Fluor Revenue, New Award Value Fall

Dow Jones

05/08

By Nicholas Miller

Fluor reported on Friday lower first-quarter revenue and new award value and lowered the top end of its full-year profit guidance to reflect higher costs and a project slowdown.

The company swung to a profit of $160 million, or $1.08 a share, compared with a loss of $241 million, or $1.42 a share, the year prior.

Adjusted earnings were 14 cents a share. Analysts polled by FactSet expected 62 cents a share.

Revenue fell 8% to $3.66 billion. Wall Street expected $3.89 billion. Mission solutions revenue decreased to $523 million from $597 million a year ago. Revenue for the company's energy solutions business declined to $703 million, compared with $1.2 billion in the prior year, reflecting reduced execution activity on several projects nearing completion.

New awards totaled $2.7 billion, down 54%. The decline was driven by the company's urban solutions segment, where new awards for the quarter fell to $2.1 billion from $5.3 billion a year ago, when the company recognized a large pharmaceutical award.

Fluor lowered the top end of its adjusted earnings before interest, taxes, depreciation and amortization guidance. It now sees full-year adjusted EBITDA of $525 million to $560 million, compared with its previous forecast of $525 million to $585 million.

The company said the revision reflects cost growth on a mining project in the Americas, and a temporary slowdown on another project due to Middle East geopolitical concerns.

Write to Nicholas Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

May 08, 2026 06:37 ET (10:37 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts polled by FactSet expected 62 cents a share. \n</p>\n<p>\n  Revenue fell 8% to $3.66 billion. Wall Street expected $3.89 billion. Mission solutions revenue decreased to $523 million from $597 million a year ago. Revenue for the company's energy solutions business declined to $703 million, compared with $1.2 billion in the prior year, reflecting reduced execution activity on several projects nearing completion. \n</p>\n<p>\n  New awards totaled $2.7 billion, down 54%. The decline was driven by the company's urban solutions segment, where new awards for the quarter fell to $2.1 billion from $5.3 billion a year ago, when the company recognized a large pharmaceutical award. \n</p>\n<p>\n  Fluor lowered the top end of its adjusted earnings before interest, taxes, depreciation and amortization guidance. It now sees full-year adjusted EBITDA of $525 million to $560 million, compared with its previous forecast of $525 million to $585 million. \n</p>\n<p>\n  The company said the revision reflects cost growth on a mining project in the Americas, and a temporary slowdown on another project due to Middle East geopolitical concerns. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas Miller at nicholas.miller@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2026 06:37 ET (10:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FLR","symbol_name":"福陆","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633437538","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633437538","pubTimestamp":1778236620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fluor reported on Friday lower first-quarter revenue and new award value and lowered the top end of its full-year profit guidance to reflect higher costs and a project slowdown.The company swung to a profit of $160 million, or $1.08 a share, compared with a loss of $241 million, or $1.42 a share, the year prior.Adjusted earnings were 14 cents a share. Analysts polled by FactSet expected 62 cents a share.Revenue fell 8% to $3.66 billion. Wall Street expected $3.89 billion. Mission solutions revenue decreased to $523 million from $597 million a year ago. Revenue for the company's energy solutions business declined to $703 million, compared with $1.2 billion in the prior year, reflecting reduced execution activity on several projects nearing completion.New awards totaled $2.7 billion, down 54%. The decline was driven by the company's urban solutions segment, where new awards for the quarter fell to $2.1 billion from $5.3 billion a year ago, when the company recognized a large pharmaceutic","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FLR":"福陆"},"translate_title":"福陆收入、新奖励价值下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLR":1.5},"content_text":"By Nicholas Miller \n\n\n \n\n\n  Fluor reported on Friday lower first-quarter revenue and new award value and lowered the top end of its full-year profit guidance to reflect higher costs and a project slowdown. \n\n\n  The company swung to a profit of $160 million, or $1.08 a share, compared with a loss of $241 million, or $1.42 a share, the year prior. \n\n\n  Adjusted earnings were 14 cents a share. Analysts polled by FactSet expected 62 cents a share. \n\n\n  Revenue fell 8% to $3.66 billion. Wall Street expected $3.89 billion. 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