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 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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Fluor Corporation (FLR) has been awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada. The contracts represent a total value of over $3 billion and aim to lower greenhouse gas emissions while growing capacity and delivering low-emissions products to customers. The project is projected to decarbonize approximately 20% of Dow's global ethylene capacity and grow its polyethylene capacity by approximately two million metric tonnes per annum.
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Tutor Perini Corporation (TPC) appoints Gary Smalley as President, succeeding Ronald Tutor as CEO, and Ryan Soroka as Senior Vice President and CFO. Smalley, currently the Executive VP and CFO, will take over as CEO on January 1, 2025. Soroka, the current Chief Accounting Officer, will assume the role of Senior VP and CFO. The company is also in search of a replacement for the Chief Accounting Officer position.
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Fluor Corporation (NYSE: FLR) will be participating in several investor conferences. Joe Brennan, CFO, and Jason Landkamer, Executive Director of Investor Relations, will host one-on-one meetings at the Baird Global Industrial Conference on November 9 in Chicago, IL. Jason Landkamer will also host virtual one-on-one meetings at the NYSE Virtual Industrials conference on November 14. Additionally, Landkamer will meet with investors at the UBS Industrials Summit on November 29 in Palm Beach, FL. Dave Watrous, VP of Advanced Technologies & Life Sciences, and Jason Landkamer will participate in a virtual fireside chat at the Vertical Research Virtual Infrastructure and Reshoring Summit on December 13.
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Fluor Corporation has been chosen by BHP Canada to develop Stage 2 of the Jansen potash project in Saskatchewan, Canada. The project is expected to be completed in the fourth quarter of 2023. Fluor's Mining & Metals business will recognize its undisclosed reimbursable contract value. The Jansen site will have a production capacity of approximately 8.5 million tonnes of potash per year.
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Fluor Corporation (NYSE: FLR) reported net earnings of $206 million and diluted earnings per share of $1.15 for Q3 2023. The company also achieved revenue of $4.0 billion and new awards of $5.0 billion in the same quarter. The backlog increased to 70% reimbursable compared to 58% a year ago. Fluor increased its 2023 guidance for adjusted EPS and adjusted EBITDA.
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Fluor Corporation has been selected by Altris AB to provide front-end engineering and design services for the world's first industrial-scale sodium-ion battery production facility in Sweden. The contract value was recognized in the third quarter of 2023. Altris is a Swedish sodium-ion battery maker that develops cathodes, electrolytes, battery cells, and the industrialization process for these products. Sodium-ion batteries are safe and easy to recycle. The project will be managed from Fluor's England office, with completion scheduled for early 2024.
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FAQ
What is the current stock price of Fluor Corporation (FLR)?
The current stock price of Fluor Corporation (FLR) is $48.1 as of January 29, 2025.
What is the market cap of Fluor Corporation (FLR)?
The market cap of Fluor Corporation (FLR) is approximately 8.3B.
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
8.34B
169.04M
1.35%
92.77%
5.04%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
United States of America
IRVING