Duyuru • Apr 02
Fluor Corporation to Report Q1, 2026 Results on May 08, 2026 Fluor Corporation announced that they will report Q1, 2026 results Pre-Market on May 08, 2026 Duyuru • Mar 13
Fluor Corporation, Annual General Meeting, May 06, 2026 Fluor Corporation, Annual General Meeting, May 06, 2026. Duyuru • Mar 10
Fluor Corporation Appoints Robert G. (Bob) Card to its Board of Directors, Audit Committee, Commercial Strategies and Operational Risk Committee, Effective March 4, 2026 Fluor Corporation announced on March 9, 2026 that Robert G. (Bob) Card, former President and CEO of SNC-Lavalin and a seasoned global engineering and construction executive, has been elected to its Board of Directors effective March 4, 2026. Card will serve on the Board’s Audit Committee and Commercial Strategies and Operational Risk Committee. Card’s appointment brings the total number of Fluor Board members to 12 of whom 10 are independent. With more than three decades of top-level management experience across public and private sectors, he contributes broad industry, operational and government expertise. Card previously served as President and CEO of SNC-Lavalin from 2012 to 2015 and held senior leadership roles at CH2M (formerly CH2M Hill), including President of its Energy, Water & Facilities Divisions. Earlier in his career, he served as Under Secretary of Energy at the U.S. Department of Energy from 2001 to 2004, overseeing major national programs in energy, science, environment, and nuclear waste management. Beyond these roles, Card also brings substantial large-scale program and international experience. He led CH2M’s Transportation, Nuclear, Environmental, Government and International divisions; served as the deputy program manager for the successful $15 billion London 2012 Olympics; and managed the decommissioning of the Rocky Flats Nuclear Weapons Plant. He has been recognized with national honors, including the Energy Secretary’s Gold Award. Card has served on multiple industry boards, including Westinghouse Electric, AECOM, Ardurra, AMEC Foster Wheeler and Longenecker & Associates, providing governance leadership across the engineering, construction, nuclear and energy sectors. His background provides Fluor’s Board with a seasoned perspective on industry dynamics, operational risk management and government-related initiatives. Duyuru • Mar 09
Fluor Corporation Announces Executive Changes Fluor Corporation announced that David E. Constable, Executive Chairman, will step down from the Board of Directors following the Annual Shareholders Meeting on May 6, 2026. James T. (Jim) Hackett, the company’s Lead Independent Director, will assume the role of Chairman of the Board on May 5, 2026. Constable’s connection to Fluor spans 44 years. He began his career with the company in 1982, advancing through a series of global leadership roles that shaped Fluor’s operational and commercial capabilities. After joining the Fluor Board in 2019, he chaired the Commercial Strategies and Operational Risk Committee, later becoming Chief Executive Officer (CEO) in 2021 and Chairman of the Board in 2022. He stepped down as CEO and transitioned into the role of Executive Chairman in 2025. His tenure is credited with reinforcing the financial foundation of the company and restoring confidence among clients, employees, partners and shareholders. Constable also brought external executive experience to the Board. He served as CEO and Executive Director of Sasol from 2011 to 2016 and has held board positions with Anadarko and Rio Tinto, while continuing to serve as a board member at ABB, contributing a broad perspective on global industrial and energy markets. Hackett brings extensive governance experience and a deep knowledge of global markets. He has served as Director on Fluor’s Board since 2016, with former Board service from 2001 to 2015, and was appointed Lead Independent Director in 2025 as part of the Board’s commitment to strong independent oversight. His background includes senior leadership roles across the energy industry and prior service as Chairman of the Federal Reserve Bank of Dallas. He currently sits on the boards of Enterprise Products Holdings, LLC and SLB (formerly Schlumberger Limited). Duyuru • Feb 06
Fluor Corporation Announces Appointment of James P. Elliott as Chief Accounting Officer, Effective February 4, 2026 Fluor Corporation announced that on February 3, 2026, the Board of Directors appointed Mr. James P. Elliott to serve as the Corporation’s Chief Accounting Officer, effective February 4, 2026. Mr. Elliott, age 47, currently serves as Corporate Controller of the Corporation, which position he has held since 2025. He was previously Director, Technical Accounting and Internal Reporting from 2019 to 2025. Mr. Elliott does not have any family relationships with any director or executive officer of the Corporation, and there are no arrangements or undertakings with any person pursuant to which he was selected as an officer of the Corporation. In addition, no transactions involving Mr. Elliott have occurred or are currently contemplated that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934. Duyuru • Jan 02
