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FLR INVESTIGATION NOTICE: Fluor Corporation Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses (NYSE:FLR)
GlobeNewswire News Room· 2025-08-11 12:18
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 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]. - 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].
FLR NEWS: Did Fluor Corporation Mislead Investors? Contact BFA Law about its Investigation into the Company (NYSE:FLR)
GlobeNewswire News Room· 2025-08-09 11:36
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].
FLR SHAREHOLDERS: Fluor Corporation Stock Drop Triggers Securities Fraud Investigation – Contact BFA Law if You Lost Money (NYSE:FLR)
GlobeNewswire News Room· 2025-08-07 12:18
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].
FLR CLASS ACTION: Fluor Corporation Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses (NYSE:FLR)
GlobeNewswire News Room· 2025-08-05 12:18
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].
FLR LEGAL ALERT: Lose Money on Your Fluor Corporation Investment? Contact BFA Law about its Securities Fraud Investigation (NYSE:FLR)
GlobeNewswire News Room· 2025-08-03 11:07
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].
MasTec (MTZ) Q2 Revenue Jumps 20%
The Motley Fool· 2025-08-02 02:37
Core Insights - MasTec reported strong Q2 2025 results with revenue of $3.54 billion, exceeding analyst estimates of $3.40 billion, and non-GAAP EPS of $1.49, surpassing the forecast of $1.40 [1][2] - The company has a record 18-month backlog of $16.5 billion, indicating robust future demand despite challenges in operating cash flow and slight growth in adjusted EBITDA [1][10] Financial Performance - Non-GAAP EPS increased by 49.0% year-over-year from $1.00 in Q2 2024 to $1.49 in Q2 2025 [2] - GAAP revenue rose by 19.7% year-over-year from $2.96 billion in Q2 2024 to $3.54 billion in Q2 2025 [2] - Adjusted EBITDA saw a modest increase of 1.3%, from $271.4 million in Q2 2024 to $274.8 million in Q2 2025 [2] - Operating cash flow dramatically decreased by 97.7%, from $264 million in Q2 2024 to $6 million in Q2 2025 [2] Segment Performance - The Communications segment experienced significant growth, with revenue up 41.6%, driven by increased project activity in 5G and broadband [5] - Clean Energy and Infrastructure revenue increased by 20.1% year-over-year, reflecting productivity gains and successful project completions [6] - Power Delivery revenue rose by 20.4%, although margins slipped to 8.7% due to reduced efficiencies [7] - The Pipeline Infrastructure segment faced a revenue decline of 5.7%, attributed to the completion of a major project in the previous year, with EBITDA falling 54% [8] Strategic Focus - MasTec is aligned with industry trends such as 5G expansion, renewable energy projects, and grid modernization, which are critical for future growth [4] - The company emphasizes efficient project execution and working capital management as backlogs increase [4] Operational Challenges - Despite record revenue, the company faces challenges in cash flow management, highlighting the need for improved operational efficiency [11] - The balance sheet remains stable with net debt of $2.07 billion, and the company has expanded its share buyback authorization by $250 million [12] Future Outlook - Management raised the full-year FY2025 revenue outlook to $13.9 to $14.0 billion, reflecting confidence in booking trends [14] - For Q3 FY2025, anticipated revenue is $3.9 billion, with adjusted diluted EPS of $2.28 and adjusted EBITDA of $370 million [15]
FLR BREAKING INVESTIGATION: BFA Law Announces an Investigation into Fluor Corporation after Stock Plummets over 30% on Infrastructure Delays – Contact BFA Law if You Lost Money
GlobeNewswire News Room· 2025-08-01 19:37
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].
