AI Earnings Predictions for Fluor Corporation (FLR)

EX-99.1

2 ex991q22026.htm

EX-99.1

Document

Fluor CorporationBrett TurnerExhibit 99.1

6700 Las Colinas BlvdMedia Relations

Irving, Texas 75039864.281.6976 tel

469.398.7000 main telJason Landkamer

Investor Relations

469.398.7222 tel

News Release

FLUOR REPORTS SECOND QUARTER 2026 RESULTS

•Strong new awards of $6.1 billion reflect continued demand across key markets

•Ending backlog of $26.9 billion, 85% reimbursable

•Completed $175 million divestiture of Mexico JV

•Returned $300 million to shareholders through repurchases during the quarter; still targeting $1.4 billion for 2026

IRVING, Texas (August 7, 2026) -Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ended June 30, 2026.

“Our second quarter awards demonstrate the successful pull-through of our front-end work and the confidence clients have in Fluor to advance their most important investments,” said Jim Breuer, chief executive officer of Fluor. “These awards reflect conversion of our prospect pipeline, which we continue to replenish with additional opportunities. We remain focused on disciplined growth in our selected markets, strategic capital allocation and long-term value creation for our clients and shareholders.”

Q2 2026 Highlights:

◦Revenue of $4.3 billion, up 9% y/y

◦GAAP net earnings attributable to Fluor of $114 million

◦Adjusted EBITDA [1] of $149 million

◦EPS of $0.81; adjusted EPS [1] of $0.91

◦Consolidated segment profit [1] of $170 million

◦Cash and marketable securities at quarter end were $3.0 billion

◦G&A expenses of $41 million

◦Completed NuScale monetization in April

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•Operating Cash Flow: ($317) million, includes $357 million tax payment related to NuScale monetization

•New Awards: $6.1 billion, compared with $1.8 billion in the prior-year period; 89% reimbursable

•Backlog: $26.9 billion; 85% reimbursable, with legacy project backlog reduced to $119 million

[1] Non-GAAP Financial Measure. See “Non-GAAP Financial Measures” for additional information.

Outlook

We are not providing forward-looking guidance for U.S. GAAP net earnings or U.S. GAAP earnings per share, or a quantitative reconciliation of adjusted EBITDA or adjusted EPS guidance, because we are unable to predict with reasonable certainty all of the components required to provide such reconciliation without unreasonable efforts, which are uncertain and could have a material impact on GAAP reported results for the guidance period. See “Non-GAAP Financial Measures” for additional information.

The company is narrowing its 2026 adjusted EBITDA guidance from $525 – $560 million to $500 – $525 million. This reduction reflects the removal of the previously estimated 2nd half contribution from the JV in Mexico. Adjusted EBITDA guidance excludes items similar to those outlined in the reconciliation table at the end of this release.

Business Segments

Urban Solutions reported second quarter segment profit of $38 million, compared with $29 million in the prior-year period, reflecting increased execution levels on mining and metals projects, partially offset by cost growth of $44 million for the now substantially completed Gordie Howe International Bridge project due to the effects of foreign currency fluctuation, a subcontractor bankruptcy and client driven changes. Revenue improved to $2.9 billion, compared with $2.1 billion a year ago. New awards totaled $3.2 billion, compared with $856 million in the prior-year period. Awards for the quarter included a fertilizer project in Canada, an incremental life sciences award in the United States, and an infrastructure project in Europe. Ending backlog was $19.4 billion, compared with $20.6 billion a year ago.

Energy Solutions reported second quarter segment profit of $88 million, compared with $15 million in the prior-year period. Results reflect favorable close out items on certain projects, including our former JV in Mexico. Revenue was $709 million, compared with $1.1 billion a year ago. New awards totaled $704 million, compared with $549 million in the second quarter of 2025. New awards for the quarter included a gas compression project on the west coast and the limited notice to proceed on the phase 2 expansion of the LNG Canada project. Ending backlog was $3.5 billion, compared with $5.6 billion a year ago.

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Mission Solutions reported second quarter segment profit of $44 million, compared with $35 million in the prior year period. Results reflect improved award fee performance within our DOE portfolio. Second quarter revenue was $716 million, compared with $762 million a year ago. New awards increased to $2.2 billion from $363 million in the second quarter of 2025 and included the reimbursable EPC contract for the Centrus nuclear fuel enrichment facility.

Conference Call

Fluor will host a conference call at 8:30 a.m. Eastern on Friday, August 7, which will be webcast live and can be accessed by logging onto investor.fluor.com. The call will also be accessible by tele

EX-99.1

2 ex991q12026.htm

EX-99.1

Document

Fluor CorporationBrett TurnerExhibit 99.1

6700 Las Colinas BlvdMedia Relations

Irving, Texas 75039864.281.6976 tel

469.398.7000 main telJason Landkamer

Investor Relations

469.398.7222 tel

News Release

FLUOR REPORTS FIRST QUARTER 2026 RESULTS

•Completed sale of NuScale investment in April 2026, generating $2.4 billion in proceeds since September 2025

•Completed $124 million divestiture of fabrication yard in China

•Q1 operating cash flow of $110 million, strongest Q1 performance in nine years

•Share repurchases of $516 million during the period; targeting $1.4 billion for 2026

IRVING, Texas (May 8, 2026) -Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2026.

