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 (NYSE: FLR) reported impressive first quarter 2024 results with new awards totaling $7.0 billion and a 28% increase in ending backlog to $32.7 billion. The company plans to divest non-core businesses by the end of Q2 and affirms its 2024 adjusted EPS and adjusted EBITDA guidance. Revenue for the quarter was $3.7 billion, with a net income of $59 million or $0.34 per diluted share. Adjusted EBITDA was $88 million and adjusted earnings per diluted share were $0.47.
Fluor and SunCoke Energy have extended their contract for maintenance and capital projects at five coke plants in the US for seven years. The undisclosed value of the contract will be recognized as a new award in Q1 2024. This partnership has been ongoing since 2017, with Fluor providing maintenance and small capital project services. The contract extension demonstrates the strong partnership between the two companies.
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