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

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

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 Stock Performance

Shares of FLR stock traded up $8.47 on Friday, hitting $57.22. 7,957,471 shares of the stock traded hands, compared to its average volume of 2,175,618. The company’s fifty day moving average is $50.78 and its 200 day moving average is $48.50. Fluor has a 1-year low of $39.33 and a 1-year high of $57.65. The company has a market capitalization of $7.99 billion, a PE ratio of 33.27, a PEG ratio of 1.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78.

Wall Street Analyst Weigh In

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

Institutional Trading of Fluor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of Fluor in the 4th quarter valued at about $173,000. UMB Bank n.a. lifted its holdings in Fluor by 18.7% in the fourth quarter. UMB Bank n.a. now owns 2,438 shares of the construction company’s stock worth $97,000 after acquiring an additional 384 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Fluor by 201.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,817 shares of the construction company’s stock valued at $151,000 after purchasing an additional 2,550 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Fluor by 43.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,810 shares of the construction company’s stock valued at $160,000 after purchasing an additional 1,151 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in Fluor during the 2nd quarter worth $202,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.