LOS ANGELES, Aug. 5, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fluor Corporation ("Fluor" or "the Company") (NYSE: FLR) for violations of the securities laws. The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] www.schallfirm.com The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investo ...

Financial Data and Key Metrics Changes - The company achieved record revenue of just under $1,900,000,000 for Q2 2025, an increase of $327,000,000 or 20.9% from the prior year [21] - Gross profit for Q2 was $231,700,000, up $45,000,000 or 24.1% compared to the prior year, with gross margins improving to 12.3% from 11.9% [22] - Net income increased to $84,300,000 or $1.54 per fully diluted share, both up around 70% from the prior year [27] - Adjusted EBITDA was up over 30% to $154,800,000 compared to the prior year [27] Business Line Data and Key Metrics Changes - The Energy segment revenue increased by $263,300,000 or 27% from the prior year, driven by increased renewables activity [21] - The Utility segment revenue was up $72,200,000 or 11.6% from the prior year, driven by higher activity across all service lines [21] - Gross profit in the Utility segment was $97,500,000, up $33,500,000 or 52.3% compared to the prior year, with gross margins improving to 14.1% from 10.3% [23] - In the Energy segment, gross profit was $134,200,000 for the quarter, an increase of $11,500,000 or 9.4% from the prior year, but gross margins decreased to 10.8% from 12.6% [24] Market Data and Key Metrics Changes - The company is evaluating nearly $1,700,000,000 of work related to data centers, with optimism about winning a fair share [10] - There are between $20,000,000,000 and $30,000,000,000 of solar projects planned through 2028 on the company's sales radar [12] - The company expects a solid renewables bookings environment in the second half of the year and into 2026 [18] Company Strategy and Development Direction - The company aims to grow profitably through disciplined capital allocation and sees significant opportunities in power generation and utility infrastructure [7][10] - The strategy to improve utility margins is showing results, with a focus on attracting and retaining talent to meet growing demand [15][33] - The company is committed to disciplined bidding and project execution while managing risk to expand margins and increase cash flow [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand backdrop, stating it is the best experienced by the company [31] - The outlook for gas operations is trending favorably, with more utilities opting for third-party service providers [13] - Management anticipates continued growth in the renewables sector despite some near-term uncertainties [18][19] Other Important Information - The company maintained strong liquidity of $690,000,000, including approximately $390,000,000 in cash [28] - Total backlog at the end of Q2 was just under $11,500,000,000, with MSA backlog up over $600,000,000 from Q1 [28][29] - The company updated its guidance for EPS to $4.4 to $4.6 per fully diluted share for the full year 2025 [29] Q&A Session Summary Question: Is the expectation for a back-end loaded order book still valid? - Management confirmed that they still predict a back-end loaded order book, with good bookings expected in Q3 and Q4 [36] Question: How much of the overall demand stems from MSA customers? - A significant portion of demand is driven by MSA work, particularly in gas and electric utilities [39] Question: What are the expectations for margins in the Utility segment? - The gross margin target for 2025 was increased to 10% to 12%, reflecting a structural shift due to various initiatives [44] Question: Can you quantify the closeout payments in the Utility segment? - Closeouts contributed about $6,000,000 of incremental gross profit during the quarter [51] Question: What is the outlook for pipeline projects? - Management remains optimistic about pipeline projects, expecting to see good bookings in the power generation side [56] Question: Is there potential for organic improvement in renewables gross margin? - While there is potential for improvement, margins are generally expected to remain stable [66]

