Financial Data and Key Metrics Changes - Consolidated new awards for 2025 were $12 billion, with 87% being reimbursable, and the backlog ended at $25.5 billion, with 81% reimbursable [9][10] - Adjusted EBITDA for 2025 was $504 million, compared to $530 million in 2024, and adjusted EPS was $2.19, down from $2.32 in 2024 [24][30] - The company ended 2025 with $2.2 billion in cash and marketable securities, down from $3 billion a year ago [25] Business Segment Data and Key Metrics Changes - Urban Solutions reported a profit of $205 million for 2025, down from $304 million in the previous year, with new awards totaling $8.7 billion [10][11] - Energy Solutions reported a segment loss of $414 million for 2025, compared to a profit of $256 million in 2024, with new awards totaling $1.4 billion [12][13] - Mission Solutions reported a profit of $94 million for the year, down from $153 million a year ago, with new awards totaling $1.8 billion [16][17] Market Data and Key Metrics Changes - The company is seeing improved confidence across its client base, with expectations for new awards in 2026 to be significantly higher than in 2025 [7][8] - The company anticipates a Book-to-Burn Ratio in excess of one for 2026, indicating a positive outlook for project awards [8][30] Company Strategy and Development Direction - The company has transitioned to a "Grow and Execute" strategy, focusing on growth, project delivery, and returning value to shareholders [4][5] - The company is actively pursuing opportunities in LNG, mining and metals, advanced technologies, and nuclear fuels, with a focus on diversifying its revenue mix [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential for 2026, citing a strong backlog and improved execution on projects [36][72] - The company expects to spend approximately $1.4 billion on share repurchases in 2026, indicating a commitment to returning value to shareholders [28][30] Other Important Information - The company has implemented AI across various functions to enhance project delivery and decision-making [19][20] - The company completed the sale of Stork and signed an agreement for the sale of the CFHI Yard, maintaining discipline around contract terms [5][6] Q&A Session Summary Question: Initial guidance for 2026 - Management noted that confidence from clients has improved, and a significant portion of expected EBITDA will come from backlog [35][36] Question: Power market opportunities - Management indicated that the power market has evolved, with better terms and conditions for contracts, and expects to execute multiple large projects simultaneously [41][42] Question: LNG project FEED - Management clarified that the FEED for the U.S. LNG plant is for ancillary scope and will involve negotiated risk allocation [48] Question: Urban Solutions margin outlook - Management explained that the margin outlook is affected by legacy projects and the timing of their completion [50] Question: Cash flow and JV distributions - Management discussed the impact of taxes and expected distributions from joint ventures, noting a decrease in cash flow from certain projects [55] Question: Mission Solutions margin guidance - Management attributed the improved margin guidance to performance on specific projects that receive equity method treatment [60] Question: Demand for pharmaceutical and data center services - Management confirmed ongoing projects with pharmaceutical clients and expressed optimism about securing new contracts in data centers [70]

© 2026 Fluor. YEAR END 2025 RESULTS FEBRUARY 17, 2026 © 2025 Fluor. SUNOCO MARINER EAST LNG // PENNSYLVANIA, U.S.A. 1 SAFE HARBOR STATEMENT This presentation contains forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "intends," "continue," "anticipates," is "positioned" or other similar expressions). These forward-looking statements, including statements relating to resolution of outstanding claims or ...

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation and certain officers for alleged violations of federal securities laws during the Class Period from February 18, 2025, to July 31, 2025, seeking damages for affected investors [1][2]. Company Overview - Fluor Corporation provides engineering, procurement, and construction (EPC), fabrication and modularization, and project management services globally, operating through three segments: Urban Solutions, Energy Solutions, and Mission Solutions [4]. Financial Performance and Guidance - In February 2025, Fluor projected adjusted EBITDA for FY 2025 to be between $575 million and $675 million, and adjusted EPS between $2.25 and $2.75 per share, which was reaffirmed in May 2025 despite acknowledging potential negative impacts from economic uncertainty [6]. - On August 1, 2025, Fluor reported Q2 2025 results, with non-GAAP EPS of $0.43, missing estimates by $0.13, and revenue of $3.98 billion, a 5.9% year-over-year decline, also missing estimates by $570 million [8]. - The revised financial outlook for FY 2025 was adjusted to an EBITDA of $475 million to $525 million and EPS of $1.95 to $2.15 per share, significantly lower than previous guidance [8]. Allegations and Impact - The lawsuit alleges that Fluor's executives made materially false and misleading statements regarding the company's business and financial health, particularly concerning rising costs in key infrastructure projects and the impact of economic uncertainty on operations [7]. - Following the disappointing Q2 results and disclosures about project issues, Fluor's stock price fell by $15.35 per share, or 27.04%, closing at $41.42 on August 1, 2025 [9].