Fluor Corporation to Report Q4, 2025 Results on Feb 17, 2026 Fluor Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 17, 2026 Duyuru • Oct 22
Fluor Corporation Announces Executive Leadership Changes On October 17, 2025, Mr. Mark E. Fields, Group President, Project Execution of Fluor Corporation (the “Corporation”), notified the Corporation that he intends to retire in 2026. As part of a succession planning transition process, the Board of Directors (the “Board”) of the Corporation appointed Mr. Fields to the role Group President, Strategic Projects, effective November 1, 2025. Mr. Michael E. Alexander, the Corporation’s current Business Group President, Energy Solutions, will move into the role of Group President, Project Execution, effective November 1, 2025. Mr. Pierre Bechelany, the Corporation’s current President, LNG & Power, will move into the role of Business Group President, Energy Solutions, effective November 1, 2025. Duyuru • Oct 21
Starboard Value Intends Push Fluor to Boost the Share Value On October 20, 2025, Starboard Value has acquired a nearly 5% interest in Fluor and intends to push for ways to boost the company's shares, Duyuru • Oct 02
Fluor Corporation to Report Q3, 2025 Results on Nov 07, 2025 Fluor Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 07, 2025 Duyuru • Sep 17
Gainey Mckenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fluor Corporation Fluor Corporation announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Texas on behalf of all persons or entities who purchased or otherwise acquired Fluor Corporation securities between February 18, 2025 and July 31, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) costs associated with the Gordie Howe, I-635/LBJ, and I-35 projects were growing because of, inter alia, subcontractor design errors, price increases, and scheduling delays; (ii) the foregoing, as well as customer reduction in capital spending and client hesitation around economic uncertainty, was having, or was likely to have, a significant negative impact on the Company’s business and financial results; (iii) accordingly, Fluor’s financial guidance for Fiscal Year 2025 was unreliable and/or unrealistic, the effectiveness of the Company’s risk mitigation strategy was overstated, and the impact of economic uncertainty on the Company’s business and financial results was understated; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times. Investors who purchased or otherwise acquired shares of Fluor should contact the Firm prior to the November 14, 2025 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Duyuru • Jul 02
Fluor Corporation to Report Q2, 2025 Results on Aug 01, 2025 Fluor Corporation announced that they will report Q2, 2025 results at 9:29 AM, US Eastern Standard Time on Aug 01, 2025 Duyuru • May 02
Fluor Corporation Elects James R. Breuer to the Board Fluor Corporation at its annual meeting of stockholders held on April 30, 2025 elected James R. Breuer to the Board to serve until the 2026 annual meeting of stockholders and until their successors are duly elected and qualified. Duyuru • Apr 04
Fluor Corporation to Report Q1, 2025 Results on May 02, 2025 Fluor Corporation announced that they will report Q1, 2025 results Pre-Market on May 02, 2025 Duyuru • Mar 31
Fluor Corporation Announces Chief Human Resources Officer Changes, Effective April 7, 2025 Fluor Corporation announced that Tracey Cook has been named Chief Human Resources Officer (CHRO), effective April 7, 2025, succeeding Stacy Dillow, who is leaving Fluor to pursue a new opportunity. Cook, currently Senior Vice President of Human Resources, has been with Fluor for 35 years and has held several senior leadership positions in Finance, as President of Fluor’s former equipment subsidiary, AMECO, and most recently, in Human Resources. Duyuru • Mar 14
Fluor Corporation, Annual General Meeting, Apr 30, 2025 Fluor Corporation, Annual General Meeting, Apr 30, 2025. Duyuru • Feb 18
Fluor Corporation Announces CEO Changes Fluor Corporation announced that its Board of Directors has appointed Chief Operating Officer (COO), Jim Breuer, as Chief Executive Officer (CEO), effective May 1, 2025. David E. Constable, Fluor’s current Chairman and CEO, will transition into the role of Executive Chairman on the same date, ensuring continuity of leadership and strategic direction of the company. Breuer has held the role of COO since 2024, driving a more holistic approach to Fluor’s markets, talent deployment and project delivery excellence. Prior to his COO role, he held several executive leadership positions including Group President of Energy Solutions. His engineering, procurement and construction experience spans four continents in the energy, chemicals, mining and metals, and power sectors. In his 31 years at Fluor, Breuer has held a variety of executive and project roles, including spending half of his career on assignments outside of the United States. Duyuru • Feb 06
