Fluor (NYSE:FLR) Issues Earnings Results

Fluor (NYSE:FLR) posted its quarterly earnings data on Friday. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21, Zacks reports. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year.

Here are the key takeaways from Fluor’s conference call:

• Positive Sentiment: Fluor secured more than $6 billion in Q2 awards, lifting backlog to $26.9 billion and supporting expectations for a full-year book-to-bill ratio well above one. Awards spanned nuclear fuels, mining, fertilizers, LNG, infrastructure, and other end markets.
• Positive Sentiment: Q2 revenue rose 9% year over year to $4.3 billion, while adjusted EBITDA increased to $149 million from $96 million and adjusted EPS reached $0.91 versus $0.43. Management raised or maintained key expectations, including adjusted EBITDA of $500 million-$525 million, EPS of $2.70-$2.80, and operating cash flow of $300 million-$320 million.
• Negative Sentiment: Urban Solutions recorded an additional $44 million loss on the Gordie Howe project, reflecting foreign-exchange effects, a subcontractor bankruptcy, and client-driven changes. Fluor still expects up to $94 million of additional funding for remaining loss projects, although the company believes those payments could be completed in Q3.
• Positive Sentiment: Fluor is positioning for longer-term growth in nuclear, domestic gas-fired power, data-center-related infrastructure, mining and metals, and government services. The Centrus fuel-enrichment award should contribute some revenue in 2026, with heavier contribution expected in 2027 and beyond.
• Positive Sentiment: The company sold its Mexican joint-venture interest for $175 million, generating a $90 million pretax book gain and strengthening liquidity. Fluor ended July with approximately $3.2 billion in cash and repurchased 6 million shares for $300 million in Q2, while retaining a full-year repurchase target of $1.4 billion.

Fluor Price Performance

NYSE FLR traded up $8.47 during trading hours on Friday, reaching $57.22. The company’s stock had a trading volume of 7,957,471 shares, compared to its average volume of 2,175,618. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. The company’s 50-day moving average is $50.78 and its two-hundred day moving average is $48.50. Fluor has a fifty-two week low of $39.33 and a fifty-two week high of $57.65. The stock has a market cap of $7.99 billion, a PE ratio of 33.27, a PEG ratio of 1.54 and a beta of 1.25.

Institutional Trading of Fluor

Institutional investors and hedge funds have recently modified their holdings of the business. Starboard Value LP acquired a new position in shares of Fluor during the 4th quarter worth approximately $205,732,000. AQR Capital Management LLC grew its holdings in Fluor by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock valued at $204,795,000 after buying an additional 3,203,712 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Fluor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock worth $178,962,000 after buying an additional 377,985 shares in the last quarter. Rubric Capital Management LP increased its position in Fluor by 12.5% during the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock worth $189,315,000 after buying an additional 500,000 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Fluor by 0.6% in the fourth quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock worth $134,969,000 after acquiring an additional 20,210 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Robert W. Baird lifted their price target on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Citigroup reduced their target price on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research cut shares of Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Fluor presently has an average rating of “Hold” and an average price target of $57.20.

Fluor News Summary

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Aramco agreement expands future project pipeline: Fluor was selected as a program management consultancy contractor under a long-term agreement supporting Saudi Aramco’s global capital projects. The potential work spans upstream, downstream, petrochemical, and infrastructure projects, including engineering, procurement oversight, construction management, and program execution. Investors viewed the agreement as an endorsement of Fluor’s international capabilities and potential for future awards. Fluor shares surge as Aramco agreement appears to drive buying
• Positive Sentiment: Quarterly earnings and revenue beat expectations: Fluor reported second-quarter earnings of $0.91 per share, exceeding consensus estimates of approximately $0.70–$0.73, while revenue rose 8.8% year over year to $4.33 billion versus expectations near $3.92 billion. EPS more than doubled from $0.43 in the prior-year quarter, reinforcing optimism about execution and profitability. Fluor Reports Second Quarter 2026 Results
• Positive Sentiment: Backlog and capital returns support the outlook: Reports highlighted Fluor’s approximately $26.9 billion backlog and $300 million in planned share repurchases. Management also pointed to new opportunities tied to data-center construction, adding to the company’s exposure to growing infrastructure demand. Data Center Boom Fuels New Growth Opportunities For Fluor, CEO Says
• Neutral Sentiment: Analyst targets are mixed: Recent targets range from $49 to $64, with a reported median of $58. The range indicates continued upside potential according to some analysts, but also suggests valuation and execution concerns remain after the latest rally.
• Negative Sentiment: Insider selling and bearish valuation concerns remain: Reported insider activity over the past six months showed sales without purchases, while one analysis maintained a bearish view despite the solid quarter. These factors could temper enthusiasm if the stock’s higher valuation is not matched by sustained earnings growth. Fluor: Why My Bearish Stance Is Correct Despite A Solid Q2 2026

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.