Financial Data and Key Metrics Changes - The company achieved record revenue of just under $1,900,000,000 for Q2, an increase of $327,000,000 or 20.9% from the prior year, driven by double-digit growth in both the Energy and Utility segments [19][20] - Gross profit for Q2 was $231,700,000, up $45,000,000 or 24.1% compared to the prior year, with gross margins improving to 12.3% from 11.9% [20][22] - Net income increased to $84,300,000 or $1.54 per fully diluted share, both up around 70% from the prior year [24] Business Line Data and Key Metrics Changes - In the Utility segment, revenues were up double digits from the prior year, with gross profit increasing to $97,500,000, up 52.3% [11][20] - The Energy segment saw revenue growth of $263,300,000 or 27% from the prior year, primarily driven by increased renewables activity [19][22] - Communications revenue and margins were also up double digits from the prior year, supported by growth in fiber to the home programs [12][20] Market Data and Key Metrics Changes - The company is evaluating nearly $1,700,000,000 of work related to data centers, with optimism about winning a fair share of this work [8][19] - There are between $20,000,000,000 and $30,000,000,000 of solar projects planned through 2028 that are on the company's sales radar [11] - The company expects a solid renewables bookings environment in the second half of the year and into 2026 [15][16] Company Strategy and Development Direction - The company aims to grow profitably through disciplined capital allocation and sees significant opportunities in power generation and electric utility needs [6][9] - The strategy to improve utility margins is showing results, with a focus on attracting and retaining talent to meet growing demand [14][29] - The company is committed to disciplined bidding and project execution while managing risk to expand margins and increase cash flow [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand backdrop, stating it is the best experienced as a company, with a strong portfolio of services to meet critical infrastructure needs [29] - The outlook for gas operations is trending more favorably than anticipated, with utilities opting for third-party service providers [12][21] - Management expects to see bookings accelerate in the remainder of the year into 2026, particularly in the renewables and energy sectors [26][27] Other Important Information - The company maintained strong liquidity of $690,000,000, including approximately $390,000,000 in cash [24][25] - Total backlog at the end of Q2 was just under $11,500,000,000, with MSA backlog up over $600,000,000 from Q1 [25][26] - The company updated its guidance for EPS to $4.4 to $4.6 per fully diluted share and adjusted EBITDA guidance to $490,000,000 to $510,000,000 for the full year 2025 [27] Q&A Session Summary Question: Is the expectation for a robust end to the year from an order perspective still valid? - Management confirmed that they are still predicting a back half loaded order book, with good bookings expected in Q3 and Q4 [32][34] Question: How much of the overall demand in the utility segment stems from MSA customers? - Most demand is driven by MSA work, particularly in gas and electric utilities, with improved margins expected to hold [37][38] Question: What are the big levers for the utility segment's bookings? - The growth in bookings was primarily MSA driven, with unexpected mid single-digit growth in gas and communications [51][52] Question: How much of the $2,500,000,000 in solar revenue was realized in the first half? - About $1,000,000,000 of the solar revenue was realized in the first half, with expectations for continued growth [43][44] Question: Can you quantify the closeout payments in the utility segment? - Closeout payments contributed about $6,000,000 of incremental gross profit during the quarter [48] Question: What are the capital allocation priorities moving forward? - The company continues to focus on working capital improvement, paying down debt, and looking for M&A opportunities [91][92]

Core Viewpoint - Fluor Corporation is under investigation for potential violations of federal securities laws due to undisclosed issues in its infrastructure projects, which have led to significant financial impacts [1][3]. Company Overview - Fluor Corporation is a global professional services firm that offers engineering, procurement, construction, fabrication, modularization, and project management services across three main segments: Urban Solutions, Energy Solutions, and Mission Solutions [2]. Financial Performance and Issues - In its fiscal Q2 2025 results, Fluor reported disappointing earnings, including a $54 million net impact from cost growth and expected recoveries on three infrastructure projects, attributed to subcontractor design errors, schedule impacts, and price escalation [4]. - Following the earnings announcement on August 1, 2025, Fluor's stock price fell by more than 30% during trading, reflecting investor reaction to the disclosed issues [4]. Legal Implications - Investors in Fluor are encouraged to seek additional information regarding potential legal options due to the ongoing investigation and the company's financial disclosures [1][5].

Financial Performance - Net service revenue increased by 6% from $1826 million in Q3'24 to $1938 million in Q3'25[9] - Segment adjusted operating margin increased by 90 bps from 163% in Q3'24 to 171% in Q3'25[9] - Adjusted EPS increased by 16% from $116 in Q3'24 to $134 in Q3'25[9] - Total backlog increased by 5% from $23362 million in Q3'24 to $24588 million in Q3'25[9] - The company expects to convert 100% of adjusted net income to free cash flow in FY'25[17] Guidance and Strategic Accomplishments - Increased fiscal 2025 adjusted EBITDA guidance by 10% from $1170-$1210 million to $1190-$1210 million[10] - Increased fiscal 2025 adjusted EPS guidance by 16% from $500-$520 to $520-$530[10] - Industry-leading margins exceeded 17% target[13] - Returned nearly $240 million to shareholders in fiscal 2025 to date[13] Segment Performance - Americas net service revenue increased by 8%[21] with adjusted operating margin increasing by 120 bps to 205%[23] - International net service revenue increased by 3%[22] with adjusted operating margin increasing by 20 bps to 119%[23]

Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Fluor Corporation regarding possible violations of federal securities laws following a significant drop in Fluor's stock price after disappointing financial results and lowered guidance [1][3]. Financial Performance - On August 1, 2025, Fluor Corporation reported its second-quarter financial results and lowered its full-year guidance, attributing the disappointing performance to escalating costs across several infrastructure projects, including subcontractor design errors, increased material prices, and scheduling delays [3]. - Fluor also noted a decline in capital spending among customers, which had not been previously disclosed despite earlier affirmations of its full-year outlook [3]. - Following the announcement, Fluor shares closed down 27.04% on August 1, 2025 [3]. Legal Investigation - Johnson Fistel, PLLP is reaching out to investors who incurred significant losses in Fluor securities to determine eligibility for participation in a potential class action or recovery of losses [2].

Core Viewpoint - Fluor Corporation is under investigation for potential violations of federal securities laws following the revelation of undisclosed issues in its infrastructure projects, leading to significant financial impacts and a sharp decline in stock price [1][3][4]. Company Overview - Fluor Corporation is a global professional services firm that provides engineering, procurement, construction, fabrication, modularization, and project management services across three main segments: Urban Solutions, Energy Solutions, and Mission Solutions [2]. Financial Performance and Issues - In its fiscal Q2 2025 results, Fluor reported disappointing earnings, including a $54 million net impact from cost growth and expected recoveries on three infrastructure projects due to subcontractor design errors, schedule impacts, and price escalation [4]. - The company had previously claimed strong productivity across its infrastructure portfolio, which was contradicted by the undisclosed design errors and delays that significantly affected its business [3]. Stock Market Reaction - Following the earnings report on August 1, 2025, Fluor's stock price fell by more than 30% during trading, reflecting investor reaction to the negative financial news and the implications of the ongoing investigation [4].

