrunners, while Moelis & Company UK LLP DIFC Branch acted as an independent financial adviser [7]

Core Insights - The Hudson Tunnel Project (HTP) is a significant infrastructure initiative in the U.S., with a recent contract extension awarded to MPA Delivery Partners for $665 million over 4.5 years [1][2] - The project is expected to create over 95,000 jobs and generate more than $19 billion in economic activity, benefiting various U.S. suppliers [2][3] - The HTP is a critical component of the Gateway Program, aimed at enhancing rail service and reliability in the Northeast Corridor, with completion expected by 2035 for the new tunnel and 2038 for the existing tunnel's rehabilitation [3] Project Details - The HTP involves constructing a new two-tube rail tunnel under the Hudson River and rehabilitating a 115-year-old tunnel, along with nine miles of new passenger rail track [3] - The project is designed to improve passenger rail service and enhance the reliability of the rail networks for NJ TRANSIT and Amtrak, contributing to long-term economic growth [3] Collaboration and Delivery Model - The project exemplifies a successful collaboration between public and private sectors, serving as a model for future mega-infrastructure projects globally [3] - MPA Delivery Partners was selected as the delivery partner in February 2024, utilizing a collaborative model that has proven effective in delivering large-scale infrastructure projects [4]

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Core Viewpoint - Fluor Corporation (NYSE: FLR) is facing allegations of issuing materially false and misleading statements regarding its financial performance and project costs during the class period from February 18, 2025, to July 31, 2025 [3]. Group 1: Allegations and Impact - The complaint alleges that costs associated with Fluor's infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, were increasing due to subcontractor design errors, price hikes, and scheduling delays [3]. - It is claimed that these issues, along with a reduction in customer capital spending and client hesitance due to economic uncertainty, were likely to have a significant negative impact on Fluor's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the company's risk mitigation strategy and an understated impact of economic uncertainty [3]. Group 2: Class Action Details - Shareholders who purchased FLR shares during the specified class period are encouraged to register for the class action, with a deadline set for November 14, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].

Accessibility StatementSkip Navigation NEW YORK, Sept. 29, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fluor Corporation (NYSE: FLR). Shareholders who purchased shares of FLR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE:https://securitiesclasslaw.com/securities/fluor-corporation-loss-submission-form/? id=16961 ...

Group 1 - The company has recently participated in the bidding for the expansion of the Hangjiahu South Drainage Project (Mazhen Port Hub Project) and has been selected as the first candidate for the bid [1] - The project owner is the Jiaxing Hangjiahu South Drainage Project Management Service Center, and the total bid amount is 1,360,391,240 yuan [1] - The project is structured as an EPC (Engineering, Procurement, and Construction) contract with a duration of 43 months [1] Group 2 - The winning of this project is expected to enhance the company's market competitiveness and market share in related business areas [4] - The project is a joint construction project, and it is not anticipated to have a significant impact on the company's financial status and operating results for the year 2025 and beyond [4] - The company has not engaged in similar business with the project owner this year [2]

Core Insights - Fluor's stock has appreciated by approximately 365% over the past five years, translating to a compound annual growth rate of 36%, significantly outperforming the stock market's long-term average [1] Company Overview - Fluor is primarily an engineering and construction company, serving diverse sectors including oil and gas, mining, and power generation, and is often engaged in large infrastructure projects [2] Financial Performance - Despite a 365% increase in stock price, Fluor's revenue has only grown by 6.6% since 2020, while gross profits increased by 36% during the same period [3] - The price-to-sales ratio has surged from 0.07 to 0.47 since 2020, marking an increase of nearly 480% [3] - The company's profit margin averaged around 0% from 2020 to 2024 but has recently reached 25%, indicating improved cost management and execution [4] Valuation Dynamics - The significant appreciation in Fluor's stock price is largely attributed to a substantial increase in its valuation multiple rather than revenue or gross profit improvements [4] - The company's transition from a loss-making entity to a profitable business has led to a sharp rerating of its stock [4] Historical Context - Fluor's stock has experienced multiple cycles of extreme ups and downs, influenced by the cyclical nature of the engineering and construction industry [5] - The recent stock price spike is partly due to Fluor's investment in NuScale Power, which focuses on small modular reactor technology [7] New Business Ventures - Recent performance improvements have been driven by new business ventures, particularly in small modular reactors, which were not part of Fluor's operations in the past [8] Investment Considerations - While Fluor's recent stock performance has been strong, the company has historically been a disappointment for long-term investors due to the volatility in the engineering and construction sector [10] - The success of NuScale presents a potential long-term growth opportunity, suggesting that investors may benefit from focusing on this segment [11]