Fluor Q3 revenue rises on record new awards

Fluor

06/11/2026 11:01

Overview
U.S. engineering and construction firm's Q3 revenue up 10% yr/yr, missing analyst expectations
Adjusted EPS for Q3 rose 13% yr/yr but missed analyst expectations
Company reported record $10.9 bln in new awards and 21% backlog increase

Outlook
Fluor affirms 2026 adjusted EBITDA guidance of $500 mln to $525 mln

Result Drivers
RECORD NEW AWARDS - Co said Q3 results were driven by $10.9 bln in new awards, including LNG Canada Phase 2 and two mining projects, per CEO Jim Breuer
SEGMENT PROFIT IMPROVEMENT - Urban Solutions and Mission Solutions segments saw higher profit and margins due to improved project performance and milestone achievements
ENERGY SOLUTIONS GAINS - Energy Solutions segment profit benefited from a $73 mln gain on sale of ICA-Fluor JV interest

Company press release: ID:nBw5k1Ts6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$3.70 bln
$4.16 bln (6 Analysts)
Q3 Adjusted EPS
Miss
$0.77
$0.80 (7 Analysts)
Q3 EPS
 
$1.16
 
Q3 Net Income
 
$158 mln
 

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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.)