“I am encouraged by the significant number of new awards we secured in recent months across diverse markets, including gas-fueled and nuclear power, refining, data centers, mining, and uranium enrichment. Our pipeline of work is expanding, and we see compelling opportunities across each of our core markets,” said Jim Breuer, Fluor’s Chief Executive Officer. “The strong growth potential of our business is not impacted by the project charge in the quarter. With a disciplined project delivery model and strong liquidity, we are positioned to convert our growing pipeline, expand margins, and deliver sustained profitable growth.”

Q1 2026 Highlights:

◦Revenue of $3.6 billion, down 8% y/y

◦GAAP net earnings attributable to Fluor of $160 million

◦Adjusted EBITDA [1] of $60 million

◦EPS of $1.08; adjusted EPS [1] of $0.14

◦Consolidated segment profit [1] of $8 million

◦Cash and marketable securities at quarter end were $3.2 billion

◦G&A expenses of $61 million, primarily driven by the impact of stock-based compensation

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•Operating Cash Flow: $110 million vs ($286) million y/y, reflects dividends from JV projects; full year guidance of $300 million maintained

•New Awards: New awards totaled $2.7 billion, down 54% y/y; 98% reimbursable

•Backlog: $25.7 billion at 82% reimbursable, slightly up from backlog at December 31, 2025; legacy project backlog now down to $169 million

[1] Non-GAAP Financial Measure. See “Non-GAAP Financial Measures” for additional information.

Outlook

We are not providing forward-looking guidance for U.S. GAAP net earnings or U.S. GAAP earnings per share, or a quantitative reconciliation of adjusted EBITDA or adjusted EPS guidance, because we are unable to predict with reasonable certainty all of the components required to provide such reconciliation without unreasonable efforts, which are uncertain and could have a material impact on GAAP reported results for the guidance period. See “Non-GAAP Financial Measures” for additional information.

The company is narrowing its adjusted EBITDA guidance for 2026 from $525 - $585 million to $525 - $560 million. This revision to the upper end of our guidance reflects Q1 recognition of cost growth on a mining project in the Americas, and a temporary slowdown on another project due to Middle East geopolitical concerns. The rest of the overall business continues to deliver at or above expectations. Adjusted EBITDA guidance excludes items similar to those outlined in the reconciliation table at the end of this release.

Business Segments

Urban Solutions reported a segment profit of $6 million for the first quarter, compared to a profit of $70 million in the same period last year. These results reflect a $37 million impact due to increased costs on a mining project in the Americas. First quarter revenue rose to $2.4 billion from $2.2 billion a year ago. New awards for the quarter were $2.1 billion compared to $5.3 billion a year ago, when we recognized a large pharmaceutical award. Quarterly awards included an aluminum project in the Middle East, incremental work for a pharmaceutical facility and an infrastructure expansion on a mine in Chile. Ending backlog was $19 billion, slightly lower than $20.2 billion a year ago.

Energy Solutions delivered segment profit of $74 million in the first quarter, up from $47 million a year ago, primarily driven by recognition of favorable close out items on three projects. Revenue for the quarter declined to $703 million, compared to $1.2 billion in the prior year, reflecting reduced execution activity on several projects nearing completion. New awards in the quarter totaled $213 million,

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compared to $315 million for the first quarter of 2025. Ending backlog was $4.3 billion versus $6.2 billion a year ago, due to progress on several large projects, including at our JV in Mexico.

Mission Solutions reported a segment loss of $71 million in the first quarter versus a $5 million profit in the prior year period. Results were affected by $96 million triggered by the outcome of a court ruling on a lawsuit filed in 2013. Revenue decreased to $523 million from $597 million a year ago. New awards for the quarter totaled $332 million, including a significant

flr-202602170001124198false00011241982026-02-172026-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2026

FLUOR CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-16129 33-0927079 (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification Number)

6700 Las Colinas Blvd. Irving,Texas75039 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (469) 398-7000

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐                 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐                  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐                 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐                 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $.01 par value per shareFLRNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02.  Results of Operations and Financial Condition.

On February 17, 2026, Fluor Corporation (the “Company”) announced its financial results for the quarter and year ended December 31, 2025. A copy of the press release (the “Earnings Release”) making this announcement is attached hereto as Exhibit 99.1.

The information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section. Furthermore, this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934.

The Company includes backlog and new awards data in the Earnings Release. Backlog is a measure of the total dollar value of work to be performed on contracts awarded and in progress. Although backlog reflects business that is considered to be firm, cancellations, deferrals or scope adjustments may occur. Backlog is adjusted to reflect any known project cancellations, revisions to project scope and cost, foreign currency exchange fluctuations and project deferrals, as appropriate. New awards measure the total dollar value of work to be performed on contracts awarded in the period. Backlog and new awards measures are regularly reported in the construction industry.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description 99.1 Press Release issued by Fluor Corporation on February 17, 2026 announcing its financial results for the quarter and year ended December 31, 2025.

104Cover Page Interactive Data File, formatted in Inline XBRL, and included as Exhibit 101.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 17, 2026

FLUOR CORPORATION

By:/s/John C. Regan John C. Regan Chief Financial Officer

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