Fluor Corporation Elects Charles P. Blankenship Jr. to its Board of Directors and Audit Committee and Commercial Strategies and Operational Risk Committee, Effective March 1, 2025 Fluor Corporation announced that Charles (Chip) P. Blankenship Jr., Chairman and Chief Executive Officer (CEO) of Woodward Inc., has been elected to its Board of Directors effective March 1, 2025. Blankenship will serve on the Board's Audit Committee and the Commercial Strategies and Operational Risk Committee, bringing the total number of Fluor Board members to 11, of whom 10 are independent. Prior to becoming Woodward’s CEO in May 2022, Blankenship’s leadership roles included serving as CEO of Arconic, an aerospace advanced alloys and components company, and a 24-year career at General Electric (GE). While at GE, he held significant leadership roles in aviation, energy and appliances, including CEO of GE Appliances and Vice President and General Manager of Commercial Aircraft Engines. He was also General Manager of GE’s Aero Energy. Blankenship serves on the Board of Directors of the National Association of Manufacturers and the Board of Governors of the Aerospace Industries Association. He is a member of the National Academy of Engineering and served as the Montgomery Distinguished Professor of Practice at the University of Virginia (UVA) School of Engineering and Applied Sciences. Blankenship holds a Ph.D. in materials science and engineering from UVA and a bachelor’s degree from Virginia Polytechnic Institute and State University. Duyuru • Jan 06
Fluor Corporation to Report Q4, 2024 Results on Feb 18, 2025 Fluor Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 18, 2025 Duyuru • Dec 04
Fluor Corporation Announces Chief Financial Officer Changes Fluor Corporation announced that after more than three decades of service,Chief Financial Officer, Joe Brennan, will retire effective July 1, 2025. Fluor’s Board of Directors has appointed John Regan as his successor, effective March 1, 2025. Regan currently serves as Fluor’s Executive Vice President and Chief Accounting Officer. He brings more than three decades of financial and industry expertise, as well as extensive experience managing public company financial planning, reporting and operations. Prior to joining Fluor, Regan served as CFO of Alta Mesa and CFO of Vine Oil & Gas LP. Regan is a Certified Public Accountant, licensed in Texas, and began his career at PricewaterhouseCoopers. Duyuru • Dec 03
Fluor Corporation Announces Retirement of Joe Brennan as Executive Vice President, Effective July 1, 2025 Fluor Corporation announced that after more than three decades of service, Executive Vice President, Joe Brennan, will retire effective July 1, 2025. Fluor’s Board of Directors has appointed John Regan as his successor, effective March 1, 2025. Regan currently serves as Fluor’s Executive Vice President and Chief Accounting Officer. He brings more than three decades of financial and industry expertise, as well as extensive experience managing public company financial planning, reporting and operations. Prior to joining Fluor, Regan served as CFO of Alta Mesa and CFO of Vine Oil & Gas LP. Regan is a Certified Public Accountant, licensed in Texas, and began his career at PricewaterhouseCoopers. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: US$0.32 (vs US$1.17 in 3Q 2023) Third quarter 2024 results: EPS: US$0.32 (down from US$1.17 in 3Q 2023). Revenue: US$4.09b (up 3.3% from 3Q 2023). Net income: US$54.0m (down 68% from 3Q 2023). Profit margin: 1.3% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Significant insider selling over the past 3 months (€570k sold). Duyuru • Oct 01
Fluor Corporation to Report Q3, 2024 Results on Nov 08, 2024 Fluor Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024 Recent Insider Transactions • Aug 18
Executive VP recently sold €570k worth of stock On the 14th of August, John Regan sold around 13k shares on-market at roughly €43.81 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Aug 05
Fluor Corporation Announces Leadership Changes Fluor Corporation announced the appointment of a new Chief Operating Officer (COO) and Chief Legal Officer (CLO), effective August 5, 2024. Jim Breuer has been appointed to the newly created position of COO. In this capacity, Breuer will drive a more holistic view of Fluor’s markets, strengths and needs in project delivery and talent allocation across the company’s three business segments – Energy Solutions, Mission Solutions and Urban Solutions. Kevin Hammonds has been appointed CLO, succeeding John Reynolds, who will retire from the company after nearly 40 years of service. Reynolds will remain as Corporate Secretary to Fluor’s Board of Directors until May 2025. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: US$0.99 (vs US$0.36 in 2Q 2023) Second quarter 2024 results: EPS: US$0.99 (up from US$0.36 in 2Q 2023). Revenue: US$4.23b (up 7.3% from 2Q 2023). Net income: US$169.0m (up 231% from 2Q 2023). Profit margin: 4.0% (up from 1.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 04
