Fluor (NYSE:FLR) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Fluor (NYSE:FLR) released its quarterly earnings results on Friday. The construction company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.03), FiscalAI reports. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year.

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

• Record awards boosted backlog: Fluor booked a record $10.9 billion in awards in Q3, lifting backlog to $34.3 billion. Management expects book-to-burn above 1 in 2027, though the timing of major project approvals remains uncertain.
• Fluor maintained 2026 adjusted EBITDA guidance of $500 million–$525 million and adjusted EPS guidance of $2.70–$2.80, and preliminarily expects low-double-digit adjusted EBITDA growth in 2027. Management said recent mega-project awards should contribute more as they ramp, with a larger utilization improvement expected in 2028.
• A client scope change could reduce backlog by about $2 billion as early as Q4; the company is still evaluating the impact. Management described it as project-specific rather than a cancellation.
• Fluor has spent more than $2 billion on share repurchases since Q4 2024 and remains on pace to repurchase $1.4 billion of shares in 2026. It ended Q3 with $3.1 billion in cash and equivalents.
• Energy Solutions’ Q3 segment profit was $20 million excluding a $73 million gain from the EcoFluor sale, as mature projects rolled off faster than newer awards ramped up. Fluor also cautioned that favorable project closeouts in Q3 are not expected to repeat in Q4.

Fluor Trading Up 2.9%

Shares of FLR opened at $46.30 on Friday. Fluor has a fifty-two week low of $39.33 and a fifty-two week high of $58.35. The company has a market capitalization of $6.19 billion, a PE ratio of -6.79, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. The stock has a fifty day moving average of $50.43 and a two-hundred day moving average of $49.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80.

Fluor News Roundup

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Fluor reported a record $10.9 billion in third-quarter awards, including LNG Canada Phase 2 and two mining projects. Strong bookings may bolster future work, though management also flagged the possibility of a roughly $2 billion backlog reduction. Fluor Reports Third Quarter 2026 Results
• Positive Sentiment: New project wins and agreements add to Fluor’s opportunity pipeline: the company signed an EPC contract for a large data-center campus in Kentucky, was selected for an advanced small modular reactor project in Washington, and received full notice to proceed on a Chilean mining expansion. TeraWulf EPC contract SMR project selection Sierra Gorda project notice to proceed
• Negative Sentiment: Third-quarter EPS of $0.77 fell short of the $0.80 consensus, while revenue of $2 billion was well below analysts’ $4.16 billion estimate. Revenue did rise 10.5% year over year, but the forecast gap and potential backlog reset could weigh on confidence. Fluor earnings and backlog report

Analyst Ratings Changes

A number of equities research analysts have commented on FLR shares. Robert W. Baird increased their target price on Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. UBS Group increased their price objective on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Citigroup reiterated a “buy” rating on shares of Fluor in a research report on Friday, October 23rd. Finally, Weiss Ratings cut Fluor from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.33.

About Fluor

Fluor Corporation is a global engineering and construction company that provides engineering, procurement, construction, maintenance and project-management services. It works with clients to plan and deliver complex projects, and also provides services for facility operations, upgrades and decommissioning.

The company serves customers in sectors including energy, chemicals, mining and metals, infrastructure, advanced technologies and life sciences. Through its government-focused work, Fluor also supports federal agencies and government programs, including projects involving environmental remediation and national security.

Founded in 1912, Fluor is headquartered in Irving, Texas, and undertakes projects in the United States and internationally.