Core Viewpoint - Fluor Corporation is under investigation for potential violations of federal securities laws due to undisclosed issues in its infrastructure projects, leading to significant financial impacts and a sharp decline in stock price [1][3][4]. Company Overview - Fluor Corporation is a global professional services firm that provides engineering, procurement, construction, fabrication, modularization, and project management services across three main segments: Urban Solutions, Energy Solutions, and Mission Solutions [2]. Financial Performance and Issues - In its fiscal Q2 2025 results, Fluor reported disappointing earnings, including a $54 million net impact from cost growth and expected recoveries on three infrastructure projects, attributed to subcontractor design errors, schedule impacts, and price escalation [4]. - The company had previously claimed strong productivity in its infrastructure portfolio, which was contradicted by the revelation of undisclosed design errors and delays in several projects [3]. Stock Market Reaction - Following the announcement of its Q2 2025 financial results, Fluor's stock price fell by more than 30% during trading on August 1, 2025, reflecting investor reaction to the disclosed issues and financial impacts [4].

Financial Data and Key Metrics Changes - The company reported a record revenue of $3.54 billion for Q2 2025, representing a 20% year-over-year growth and a 25% sequential increase from Q1 2025 [24] - Adjusted EBITDA for the quarter was $275 million, meeting forecasts, with an adjusted EBITDA margin of 9.9%, up from 9% in the prior year [27] - The total backlog at the end of the quarter was $16.45 billion, a 4% increase from Q1 and a 23% increase year-over-year [24][25] Business Line Data and Key Metrics Changes - Non-pipeline business EBITDA increased from $181 million to $257 million, a 42% year-over-year increase, with revenue up 26% [6] - Communications segment revenue grew 42% year-over-year, with adjusted EBITDA growing 55% and a backlog increase to a record $5 billion [12] - Power Delivery segment revenues increased by 20% year-over-year, with expectations for mid-teens revenue growth and high single-digit margins for the year [14] - Clean Energy and Infrastructure segment revenue grew 20% year-over-year, with adjusted EBITDA nearly doubling from $47.3 million to $83.3 million [15] Market Data and Key Metrics Changes - The company noted a healthy market backdrop for telecom infrastructure, driven by robust capital investments from customers [12] - The Clean Energy and Infrastructure segment saw new awards accelerate to $1.6 billion in Q2, compared to $1.1 billion in Q1 [16] - The pipeline infrastructure segment experienced a revenue decline of 6% year-over-year, attributed to challenging comparisons from the MVP project wind down [18] Company Strategy and Development Direction - The company is increasing its revenue guidance for 2025 to a range of $13.9 billion to $14 billion, reflecting strong demand visibility [8] - Investments in headcount and equipment are being made to prepare for anticipated demand in 2026 and beyond, despite slightly impacting margins in 2025 [10][11] - The company is focused on operational execution and evolving business processes to ensure consistency and strong structural profitability [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business positioning and the strong demand drivers requiring significant infrastructure investment for years to come [23] - The company expects further sequential improvements in margins across its segments, particularly in Communications and Power Delivery [11][32] - Management highlighted the importance of the One Big Beautiful bill, which maintains tax credits for renewables through 2027, providing a clear path for project development [17] Other Important Information - The company added nearly 4,000 new team members, representing over a 10% increase in workforce, to meet current and future demand [10] - The company completed $40 million in share repurchases during the quarter and authorized an additional $250 million repurchase program [26] - The company ended the quarter with total liquidity of approximately $2 billion and net leverage of 2.0 times, expecting to decrease in the latter half of the year [34] Q&A Session Summary Question: Customer feedback and activity in clean energy - Management indicated that customer plans for 2025 and 2026 remain unaffected by policy uncertainty, with strong bookings continuing [36][38] Question: Timing of bookings in power delivery - Management expects to see significant growth in power delivery, with a focus on various project types and ongoing margin progression [40][42] Question: Expectations for tier one customers and project outcomes - Management noted that tier one customers are well-positioned to take advantage of safe harbor opportunities, with a strong outlook for growth in 2026 and beyond [46][50] Question: Durability and duration of the communication cycle - Management expressed optimism about continued strong growth in both wireline and wireless sectors, driven by various market demands [74][81] Question: Margin improvement trajectory - Management is bullish on achieving margin improvements across all segments, with a focus on operational execution and productivity [58][62]

BOSTON, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton LLP is investigating Fluor Corp. (NYSE: FLR) for potential securities law violations. Investors who have lost money in their Fluor Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/flr. What is this all about? Shares of Fluor Corp. (NYSE: FLR) lost over 20% of their value in pre-market trading on August 1, 2025, after the company reported second qua ...