Fluor rallies on Q2 results beat

Fluor

07/08/2026 12:36

** Fluor Corp FLR.N shares rise 5.6% to $51.50 premarket
** The Construction firm posts Q2 adj. EPS of 91 cents and revenue of $4.3 bln, beating analysts' consensus estimates of 70 cents and $3.92 bln - data compiled by LSEG 
** New awards jump to $6.1 bln from $1.8 bln a year earlier
** Total backlog fell 4.7% Y/Y to $26.9 bln, as of June 30
** Co narrows 2026 adj. EBITDA forecast to $500 mln-$525 mln, citing lost contribution from divested Mexico JV
** Five of nine brokerages rate the stock "buy" or higher and four "hold"; median PT is $52.5
** As of last close, stock up ~23% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))