Welcome to our dedicated page for Fluor Corporation news (Ticker: FLR), a resource for investors and traders seeking the latest updates and insights on Fluor Corporation 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 Corporation (NYSE: FLR) has announced a contract extension with the Department of the Navy valued at $1.16 billion. This extension covers Naval Nuclear Propulsion work through fiscal year 2022 and is part of a larger joint program, Naval Reactors, overseen by the Department of Energy. The original Navy contract, awarded in July 2018, has a potential total value of $30 billion over ten years if all options are exercised.
Fluor Corporation (NYSE: FLR) has signed a memorandum of understanding with Bulgarian Energy Holding EAD to explore new nuclear units in Bulgaria. This collaboration emphasizes Fluor's commitment to providing decarbonization solutions aligned with global clean energy initiatives. The partnership will assess program management services and evaluate the existing coal-fired fleet for potential repurposing. With over 70 years of experience in the nuclear sector, including involvement in over 25 nuclear plants, Fluor aims to enhance energy security and contribute to Bulgaria’s economic growth.
Fluor Corporation (NYSE: FLR) announced that the U.S. Department of Energy has selected its joint venture, Savannah River Mission Completion, LLC, to execute a $21 billion contract for environmental management at the Savannah River Site over ten years. The contract encompasses liquid waste stabilization, nuclear materials management, and other tasks. This new contract reinforces Fluor's ongoing commitment to the Savannah River community, leveraging extensive experience to ensure safe and cost-effective project execution.
Fluor Corporation (NYSE: FLR) will hold a conference call on November 5 to discuss its third quarter results for the period ending September 30, 2021. The call will start at 8:30 A.M. Eastern time and will feature CEO David Constable and CFO Joe Brennan. Financial results will be released prior to market open on the same day. Investors can access the live webcast or replay at investor.fluor.com. Fluor reported $14.2 billion in revenue in 2020 and continues to provide engineering and construction services worldwide.
Fluor Corporation (NYSE: FLR) has increased its maximum cash tender offer from
NuScale Power is enhancing its manufacturing process at BWXT Canada Ltd.'s facility in Cambridge, Ontario, focusing on the fabrication of its NuScale Power Module™. This step is significant for the development of small modular reactor (SMR) technology and showcases NuScale's effort to establish a robust Canadian supply chain. BWXT Canada was engaged for an 18-month design contract, with further manufacturing agreements expected. The company emphasizes its capacity to source 80% of the plant components locally, aiming for Canadian deployment of the SMR technology by 2028.
Fluor Corporation (NYSE: FLR) announced a cash tender offer to purchase up to
Fluor Corporation (NYSE: FLR) reported second-quarter 2021 revenue of $3.2 billion with a net loss of $14 million or $0.08 per share. The results were impacted by $49 million in foreign currency effects and charges from a legacy project. Excluding these, adjusted EPS was $0.32. New awards totaled $1.4 billion, and backlog decreased to $21.1 billion. The company raised its full-year adjusted EPS guidance to $0.60-$0.80 and adjusted net income to $94-$128 million. Cash and marketable securities rose to $2.7 billion.
Fluor Corporation (NYSE: FLR) has been awarded a contract by the Texas Department of Transportation (TxDOT) in a joint venture with Austin Bridge & Road for the design, construction, and maintenance of Phase 2 of the I-35E project. The contract is valued at approximately $640 million and will be booked in Q3 2021. This 6.3-mile project includes expanding existing lanes and reconstructing frontage roads. Construction is set to start in late 2021, with expected completion in late 2025.
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