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.
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Fluor (FLR) secures a $409 million task order contract from the U.S. Air Force for Pavement and Transportation Support in Tinian, CNMI. The 60-month contract under AFCAP V aims to enhance the Air Force's deterrence capability in the Indo-Pacific region.
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Fluor 's Mining & Metals business achieves first gold at Gold Fields' Salares Norte mining project in Chile. The project is a high-grade gold-silver deposit at a challenging altitude. Fluor emphasizes innovation, technology, and environmental care, with plans for solar energy usage to reduce carbon emissions. Construction nearing completion with an annual gold production target of 350,000 ounces.
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Fluor (FLR) will host a conference call to discuss Q1 results on May 3, 2024, led by CEO David Constable and CFO Joe Brennan. The call will be available online and by phone, with financial results released before market open.
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Fluor Corporation (NYSE: FLR) secures a $45 billion contract with the U.S. Department of Energy for environmental management operations at the Hanford Site in Washington state. The contract spans over a 10-year period and involves a joint venture with BWX Technologies, Inc. and Amentum. Fluor will use the equity method of accounting for earnings recognition.
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Fluor Corporation (NYSE: FLR) reported full-year new awards of $19.5 billion, increased backlog to $29.4 billion, and revamped its capital structure. Revenue for 2023 was $15.5 billion with a net income of $139 million. The company aims for improved cash flow conversion in 2024.
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Fluor Corporation (FLR) announces that Jason Landkamer will host one-on-one investor meetings at Barclay's Industrial Select Conference and Citi's Global Industrial Tech and Mobility Conference in Miami Beach, FL.
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Fluor Corporation (NYSE: FLR) has been selected by FEMA to provide recovery services under the Public Assistance Technical Assistance Contracts V (PA TAC V) for their East Zone region. The contract has a one-year base period with four one-year option periods and is valued at up to $525.6 million. This is part of FEMA's approach to align contractors with one of four geographical zones to provide more effective resource support. Fluor has worked closely with FEMA for more than 25 years and is currently on the ground in Florida and Georgia supporting hurricane recovery efforts.
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Fluor Corporation (NYSE: FLR) has signed a license agreement with Chevron New Energies to use its proprietary Econamine FG PlusSM carbon capture technology to reduce carbon dioxide (CO2) emissions at Chevron’s Eastridge Cogeneration facility in Kern County, California. The technology is expected to reduce emissions by approximately 95%. This agreement was recognized in the fourth quarter. Fluor will develop a process design package, supply proprietary equipment, and provide technical support services as part of the licensing agreement.
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Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2023. The public is invited to listen to the conference call on Tuesday, February 20, at 9:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day. The live webcast and a replay will be available with accompanying slides online at investor.fluor.com. The call will also be accessible by telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852. The conference ID is 4438700. A replay of the webcast will be available for 30 days.
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Fluor Corporation (NYSE: FLR) has elected Lisa Glatch, a former Sempra Energy executive, to its Board of Directors. Glatch will serve on the Audit Committee and the Commercial Strategies and Operational Risk Committee, bringing the total number of Fluor Board members to ten, nine of whom are independent. David E. Constable, Chairman and CEO of Fluor Corporation, expressed confidence in Glatch's leadership credentials and global experience in multibillion-dollar capital projects. Glatch's 35 years of experience in infrastructure, energy, and liquified natural gas, along with her service in Fortune 500 companies, is expected to support growth across Fluor's portfolio as the company's clients transition to sustainable infrastructure and energy solutions. She has held various senior executive positions in business development, operations, and project management at CH2M (formerly CH2M Hill), Jacobs, and Fluor. Glatch also serves as a non-executive director on the boards of Xylem, a global water technology provider, and Hess, a global independent energy company. Glatch graduated from the University of Colorado, Boulder, with a bachelor’s degree in chemical engineering and completed advanced management programs at the University of Pennsylvania and Stanford University.
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FAQ
What is the current stock price of Fluor Corporation (FLR)?
The current stock price of Fluor Corporation (FLR) is $54.72 as of November 21, 2024.
What is the market cap of Fluor Corporation (FLR)?
The market cap of Fluor Corporation (FLR) is approximately 9.0B.
What does Fluor Corporation do?
Fluor Corporation provides engineering, procurement, fabrication, construction, maintenance, and project management services worldwide.
Where is Fluor Corporation headquartered?
Fluor Corporation is headquartered in Irving, Texas.
How many employees does Fluor Corporation have?
Fluor Corporation has approximately 40,000 employees worldwide.
What are the primary business segments of Fluor Corporation?
Fluor's business is organized into three core segments: urban solutions, mission solutions, and energy solutions.
In which industries does Fluor Corporation operate?
Fluor operates in various sectors including energy, chemicals, government, industrial, infrastructure, mining, and power.
What was Fluor Corporation's revenue in 2023?
Fluor Corporation generated $15.5 billion in revenue in 2023.
Has Fluor Corporation received any notable recognitions?
Yes, Fluor consistently ranks on Fortune magazine’s Most Admired Companies list and Ethisphere Institute’s World’s Most Ethical Companies list.
What types of projects does Fluor Corporation undertake?
Fluor undertakes complex projects in engineering, procurement, construction, and project management across multiple industries.
Is Fluor Corporation involved in sustainable initiatives?
Yes, Fluor is committed to delivering innovative and sustainable solutions in its projects worldwide.
What is Fluor Corporation's significance in its industry?
Fluor is one of the largest global providers in its field, known for handling some of the most complex and challenging projects around the world.
Fluor Corporation
NYSE:FLR
FLR Rankings
FLR Stock Data
9.01B
168.86M
1.38%
92.63%
3.64%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
United States of America
IRVING