Welcome to our dedicated page for Fluor news (Ticker: FLR), a resource for investors and traders seeking the latest updates and insights on Fluor stock.
Company Overview
Fluor Corp (FLR) is a globally recognized Fortune 500 firm that delivers comprehensive engineering, procurement, construction, fabrication, operations, and maintenance services. With a heritage spanning over a century, the company has built a reputation for executing some of the world’s most complex projects across diverse industries such as energy, chemicals, government, industrial, infrastructure, mining, and power. By combining technical expertise with robust project management, Fluor has established itself as a reliable partner in delivering large-scale, high-impact solutions.
Core Business Segments
Fluor organizes its operations into three primary segments that allow the firm to serve a wide array of markets:
- Urban Solutions: Focused on complex infrastructure and construction projects within metropolitan areas, addressing challenges in urban development and civil engineering.
- Mission Solutions: Dedicated to projects for governmental and industrial clients, encompassing specialized services that require intricate project management and engineering expertise.
- Energy Solutions: Specializing in projects related to energy, chemicals, and mining, delivering innovative engineering and construction services tailored to dynamic market requirements.
Operational Excellence and Expertise
At its core, Fluor utilizes a multi-disciplinary approach that integrates design, engineering, procurement, fabrication, and construction services to meet client needs. The company leverages advanced technological methodologies and industry-specific knowledge to overcome challenges inherent in complex projects. By embracing a culture of safety, quality, and operational efficiency, Fluor demonstrates its commitment to excellence in every phase of the project lifecycle.
Market Position and Industry Dynamics
Operating in a competitive global landscape, Fluor is known for its technical prowess and ability to manage high-risk and high-reward projects. The firm's diverse portfolio and robust operational framework allow it to effectively navigate the fluctuating dynamics of multiple sectors. Fluor’s emphasis on specialized project management and tailored engineering solutions not only sets it apart from peers but also underscores its extensive experience and industry knowledge.
Competitive Edge and Strategic Value
Fluor's capability to manage end-to-end project lifecycles positions it uniquely among its competitors. The firm’s integrated approach combines expertise in various disciplines, thereby reducing project complexities and streamlining delivery timelines. This strategic integration with clear performance metrics solidifies the company’s role as a trusted partner for clients seeking reliable and high-quality engineering solutions.
Commitment to Quality and Trustworthiness
Emphasizing operational efficiency, rigorous project management, and a client-centric approach, Fluor continually aligns its business practices with industry needs. Its long-established track record is a testament to the company's commitment to providing solutions that are not only technically proficient but also reliable and ethically managed. This dedication to quality underlines the firm’s standing as a trusted provider in the engineering, procurement, and construction arena.
Conclusion
In summary, Fluor Corp epitomizes a deep-rooted expertise in executing complex projects on a global scale. Its blend of industry knowledge, operational excellence, and a comprehensive service model across multiple sectors makes it a focal point for understanding the intersection of engineering, project management, and global market dynamics. Investors and industry analysts recognize Fluor for its ability to manage diverse and challenging projects while upholding the highest standards of quality and trustworthiness.
Fluor (NYSE: FLR) has announced the appointment of Tracey Cook as Chief Human Resources Officer (CHRO), effective April 7, 2025. Cook, currently Senior Vice President of Human Resources, will succeed Stacy Dillow, who is departing to pursue other opportunities.
Cook brings 35 years of experience with Fluor, having served in various senior leadership roles including Finance and as President of AMECO, Fluor's former equipment subsidiary. The appointment aligns with Fluor's succession planning process overseen by the Board.
Fluor, headquartered in Irving, Texas, employs nearly 27,000 people and reported revenue of $16.3 billion in 2024. The company ranks 265 on the Fortune 500 list and provides engineering, procurement, and construction services globally.
Fluor (NYSE: FLR) has announced a live strategy update webcast scheduled for Wednesday, April 2, 2025 at 8:00 a.m. Eastern. The event will feature key leadership presentations from CEO David Constable, COO Jim Breuer, CFO John Regan, and segment leaders discussing the company's strategic plan, followed by a Q&A session.
The webcast will be accessible through Fluor's Investor Relations website at investor.fluor.com, where supporting materials will be available and a replay will be posted after the event.
Fluor, ranked 265 on the Fortune 500, reported revenue of $16.3 billion in 2024. The company employs nearly 27,000 professionals worldwide, providing engineering, procurement, and construction services. Based in Irving, Texas, Fluor delivers capital-efficient projects through professional and technical solutions.
Fluor (NYSE: FLR) has announced the successful completion and startup of Tengizchevroil's (TCO) Future Growth Project at the Tengiz oil field in Kazakhstan. The project, led by a Fluor joint venture including Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, has provided engineering, procurement, construction, and maintenance services since 2011.
The project milestone includes the construction of a new Third-Generation Plant (3GP) at the Tengiz field, which was discovered in 1979. Once all facilities are operating at full capacity, TCO's total annual crude oil production is expected to reach 40 million tons per annum. The project has also contributed to Kazakhstan's economic development through educational programs and building local capabilities.
