Fluor(US:FLR)2021-11-09 18:43Financial Performance & Outlook - Fluor's adjusted earnings per share for Q3 2021 was $023, excluding certain adjustments[14] - The company is raising its adjusted EPS guidance for 2021 to a range of $085 to $100 per diluted share[18] - Q3 segment profit was $110 million, representing 35% of revenue[15] Excluding certain items, the segment profit margin was 32%[15] - Fluor reduced its total debt by $509 million, a 30% decrease from $17 billion at the end of June[14] The current debt to capitalization ratio is 37%[14] New Awards & Projects - Mission Solutions secured new awards totaling $16 billion, including $789 million for a DOE contract extension and $495 million for Operation Allies Welcome[4] - Urban Solutions: Infrastructure received $316 million in new awards for the TXDOT I-35E Phase 2 expansion project[6] - Energy Solutions' new awards totaled $644 million, including refining and LNG work in Mexico[8] Cost Savings & Portfolio Management - Fluor has identified over $150 million in annual cost savings, with overhead savings expected to reach $100 million in 2022[17] - The company plans to fully realize these run-rate savings by 2024[17]