Construction services firm Fluor tops Q3 adjusted EPS estimates, plans $800mln buyback, raises guidance

Fluor

07/11/2025 11:00

Overview

Fluor Q3 revenue falls 18% y/y, missing analyst expectations due to Santos ruling

Adjusted EPS for Q3 rises 33% y/y, beating analyst expectations

Company repurchased $70 mln in shares, plans $800 mln more by February

Outlook

Fluor raises 2025 adjusted EPS guidance to $2.10-$2.25 per share

Fluor increases 2025 adjusted EBITDA guidance to $510-$540 mln

Fluor plans full monetization of NuScale investment by end of Q2 2026

Result Drivers

SANTOS RULING IMPACT - Revenue and net income were negatively affected by a $653 mln charge due to the Santos ruling

REIMBURSABLE PORTFOLIO - 99% of new awards and 82% of backlog are reimbursable, highlighting strategic focus on risk management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$3.40 bln
$4.20 bln (7 Analysts)
Q3 Adjusted EPS
Beat
$0.68
$0.47 (8 Analysts)
Q3 EPS
-$4.30
Q3 Net Income
-$697 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 $50.50, about 11.7% above its November 6 closing price of $44.58

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBwbSzM3wa

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(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.)