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Fluor reports Q3 adjusted EPS 68c, consensus 45c

Reports Q3 revenue $3.37B, consensus $4.2B. Reports Q3 backlog $28.2B; 82% reimbursable. “Fluor’s (FLR) third quarter results demonstrate our commitment to disciplined project delivery and creating value for our clients and shareholders,” said Jim Breuer, chief executive officer of Fluor. “Despite continued short term uncertainty in some markets, we are well positioned with unmatched global engineering and construction expertise, disciplined execution, a predominantly reimbursable portfolio, and a clear capital allocation strategy. We remain confident in our ability to deliver significant value over time.”

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