Fluor Corporation to Report Q2, 2024 Results on Aug 02, 2024 Fluor Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 Duyuru • May 18
Fluor-Led Joint Venture with Austin Bridge & Road – Lone Star Constructors Breaks Ground on Phase 1 of I-35 NEX South Project in San Antonio Fluor Corporation announced that its joint venture with Austin Bridge & Road – Lone Star Constructors, NEX – has broken ground on Phase 1 of the Interstate 35 (I-35) Northeast Expansion (NEX) South project in San Antonio, Texas, for the Texas Department of Transportation (TxDOT). Fluor was awarded the $700 million design-build project in the second quarter of 2023. The I-35 corridor is one of the most traveled interstates in Texas and serves more than 150,000 vehicles per day. Phase 1 of the I-35 NEX South project includes the addition of three elevated lanes, including two mainlanes and one high-occupancy vehicle lane in each direction, from the I-35/I-410 South interchange to the I-35/I-410 North interchange along I-35. Substantial completion is anticipated in early 2028. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.82 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.35 (up from US$0.82 loss in 1Q 2023). Revenue: US$3.73b (flat on 1Q 2023). Net income: US$59.0m (up US$176.0m from 1Q 2023). Profit margin: 1.6% (up from net loss in 1Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 04
Fluor Announces First Gold from Gold Fields’ Salares Norte Mining Project in Chile Fluor Corporation’s Mining & Metals business announced that first gold has been achieved at Gold Fields’ Salares Norte mining project in Chile. Salares Norte is a high-grade gold-silver, open-pit deposit in the Atacama region of northern Chile at an altitude of between 12,750-15,400 feet (3,900-4,700 meters) above sea level. Fluor is responsible for the engineering, procurement and construction management of the project. Construction and pre-commissioning are scheduled to be completed in April. Once fully operational, approximately 350,000 ounces of gold are expected to be mined annually through the life of the mine. Duyuru • Apr 03
Fluor Corporation to Report Q1, 2024 Results on May 03, 2024 Fluor Corporation announced that they will report Q1, 2024 results on May 03, 2024 Duyuru • Mar 14
Fluor Corporation, Annual General Meeting, May 01, 2024 Fluor Corporation, Annual General Meeting, May 01, 2024, at 08:30 Central Daylight. Agenda: To consider The election of the ten directors named in the proxy statement to serve until the 2025 annual meeting of stockholders; to consider an advisory vote to approve the Company’s executive compensation; to consider the ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for 2024; and to consider such other matters as may be properly presented at the meeting. Buy Or Sell Opportunity • Feb 21
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to €33.77. The fair value is estimated to be €45.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: US$0.55 (vs US$0.75 in FY 2022) Full year 2023 results: EPS: US$0.55 (down from US$0.75 in FY 2022). Revenue: US$15.5b (up 13% from FY 2022). Net income: US$83.0m (down 22% from FY 2022). Profit margin: 0.5% (down from 0.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 24
Fluor Corporation to Report Q4, 2023 Results on Feb 20, 2024 Fluor Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 20, 2024 Duyuru • Jan 17
Fluor Corporation Elects Lisa Glatch to its Board of Directors Fluor Corporation announced that Lisa Glatch, a former executive at Sempra Energy, was elected to its Board of Directors effective January 15, 2024. Glatch will serve on the Board’s 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. With more than 35 years of experience, Glatch joined Sempra Energy in 2018 as Strategic Initiatives Officer before being named President and Chief Operating Officer of Sempra LNG in 2019. She served as President, LNG and Net Zero Solutions of Sempra Infrastructure from 2021 until her retirement in 2022. Before joining Sempra, Glatch held several senior executive positions in business development, operations and project management at CH2M (formerly CH2M Hill), Jacobs and Fluor. Her experience spans the public and private sectors in the energy, chemicals, environmental, mining, water and transportation industries. 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. She completed advanced management programs at the University of Pennsylvania and Stanford University. Board Change • Dec 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Director H. Eberhart was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 06
Fluor Corporation to Report Q3, 2023 Results on Nov 03, 2023 Fluor Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 03, 2023 Duyuru • Sep 08
