Fluor (NYSE:FLR) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

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

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 Trading Up 17.4%

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

Fluor News Roundup

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on FLR shares. Zacks Research lowered Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Truist Financial raised their target price on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Citigroup lowered their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Robert W. Baird lifted their price target on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.20.

Hedge Funds Weigh In On Fluor

Several hedge funds and other institutional investors have recently made changes to their positions in FLR. Global Retirement Partners LLC raised its position in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Fluor in the fourth quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in shares of Fluor by 6,116.7% during the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares during the period. Banque Transatlantique SA boosted its holdings in Fluor by 312.5% in the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after acquiring an additional 625 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in Fluor by 1,167.0% in the third quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock valued at $53,000 after acquiring an additional 1,167 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.