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, construction, fabrication, and maintenance services, with a legacy spanning over a century. Headquartered in Irving, Texas, Fluor operates across diverse industries, delivering complex and large-scale projects for clients worldwide. The company's expertise lies in managing the entire project lifecycle, from initial design and procurement to construction and long-term maintenance, making it a trusted partner for some of the most challenging infrastructure and industrial projects globally.
Core Business Segments
Fluor's operations are organized into three primary business segments:
- Urban Solutions: Focused on infrastructure, advanced technologies, and life sciences, this segment addresses the growing demand for sustainable urban development and cutting-edge industrial solutions.
- Mission Solutions: Serving government and defense clients, this segment specializes in delivering mission-critical projects, including logistics, operations, and environmental remediation.
- Energy Solutions: This segment caters to the energy and chemicals sectors, providing engineering and construction services for oil and gas, renewable energy, and petrochemical projects.
Market Presence and Clientele
Fluor serves a broad range of industries, including energy, chemicals, government, industrial, infrastructure, mining, and power. Its diverse client base includes both public and private sector entities, ranging from multinational corporations to government agencies. The company's ability to adapt to the unique needs of each sector underscores its versatility and expertise.
Competitive Positioning
In the highly competitive engineering and construction industry, Fluor distinguishes itself through its ability to execute complex, large-scale projects with precision and reliability. The company's integrated approach—combining engineering, procurement, and construction with ongoing maintenance—allows it to offer comprehensive solutions that drive client success. Fluor's reputation for ethical business practices and its consistent recognition on Fortune's "Most Admired Companies" list further enhance its credibility and appeal to clients.
Global Reach and Workforce
With a workforce of approximately 40,000 employees operating worldwide, Fluor leverages its global presence to deliver projects across diverse geographies. This extensive network enables the company to respond effectively to regional market demands while maintaining high standards of quality and safety.
Industry Challenges and Opportunities
Fluor operates in a dynamic industry influenced by factors such as fluctuating commodity prices, regulatory changes, and technological advancements. While these challenges require adaptability, they also present opportunities for innovation and growth. Fluor's focus on sustainability and its ability to integrate advanced technologies into its projects position the company to meet evolving client needs and industry trends effectively.
Commitment to Excellence
Fluor's commitment to excellence is evident in its track record of delivering high-quality projects on time and within budget. The company's emphasis on safety, innovation, and ethical practices underscores its dedication to creating value for clients and stakeholders alike.
In summary, Fluor Corporation stands as a cornerstone of the global engineering and construction industry. Its diversified operations, technical expertise, and unwavering commitment to ethical business practices make it a key player in delivering infrastructure and industrial solutions that shape the modern world.
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.
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.
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