Fluor Corporation Enters into A Settlement Agreement with the U.S. Securities and Exchange Commission Fluor Corporation announced that the Company has entered into a settlement agreement with the U.S. Securities and Exchange Commission (SEC) resolving the previously disclosed SEC investigation of the Company. As reflected in the administrative Order (Order) filed by the SEC on September 6, 2023, the investigation pertained to the Company’s accounting on two lump sum engineering, procurement and construction contracts. The Company settles the matter neither admitting nor denying the SEC’s findings in the Order. In connection with the settlement, the Company has agreed to pay a civil penalty of $14.5 million. The Company established reserves sufficient to fund the settlement during 2022 and expects no material earnings effect during 2023. The SEC’s investigation concerned two projects that are now largely completed and involved historical transactions that the Company restated in September 2020. As noted in the Order, the Company fully cooperated with the SEC in its investigation and has undertaken remedial steps. The SEC settlement follows the previous announcement that the U.S. Department of Justice had ended its investigation into the Company. Duyuru • Sep 07
Bilfinger SE (XTRA:GBF) agreed to acquire Stork business in Belgium, Germany, Netherlands and turbo blading manufacturing in US from Fluor Corporation (NYSE:FLR). Bilfinger SE (XTRA:GBF) agreed to acquire Stork business in Belgium, Germany, Netherlands and turbo blading manufacturing in US from Fluor Corporation (NYSE:FLR) on September 7, 2023. This transaction is subject to consultations with and advice from the representative body of the applicable works councils, consultations with the trade unions and receipt of regulatory clearances along with other customary conditions and, subject to these conditions, is expected to be completed in the first half of 2024. Lazard is the financial advisor to Fluor Corporation (NYSE:FLR) on this transaction. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$0.36 (vs US$0.39 in 2Q 2022) Second quarter 2023 results: EPS: US$0.36 (down from US$0.39 in 2Q 2022). Revenue: US$3.94b (up 19% from 2Q 2022). Net income: US$51.0m (down 8.9% from 2Q 2022). Profit margin: 1.3% (down from 1.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 21
Fluor Corporation Reaches Significant Milestone on Lng Canada Project Fluor Corporation announced that it has completed the module fabrication program on the LNG Canada project in Kitimat, British Columbia, Canada. This significant milestone marks the completion of a critical phase in the construction of a large terminal for the liquefication, storage and loading of liquified natural gas (LNG) for export to global markets. Fluor, along with its joint venture partner JGC Corporation, is delivering multiple aspects of the LNG Canada project, including engineering, procurement, fabrication and delivery of modules, and construction of the project's infrastructure and utilities, marine structures and LNG storage tank. The first major module, measuring 145 feet tall and weighing more than 5,000 tons was received in March 2022. Overall, a total of 215 modules of varying sizes have been received and are being set at the project site. The final module arrived on July 18, 2023. Duyuru • Jul 12
Fluor Corporation to Report Q2, 2023 Results on Aug 04, 2023 Fluor Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 04, 2023 Recent Insider Transactions • Jun 12
Insider recently sold €566k worth of stock On the 7th of June, Stacy Dillow sold around 20k shares on-market at roughly €28.31 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €709k more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2023 earnings released: US$0.82 loss per share (vs US$0.27 profit in 1Q 2022) First quarter 2023 results: US$0.82 loss per share (down from US$0.27 profit in 1Q 2022). Revenue: US$3.75b (up 20% from 1Q 2022). Net loss: US$117.0m (down 408% from profit in 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €27.95, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 475% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.17 per share. Recent Insider Transactions • Mar 09
Insider recently sold €143k worth of stock On the 3rd of March, James Breuer sold around 4k shares on-market at roughly €35.67 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.8m more than they sold in the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$0.75 (vs US$1.46 loss in FY 2021) Full year 2022 results: EPS: US$0.75 (up from US$1.46 loss in FY 2021). Revenue: US$13.7b (up 11% from FY 2021). Net income: US$106.0m (up US$312.1m from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 13
Fluor Corporation to Report Q4, 2022 Results on Feb 21, 2023 Fluor Corporation announced that they will report Q4, 2022 results Pre-Market on Feb 21, 2023 Buying Opportunity • Nov 19
