Fluor Corporation ( (FLR) ) has released its Q4 earnings. Here is a breakdown of the information Fluor Corporation presented to its investors.
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Fluor Corporation is a global engineering and construction firm headquartered in Irving, Texas, specializing in engineering, procurement, construction, and project management services across various sectors including energy, chemicals, infrastructure, and mining.
Fluor Corporation has reported its financial results for the year ending December 31, 2024, highlighting a revenue of $16.3 billion and a net income of $2.1 billion. The company announced a significant gain from the deconsolidation of its investment in NuScale and emphasized strong operating cash flow, marking the highest since 2015.
Key financial metrics for 2024 include a consolidated segment profit of $635 million, increased from $537 million in 2023, and an adjusted EBITDA of $530 million. The company ended the year with a backlog of $28.5 billion, with a significant portion of new awards being reimbursable. Fluor’s Urban Solutions segment saw notable growth, while its Energy Solutions segment experienced a decline in profit due to project execution challenges.
Fluor’s strategic focus on building a robust backlog and improving capital structure is evident in its financial outcomes. The company repurchased $125 million of its shares in the fourth quarter and plans to repurchase an additional $300 million in 2025, reflecting confidence in its financial health and future prospects.
Looking ahead, Fluor Corporation projects an adjusted EBITDA guidance for 2025 between $575 to $675 million and adjusted EPS of $2.25 to $2.75 per share. The management remains optimistic about delivering value through its diversified project portfolio and enhanced operational capabilities.
