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.
Fluor Corporation (NYSE: FLR) is a global leader in engineering, procurement, fabrication, construction, maintenance, and project management services. With a legacy spanning over a century, Fluor is renowned for delivering solutions to some of the world's most complex and challenging projects.
Headquartered in Irving, Texas, this Fortune 500 company operates worldwide with a workforce of around 40,000 employees. Fluor's diverse portfolio spans various sectors including energy, chemicals, government, industrial, infrastructure, mining, and power. The firm's business is organized into three primary segments: urban solutions, mission solutions, and energy solutions.
Fluor's commitment to excellence is reflected in its consistent ranking on Fortune magazine’s Most Admired Companies list and Ethisphere Institute’s World’s Most Ethical Companies list. In 2014, the company was also recognized as one of North America Aon Hewitt Top Companies for Leaders.
In 2023, Fluor reported revenues of $15.5 billion, underscoring its significant market presence and operational efficacy. The company is currently engaged in numerous high-profile projects around the globe, leveraging its extensive expertise to deliver innovative and sustainable solutions.
Fluor's strategic partnerships and robust financial health position it as a key player in its industry, continually driving forward with new initiatives and expanding its impact on a global scale.
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.
Fluor (NYSE: FLR) has secured a Front-end Engineering and Design (FEED) contract for Heidelberg Materials' GeZero project in Geseke, Germany. The project aims to integrate an industrial-scale carbon capture and storage solution into a cement production facility. The design will incorporate second generation advanced Oxyfuel technology to capture 700,000 tonnes of CO₂ annually, which will be transported to offshore storage sites in the North Sea.
Construction is scheduled to begin in 2026 with commissioning planned three years later. The contract value, while undisclosed, will be recognized in the fourth quarter of 2024.
Fluor (NYSE: FLR) has announced that Executive Vice President and CFO Joe Brennan will retire effective July 1, 2025, after more than 30 years of service. John Regan, currently Executive Vice President and Chief Accounting Officer, will succeed him effective March 1, 2025. Regan brings over three decades of financial expertise and previously served as CFO at Alta Mesa and Vine Oil & Gas LP. He is a Texas-licensed CPA who started his career at PricewaterhouseCoopers. The company reported revenue of $15.5 billion in 2023 and ranks 265 on the Fortune 500.
Fluor (NYSE: FLR) announced that its joint venture has received a notice to proceed for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. The contract was signed at the UN COP29 conference in Baku, Azerbaijan. The Fluor-led JV includes AtkinsRéalis, Sargent & Lundy, and Ansaldo Nucleare. The Cernavoda plant currently produces 1.4 gigawatts with two units, meeting 20% of Romania's electricity demand. The addition of Units 3 & 4 will nearly double the power output. The JV will provide engineering plans, cost estimates, schedules, and safety assessment reports necessary for a final investment decision.
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