Fluor(FLR) - 2025 Q2 - Earnings Call Transcript
2025-08-01 13:30
Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $4 billion, with consolidated new awards of $1.8 billion, 72% of which were reimbursable [6][25] - Total backlog remains around $28 billion, with 80% being reimbursable [7] - Adjusted EBITDA for Q2 was $96 million, down from $165 million a year ago, and adjusted EPS was $0.43 compared to $0.85 [27][38] - Operating cash flow for the quarter was an outflow of $21 million, compared to cash generation of $282 million a year ago [31] Business Segment Data and Key Metrics Changes - Urban Solutions reported a profit of $29 million, impacted by a $54 million net cost growth on three infrastructure projects [8][14] - Energy Solutions segment profit was $15 million, down from $75 million a year ago, due to nearing project completions and an arbitration ruling [16] - Mission Solutions reported a segment profit of $35 million, down from $41 million a year ago, due to a temporary stop work order [21] Market Data and Key Metrics Changes - The company noted a slowdown in client investment decisions due to trade policy uncertainties and cost escalations [23][24] - There is strong demand in the mining sector, but immediate enthusiasm for major capital deployment is tempered by global trade uncertainty [12][24] Company Strategy and Development Direction - The company is focusing on markets such as mining, advanced manufacturing, data centers, and life sciences for future growth [48][49] - The strategic sale of NuScale shares is being pursued, with a conversion of 15 million shares expected to enhance capital return objectives [35][36] Management's Comments on Operating Environment and Future Outlook - Management indicated that client sentiment is cautious due to ongoing trade discussions and cost uncertainties, impacting long-term investment decisions [23][24] - The company expects that once trade agreements stabilize, clients will accelerate investments in various end markets [24][96] Other Important Information - The company achieved significant milestones on the LNG Canada project, including the shipment of the first LNG cargo [20] - The company is revising its 2025 adjusted EBITDA guidance to $475 million to $525 million, reflecting market hesitancy and project delays [38] Q&A Session Summary Question: Insights on bookings environment and backlog growth - Management acknowledged that trade policy impacts client sentiment and investment decisions, but they are pursuing work in the right markets [44][50] Question: NuScale conversion mechanics and future plans - The conversion of 15 million shares is expected to provide tax benefits and facilitate monetization without significant cash leakage [51][53] Question: Cash flow implications of LNGC change order - The JV structure means that cash flow will be realized when dividends are made, following the collection of funds related to the change order [105] Question: Infrastructure project performance and future outlook - Management expressed disappointment with recent project results but emphasized a commitment to addressing issues and learning from past experiences [85][88]
Delta C-Suite Exec Sells 17,550 DAL Shares
The Motley Fool· 2025-07-24 17:32
Core Insights - Delta Air Lines' executive VP of external affairs, Peter Carter, sold 17,550 shares for approximately $1.0 million on July 16, 2025, indicating a strategic move during a period of strong stock performance [1][10]. Transaction Summary - The transaction involved 17,550 shares with a total value of $1.0 million, and post-transaction, Carter retains 191,442 shares valued at approximately $10.8 million [2][3]. - The sale size is consistent with Carter's historical median trade size of about 17,747 shares, showing no significant deviation from past trading behavior [2]. Insider Ownership - Following the sale, Carter's ownership is reduced but still represents an estimated 0.03% of total insider ownership [4]. Market Performance Context - The sale occurred at a share price of $57.19, close to the current price of $56.29, after a 25.3% total return over the past year, suggesting the transaction was executed during a period of relative strength [5]. Company Overview - Delta Air Lines has a market capitalization of $36.75 billion, with a trailing twelve months (TTM) revenue of $61.64 billion and a net income of $3.46 billion, alongside a dividend yield of 0.82% [6]. - The company operates a fleet of approximately 1,200 aircraft, serving major domestic and international hubs, and generates revenue through passenger services, cargo transport, and ancillary offerings [7][9]. Recent Performance and Guidance - Delta recently reported a solid second quarter, resuming full-year guidance, albeit at a lower level than initially forecasted [11]. - The travel environment has stabilized, with expectations of flat earnings year-over-year in the third quarter and low-single-digit percentage revenue growth [12][13].
Voltalia wins two new construction contracts in Ireland
Globenewswire· 2025-07-24 16:00
Core Points - Voltalia has been awarded two new EPC contracts by ESB for solar power plants in Ireland, totaling 92.9 megawatts [1][2] - The new projects include the 43.7-megawatt Carriglong solar power plant and the 49.2-megawatt Clashwilliam solar power plant, marking the fourth collaboration between Voltalia and ESB since 2023 [1][2] - Voltalia's partnership with ESB has expanded significantly, with over 600 megawatts awarded for construction in Ireland since summer 2024, in addition to 365 megawatts already commissioned since 2022 [2] Company Overview - Voltalia is an international player in renewable energies, producing and selling electricity from various sources including wind, solar, hydro, biomass, and storage facilities, with a total capacity of 3.3 GW in operation and under construction [4][5] - The company has a project portfolio under development with a total capacity of 17.4 GW [4] - Voltalia also provides comprehensive services to renewable energy customers, supporting projects from design to operation and maintenance [5] Future Events - Voltalia is scheduled to present its Half-Year Results for 2025 and the SPRING transformation plan on September 4, 2025, followed by an in-person event with a live webcast [4]