Now 20% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €40.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$0.08 (vs US$0.26 in 3Q 2021) Third quarter 2022 results: EPS: US$0.08 (down from US$0.26 in 3Q 2021). Revenue: US$3.61b (up 16% from 3Q 2021). Net income: US$12.0m (down 68% from 3Q 2021). Profit margin: 0.3% (down from 1.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 04
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €38.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 16% share price gain to €28.54, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Construction industry in Europe. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.39 per share. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 16% share price gain to €25.96, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.57 per share. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: US$0.40 (vs US$0.082 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.40 (up from US$0.082 loss in 2Q 2021). Revenue: US$3.30b (up 1.9% from 2Q 2021). Net income: US$56.0m (up US$67.5m from 2Q 2021). Profit margin: 1.7% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 5.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 14
Independent Director recently bought €970k worth of stock On the 11th of May, James Hackett bought around 40k shares on-market at roughly €24.24 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €956k more in shares than they have sold in the last 12 months. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.27 (vs US$0.43 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.27 (up from US$0.43 loss in 1Q 2021). Revenue: US$3.12b (up 6.2% from 1Q 2021). Net income: US$38.0m (up US$99.0m from 1Q 2021). Profit margin: 1.2% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 6.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director H. Eberhart was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 20
Alan L. Boeckmann to Retire from Board of Flour, Effective May 05, 2022 In connection with Alan L. Boeckmann's previously disclosed decision to retire from the Board of Fluor Corporation as of the annual meeting of stockholders, to be held on May 5, 2022, the Board decreased the size of the Board from ten to nine members, effective May 5, 2022. Duyuru • Apr 07
Fluor Corporation to Report Q1, 2022 Results on May 06, 2022 Fluor Corporation announced that they will report Q1, 2022 results Pre-Market on May 06, 2022 Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$1.46 loss per share (up from US$2.09 loss in FY 2020). Revenue: US$12.4b (down 21% from FY 2020). Net loss: US$181.7m (loss narrowed 38% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.8%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.26 (vs US$0.14 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$3.10b (down 18% from 3Q 2020). Net income: US$37.0m (up 93% from 3Q 2020). Profit margin: 1.2% (up from 0.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: US$0.082 loss per share (vs US$0.11 loss in 2Q 2020) The company reported a mediocre second quarter result with weaker revenues, although its control over expenses remained stable and losses reduced. Second quarter 2021 results: Revenue: US$3.24b (down 13% from 2Q 2020). Net loss: US$11.5m (loss narrowed 23% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 32% per year. Duyuru • May 14
Fluor Corporation announced a financing transaction Fluor Corporation (NYSE:FLR) announced a private placement of 450,000 shares of a newly created series of convertible preferred stock on May 13, 2021. The preferred shares will be cumulative and perpetual. Cumulative cash dividends on the preferred stock will be paid quarterly in arrears when, as and if declared by the company's board of directors. Each share of preferred stock has a liquidation preference of $1,000 per share, plus accumulated but unpaid dividends, and is convertible at the holder's option at any time into shares of Fluor common stock. Executive Departure • May 11
Independent Director has left the company On the 6th of May, Peter Fluor's tenure in the role of Independent Director ended. As of December 2020, Peter personally held 149.01k shares (€1.9m worth at the time). A total of 6 executives have left over the last 12 months. Duyuru • May 05
OEP Capital Advisors, L.P. and Gary Bernardez agreed to acquire American Equipment Company, Inc. from Fluor Corporation (NYSE:FLR) for $73 million. OEP Capital Advisors, L.P. and Gary Bernardez agreed to acquire American Equipment Company, Inc. from Fluor Corporation (NYSE:FLR) for $73 million on May 4, 2021. Upon closing of the transaction Gary Bernardez will become the Chief Executive Officer of AMECO. PNC Capital Markets LLC is providing debt financing for the transaction. CMD Global Partners, LLC acted as financial advisor, Baker & McKenzie LLP acted as legal advisor and KPMG LLP served as accounting and tax advisor to OEP Capital Advisors, L.P. BofA Securities, Inc. acted as financial advisor to Fluor Corporation in the transaction. Duyuru • Mar 20
