Fluor Corporation - FLR STOCK NEWS

Fluor Corporation (NYSE: FLR) will host a conference call on August 5 at 8:30 A.M. Eastern time to discuss its second quarter results for the period ending June 30, 2022. The financial data will be released before the market opens that day. Investors and the public can access the call via a live webcast on investor.fluor.com or by telephone. A replay of the call will be available for 30 days. Fluor reported $12.4 billion in revenue for 2021 and is ranked 259 among Fortune 500 companies.

Fluor Corporation (NYSE: FLR) has been awarded a contract for engineering, procurement, and construction management for Iluka Resources Limited's Eneabba project, a rare earths refinery in Western Australia. This contract, valued at an undisclosed amount, will be booked in Q2 2022. The refinery aims to produce approximately 17,500 tonnes per year of rare earth oxides essential for electric vehicles and renewable energy. Construction is set to begin later this year, with first production expected in 2025, enhancing Fluor's role in the critical minerals sector.

Fluor Corporation (NYSE: FLR) has secured a $548 million construction contract for the Interstate 35 Capital Express South project in Austin, Texas, awarded by the Texas Department of Transportation. Scheduled for booking in Q2 2022, the 9-mile project aims to improve infrastructure by adding two high-occupancy vehicle lanes and enhancing safety and mobility. The project will begin construction in late 2022 with completion expected in late 2027. Fluor emphasizes its strong relationships with Texas officials and its ongoing commitment to the region's infrastructure development.

Fluor Corporation (NYSE: FLR) reaffirms its financial guidance for 2022 and 2024 despite a shift in the National Nuclear Security Administration’s strategy regarding the Pantex Plant and Y-12 National Security Complex. The company expresses disappointment over the cancellation of a previous award but highlights potential growth opportunities in various market segments in 2022. Fluor maintains its adjusted earnings-per-share guidance as previously communicated during its May 6, 2022 earnings call.

Fluor Corporation (NYSE: FLR) reported Q1 2022 results, revealing a diluted EPS of $0.27 and adjusted EPS of $0.16. Total revenue reached $3.1 billion, with a net income of $48 million and segment profit nearly doubling to $115 million. The company reaffirmed adjusted EPS guidance of $1.15 to $1.40 for 2022. New awards totaled $1.9 billion, while the ending consolidated backlog stood at $19.3 billion. Fluor completed the NuScale transaction, bringing additional market opportunities.

Fluor Corporation (NYSE: FLR) announced the completion of the elevated concrete guideway for Los Angeles International Airport's (LAX) Automated People Mover, a key component of the $4.9 billion project expected to finish in 2023. With 69,700 cubic yards of concrete poured and over one million work hours logged since construction began in November 2019, this project is crucial for improving airport access in preparation for the 2028 Olympics. The guideway connects multiple transportation options, enhancing mobility for travelers.

Fluor Corporation (NYSE: FLR) has been awarded a spot on the U.S. Army Corps of Engineers' Facility Repair & Renewal Multiple Award Task Order VI contract, valued at up to $450 million over five years. This contract allows Fluor to compete for task orders across the U.S. and globally. Tom D’Agostino, Fluor’s Mission Solutions group president, highlighted the company's experience in contingency construction and disaster recovery, noting previous support for the Army Corps, including recovery efforts in Puerto Rico after Hurricane Maria.

Fluor Corporation (NYSE: FLR) will hold a conference call on May 6, 2022, at 8:30 A.M. Eastern time, to discuss its first-quarter financial results for the period ending March 31, 2022. The call will feature CEO David Constable and CFO Joe Brennan, and financial results will be released prior to market open on that day. Interested parties can access the conference via webcast or via telephone at +1 800-289-0720. A replay will be available for 30 days.

Fluor Corporation (NYSE: FLR) announced a $110 million equity investment from Japan's JBIC, along with JGC and IHI, in NuScale Power, reflecting an equity valuation of approximately $1.9 billion. The investment will result in Japan NuScale Innovation, LLC holding 8-9% of NuScale post-merger with Spring Valley Acquisition Corporation. Fluor retains a majority stake and aims to advance the Carbon Free Power Project in Idaho. This partnership supports the U.S.-Japan Climate Partnership, enhancing commercial collaboration on advanced energy technologies.