Fluor Q4 results miss; plans $1.4 bln buyback in 2026

Fluor

17/02/2026 11:57

Overview

Engineering services firm's Q4 revenue and adjusted EPS missed analyst expectations

Company repurchased $754 mln in shares in 2025, plans $1.4 bln buyback in 2026

Company's backlog at $25.5 bln, with 81% reimbursable projects

Outlook

Company expects adjusted EBITDA for 2026 between $525 mln and $585 mln

Fluor anticipates significant EPC awards in 2026 and 2027

Company expects full monetization of NuScale investment by end of Q2 2026

Result Drivers

NUSCALE INVESTMENT - Fluor's Q4 results were affected by a $2 bln reduction in the valuation of its NuScale investment

SANTOS PROJECT IMPACT - Energy Solutions segment faced a $643 mln revenue reversal due to a judgment on the Santos project

NEW AWARDS DECLINE - Q4 new awards were $1.1 bln, down from $2.3 bln in 2024, reflecting delayed timing of awards

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$4.20 bln
$4.25 bln (8 Analysts)
Q4 Adjusted EPS
Miss
$0.33
$0.34 (8 Analysts)
Q4 EPS
-$9.87
Q4 Net Income
-$1.60 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $52.00, about 14.3% above its February 13 closing price of $45.48

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

Press Release: ID:nBw52NM2ca

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.)