Fluor Corporation, Annual General Meeting, May 06, 2021 Fluor Corporation, Annual General Meeting, May 06, 2021, at 08:30 Central Daylight. Agenda: The election of the ten directors named in the proxy statement to serve until the 2022 annual meeting of stockholders and until their respective successors are elected and qualified; an advisory vote to approve the Company's executive compensation; the ratification of the appointment by our Audit Committee of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2021. Is New 90 Day High Low • Mar 16
New 90-day high: €18.59 The company is up 34% from a price of €13.86 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the Construction industry, which is flat over the same period. Simply Wall St's valuation model estimates the intrinsic value at €26.14 per share. Duyuru • Jan 15
Fluor Corporation to Report Q4, 2020 Results on Feb 26, 2021 Fluor Corporation announced that they will report Q4, 2020 results Pre-Market on Feb 26, 2021 Duyuru • Jan 12
Fluor Corporation Receives Reimbursable Services Contract from by Utah Associated Municipal Power Systems Fluor Corporation announced that Utah Associated Municipal Power Systems (UAMPS) awarded the company a cost-reimbursable development agreement to provide estimating, development, design and engineering services for its Carbon-Free Power Project. Fluor will book the initial undisclosed value in the first quarter of 2021 and as it accrues. Duyuru • Dec 12
Fluor Corporation Suspends Financial Guidance for 2020 Fluor Corporation suspended financial guidance for 2020. The company has suspended its guidance for 2020 and expects to report fourth quarter results and 2021 guidance to the investment community in February 2021. The company said that COVID-19 continues to impact the business as clients are deferring capital investment decisions and the pandemic has slowed down the ability to fully staff and execute projects. Duyuru • Nov 17
Fluor Corporation and Sargent & Lundy Agree to Collaborate on New Carbon-Free Small Modular Nuclear Reactor Projects Fluor Corporation announced that the company has reached an agreement with Sargent & Lundy to collaborate with joint marketing and design services for the execution of new NuScale Power small modular nuclear reactor plants in North America. Under the new agreement with Sargent & Lundy, Fluor will design the turbine island and balance-of-plant facilities with Sargent & Lundy providing the design for the nuclear island. Duyuru • Nov 11
Fluor Corporation announced delayed 10-Q filing On 11/10/2020, Fluor Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Oct 30
Fluor Selected for 5-Year Position for the U.S. General Services Administration’s One Acquisition Solution for Integrated Services Contract Fluor Corporation announced that the U.S. General Services Administration (GSA) awarded the company a five-year position on the indefinite-delivery/indefinite-quantity One Acquisition Solution for Integrated Services Contract (OASIS). Duyuru • Oct 14
Fluor Corporation's Stork Wins 3-Year Maintenance Contract by Shell & Esso Joint Venture Nam in the Netherlands Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a three-year maintenance contract by NAM (Nederlandse Aardolie Maatschappij), a joint venture between Shell and Esso, in the Netherlands. Fluor booked the undisclosed contract value in the third quarter of 2020. Stork will provide all daily maintenance and rapid response services as well as deliver engineering, project and turnaround-related services for the three NAM onshore production areas including all greenfield and brownfield projects in the Netherlands. Duyuru • Sep 24
Fluor Corporation Names Teri McClure as New Board Member, Effective October 1, 2020 Fluor Corporation announced that the company named Teri P. McClure as a director effective October 1, 2020. McClure will serve on the board’s audit and governance committees and will bring the total number of Fluor board members to 13. McClure was with United Parcel Service (UPS) for nearly 25 years where she was most recently the company’s chief human resources officer and senior vice president, labor. Her previous positions at the company included senior executive leadership roles in legal, compliance and public affairs as well as serving as the company’s general counsel and secretary. McClure currently serves as a director on the boards for GMS Inc., JetBlue Airways Corporation and Lennar Corporation. Duyuru • Aug 12
Fluor Corporation announced delayed 10-Q filing On 08/11/2020, Fluor Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Jul 04
Fluor Corporation(NYSE:FLR) dropped from Russell 1000 Dynamic Index Fluor Corporation(NYSE:FLR) dropped from Russell 1000 Dynamic Index Duyuru • Jul 02
Fluor Corporation(NYSE:FLR) dropped from Russell 1000 Index Fluor Corporation(NYSE:FLR) dropped from Russell 1000 Index