Construction services firm Fluor tops Q2 revenue and profit estimates

Fluor

07/08/2026 11:34

Overview
US engineering and construction firm's Q2 revenue rose 9% and beat analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company returned $300 mln to shareholders through repurchases and completed $175 mln Mexico JV divestiture

Outlook
Fluor narrows 2026 adjusted EBITDA guidance to $500-$525 mln, down from $525-$560 mln
Company does not provide GAAP net earnings or EPS guidance for 2026

Result Drivers
NEW AWARDS - Co said strong new awards of $6.1 bln reflected continued demand across key markets and successful conversion of its prospect pipeline
MINING AND METALS EXECUTION - Urban Solutions segment profit rose due to increased execution levels on mining and metals projects
FAVORABLE CLOSE-OUTS - Energy Solutions segment profit increased, reflecting favorable close out items on certain projects, including former JV in Mexico

Company press release: ID:nBw5YmVr5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.30 bln
$3.92 bln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.91
$0.70 (7 Analysts)
Q2 EPS
 
$0.81
 
Q2 Net Income
 
$114 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Fluor Corp is $52.50, about 7.7% above its August 6 closing price of $48.75
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 5 - Construction firm Tutor Perini's Q2 revenue beats estimates, guidance raised
Aug 4 - Jacobs beats quarterly profit estimates on strong infrastructure demand
Aug 6 - Canada's Atkinsrealis Q2 revenue rises 10% on nuclear segment growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)