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

Fluor (NYSE:FLR) released its earnings results on Friday. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating 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 return on equity of 5.90% and a net margin of 2.30%.The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm 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 Up 17.4%

Shares of NYSE:FLR opened at $57.22 on Friday. The company’s fifty day moving average is $50.78 and its 200-day moving average is $48.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. Fluor has a 52 week low of $39.33 and a 52 week high of $57.65. The company has a market capitalization of $7.99 billion, a PE ratio of -4.66, a P/E/G ratio of 1.81 and a beta of 1.25.

Key Headlines Impacting Fluor

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

Institutional Trading of Fluor

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in shares of 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 acquiring an additional 311 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Fluor during the 4th quarter valued at $27,000. Larson Financial Group LLC boosted its stake in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares in the last quarter. Banque Transatlantique SA grew its holdings in shares of Fluor by 312.5% during the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of 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 buying an additional 1,167 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

About Fluor

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.