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 stock price declines [1][4]. Company Overview - Fluor Corporation is a global professional services firm that provides engineering, procurement and construction, fabrication and modularization, and project management services, operating through three main segments: Urban Solutions, Energy Solutions, and Mission Solutions [2]. Financial Performance and Issues - During the relevant period, Fluor claimed strong productivity in its infrastructure portfolio; however, several projects faced undisclosed design errors, delays, and price escalations that adversely affected the company's business [3]. - On August 1, 2025, Fluor reported disappointing fiscal Q2 2025 results, disclosing a $54 million net impact from cost growth and expected recoveries on three infrastructure projects due to subcontractor design errors, which led to a more than 30% drop in stock price on the same day [4].

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Fluor Corporation due to reported losses and possible violations of federal securities laws [1][3]. Financial Performance - On August 1, 2025, Fluor reported quarterly earnings of 43 cents per share on revenue of $3.98 billion, missing street estimates of 55 cents per share on $4.51 billion revenue [3]. - The company has revised its full-year earnings guidance down to $1.95 - $2.15 per share, from a previous range of $2.25 to $2.75 per share [3]. Stock Market Reaction - Following the earnings report, Fluor's stock price dropped by $16.40, opening at $40.37 per share [4].

Core Viewpoint - Fluor Corporation is under investigation for potential violations of federal securities laws, following the revelation of undisclosed issues in its infrastructure projects that led to significant financial impacts [1][3]. Company Overview - Fluor Corporation is a global professional services firm providing engineering, procurement, construction, fabrication, modularization, and project management services, with three main segments: Urban Solutions, Energy Solutions, and Mission Solutions [2]. Financial Performance - 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]. Stock Market Reaction - Following the announcement of its Q2 results on August 1, 2025, Fluor's stock price fell by more than 30% during trading, reflecting investor concerns over the company's financial health and project management issues [4].

Core Viewpoint - DJS Law Group is investigating Fluor Corporation for potential violations of securities laws following a significant decline in its stock price after disappointing financial results and a reduced full-year forecast [1][2]. Financial Performance - On August 1, 2025, Fluor announced its second-quarter financial results, which were below expectations, leading to a reduction in its full-year forecast [2]. - The company cited rising expenses due to subcontractor design flaws, cost escalations, and timeline setbacks as reasons for its underperformance [2]. - Following the announcement, Fluor's stock price dropped by over 30.5% during early trading on the same day [2]. Investor Impact - The investigation by DJS Law Group focuses on whether Fluor made false or misleading statements or omitted critical information that could affect investor decisions [2]. - The company had not disclosed the challenges it faced when it previously reaffirmed its full-year outlook, raising concerns about transparency [2]. Legal Context - DJS Law Group specializes in securities class actions and corporate governance litigation, indicating a strong focus on protecting investor interests [3]. - The firm represents large hedge funds and alternative asset managers, suggesting that the potential claims against Fluor could be significant [3].

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].