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Fluor Corporation's 2024 results showed slowing sales and margins, with a 5% growth rate and significant challenges in the Energy Solutions segment. Despite a robust balance sheet, the company's efficiency and profitability metrics need substantial improvement to compete effectively with peers. The 2025 outlook is optimistic, with an expected 15% revenue growth driven by strong backlogs and new awards, especially in Urban Solutions.
Fluor (FLR) reported earnings 30 days ago. What's next for the stock?
FLR's long-standing collaboration with Tengizchevroil bodes well, highlighting a new milestone reached by the Fluor-led JV.
IRVING, Texas--(BUSINESS WIRE)-- #EnergySolutions--Fluor-Led JV Supports Successful Completion and Startup of Major Project at Tengiz Oil Field in Kazakhstan.
FLR's fourth-quarter 2024 results reflect strong contributions from the Urban Solutions and Energy Solutions segments amid a sharp drop in Urban Solutions' margin.
Fluor (FLR -8.41%) published its final earnings report for 2024 on Tuesday, and investors reacted by trading the company's stock down aggressively. This resulted in a nearly 9% share-price erosion on the day, a performance that was notably worse than the 0.2% gain of the bellwether S&P 500 index.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 100 points on Tuesday.
Fluor Corporation (FLR) Q4 2024 Earnings Call Transcript
Fluor (FLR) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.68 per share a year ago.
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its year ended December 31, 2024. Revenue for 2024 was $16.3 billion and net income attributable to Fluor was $2.1 billion, or $12.30 per diluted share, reflecting the deconsolidation and subsequent remeasurement of Fluor's investment in NuScale. Consolidated segment profit1 for the year was $635 million, compared to $537 million in 2023. Including the adjustments outlined in the reconciliation table a.