Tengizchevroil LLP is owned by Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%). Fluor, with revenue of $16.3 billion in 2024, continues its century-long legacy in engineering, procurement, and construction services.
Fluor (FLR) reported strong financial results for 2024, with revenue of $16.3 billion and net income of $2.1 billion ($12.30 per diluted share). The company secured $15.1 billion in new awards, with 85% being reimbursable, and maintained a backlog of $28.5 billion, of which 79% is reimbursable.
Key highlights include record operating cash flow of $828 million, the highest since 2015, and a $1.6 billion gain from the deconsolidation of NuScale investment. The company executed $125 million in share repurchases during Q4 and plans $300 million for 2025.
Looking ahead, Fluor provided 2025 guidance with adjusted EBITDA of $575-675 million and adjusted EPS of $2.25-2.75 per share.
Fluor (NYSE: FLR) has announced a significant leadership transition, with current COO Jim Breuer appointed as CEO effective May 1, 2025. Current Chairman and CEO David E. Constable will transition to Executive Chairman on the same date.
Breuer, who has served as COO since 2024, brings 31 years of experience at Fluor, including extensive international experience across four continents in energy, chemicals, mining and metals, and power sectors. Prior to his COO role, he served as Group President of Energy Solutions.
The transition marks Fluor's shift from a 'fix and build' phase to a new strategic chapter focused on 'grow and execute'. The company reported revenue of $16.3 billion in 2024 and employs nearly 27,000 people globally.
Fluor (NYSE: FLR) has announced its participation in two major investor conferences in the first quarter of 2025. John Regan, Executive Vice President and incoming CFO, along with Jason Landkamer, VP of Investor Relations, will conduct one-on-one meetings at the Barclays 42nd Annual Industrial Select Conference on February 19 and Citi's 2025 Global Industrial Tech and Mobility Conference on February 20. Chief Operating Officer Jim Breuer will also attend the Barclays conference.
Fluor , a global engineering and construction company, employs nearly 34,000 people and provides professional and technical solutions for capital-efficient projects worldwide. The company reported revenue of $15.5 billion in 2023 and ranks 265 on the Fortune 500 list. Based in Irving, Texas, Fluor has over a century of experience in engineering, procurement, and construction services.
Fluor (NYSE: FLR) has announced the election of Charles (Chip) P. Blankenship Jr. to its Board of Directors, effective March 1, 2025. Blankenship, currently Chairman and CEO of Woodward Inc., will serve on the Board's Audit Committee and Commercial Strategies and Operational Risk Committee.
The appointment brings Fluor's total board membership to 11, with 10 independent directors. Blankenship brings significant experience from his previous roles, including CEO of Arconic and a 24-year career at GE, where he held leadership positions in aviation, energy, and appliances. He currently serves on the Board of Directors of the National Association of Manufacturers and the Board of Governors of the Aerospace Industries Association.
Fluor , with revenue of $15.5 billion in 2023, employs nearly 34,000 people and ranks 265 among Fortune 500 companies.
Fluor (NYSE: FLR) has announced a joint venture contract with Hatch for BHP's Olympic Dam Smelter & Refinery Expansion Project in South Australia. The contract covers engineering, procurement and construction management (EPCM) services, with Fluor's portion to be recognized in Q4 2024.
The project aims to support BHP's goals of increasing production to more than 500,000 tonnes of refined copper cathode by the early 2030s, with potential growth to 650,000 tonnes from the mid-2030s. The contract execution will be staged, pending BHP's final investment decision expected in the first half of 2027.
The expansion project aligns with strategic objectives to secure local supply of mined materials, reduce overseas dependence, and implement sustainable production technologies. Fluor, with its 34,000 employees and $15.5 billion revenue in 2023, will leverage its expertise in engineering and construction services for this significant mining infrastructure project.
Fluor (NYSE: FLR) has scheduled its fourth quarter and year-end 2024 earnings conference call for Tuesday, February 18, at 8:30 a.m. Eastern. Chairman and CEO David Constable and CFO Joe Brennan will host the call, with financial results to be released before market open.
The company will provide access to the call via webcast at investor.fluor.com and by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852 with conference ID 4438700. A webcast replay will be available for 30 days.
Fluor, ranked 265 on the Fortune 500, employs nearly 34,000 people globally, providing engineering, procurement, and construction services. The company reported revenue of $15.5 billion in 2023.
Tutor Perini (NYSE: TPC) announced that Gary Smalley has assumed the position of Chief Executive Officer and joined the Board of Directors, succeeding Ronald N. Tutor who transitions to Executive Chairman. Smalley, who previously served as President since November 2023, was part of a formal succession plan announced earlier.
Smalley's experience includes serving as Executive Vice President and CFO at Tutor Perini since September 2015, following nearly 24 years in financial management roles at Fluor The company currently maintains a record backlog with strong visibility into future cash flow generation and profitability.
Ronald Tutor, who served as Chairman and CEO since 2008, will continue as Executive Chairman through 2026, concluding over 61 years of career achievements in the construction industry.
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