Fluor falls after downbeat annual profit forecast, Q4 results; announces CEO transition

Fluor

18/02/2025 15:13

(Updates)
    ** Shares of construction firm Fluor  FLR.N  down as much as
7.5% to a near nine-month low of $40.14 in early trade
    ** Company forecasts annual adjusted EPS between $2.25 and
$2.75, compared with Street estimates of $2.95 - data compiled
by LSEG
    ** Also reports Q4 revenue rise of 11.5% to $4.26 billion,
below estimates of $4.42 billion, while adjusted EPS of 48 cents
missed expectations of 77 cents
    ** Company also plans $300 million in share repurchases in
2025
    ** Separately, Fluor says current COO Jim Breuer is
appointed as CEO effective May 1
    ** Current CEO David Constable to be company's executive
chairman
    ** FLR rose 26% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))