Welcome to our dedicated page for Fluor news (Ticker: FLR), a resource for investors and traders seeking the latest updates and insights on Fluor stock.
Fluor Corporation (NYSE: FLR) generates frequent news as an engineering services company delivering large, complex projects across energy, infrastructure, mining, chemicals and government-related markets. Company updates often highlight major contract awards, project milestones, financial results and strategic portfolio actions, giving investors and industry observers insight into how Fluor’s three segments—Urban Solutions, Energy Solutions and Mission Solutions—are performing.
News about Fluor includes announcements on project execution, such as achieving mechanical completion on BASF’s Zhanjiang Verbund project in China, completing Train 2 of the LNG Canada project in Kitimat, British Columbia, and breaking ground on the State Highway 6 expansion in Bryan/College Station, Texas. Releases also cover new work, including engineering, procurement and integrated construction management services for Teck Resources’ Highland Valley Copper Mine Life Extension project and front-end engineering and design for Project Speedbird, a sustainable aviation fuel hub in North Yorkshire, England.
Investors following FLR news will also find regular earnings releases, conference call announcements, and updates on capital allocation and investment monetization, such as Fluor’s agreement to convert and monetize its stake in NuScale Power. Management’s participation in investor conferences and commentary on backlog, new awards and segment performance are common themes in the company’s news flow.
This news page aggregates these announcements so readers can track how Fluor’s project portfolio evolves, how its segments contribute to results, and how strategic decisions—such as divesting its interest in the Zhuhai fabrication yard in China—affect the overall business. For ongoing context on FLR, this feed provides a centralized view of project developments, financial disclosures and corporate actions over time.
Fluor Corporation (NYSE: FLR) has signed a memorandum of understanding with Bulgarian Energy Holding EAD to explore new nuclear units in Bulgaria. This collaboration emphasizes Fluor's commitment to providing decarbonization solutions aligned with global clean energy initiatives. The partnership will assess program management services and evaluate the existing coal-fired fleet for potential repurposing. With over 70 years of experience in the nuclear sector, including involvement in over 25 nuclear plants, Fluor aims to enhance energy security and contribute to Bulgaria’s economic growth.
Fluor Corporation (NYSE: FLR) announced that the U.S. Department of Energy has selected its joint venture, Savannah River Mission Completion, LLC, to execute a $21 billion contract for environmental management at the Savannah River Site over ten years. The contract encompasses liquid waste stabilization, nuclear materials management, and other tasks. This new contract reinforces Fluor's ongoing commitment to the Savannah River community, leveraging extensive experience to ensure safe and cost-effective project execution.
Fluor Corporation (NYSE: FLR) will hold a conference call on November 5 to discuss its third quarter results for the period ending September 30, 2021. The call will start at 8:30 A.M. Eastern time and will feature CEO David Constable and CFO Joe Brennan. Financial results will be released prior to market open on the same day. Investors can access the live webcast or replay at investor.fluor.com. Fluor reported $14.2 billion in revenue in 2020 and continues to provide engineering and construction services worldwide.
Fluor Corporation (NYSE: FLR) has increased its maximum cash tender offer from $400 million to $500 million. Since June 30, 2021, Fluor's total outstanding debt has decreased approximately 30% from $1.7 billion to $1.2 billion. The company continues to work on improving its debt maturity profile and overall leverage. Notably, the 2024 Notes tendered will be accepted on a prorated basis due to high demand. The offer expires on September 28, 2021.
NuScale Power is enhancing its manufacturing process at BWXT Canada Ltd.'s facility in Cambridge, Ontario, focusing on the fabrication of its NuScale Power Module™. This step is significant for the development of small modular reactor (SMR) technology and showcases NuScale's effort to establish a robust Canadian supply chain. BWXT Canada was engaged for an 18-month design contract, with further manufacturing agreements expected. The company emphasizes its capacity to source 80% of the plant components locally, aiming for Canadian deployment of the SMR technology by 2028.
Fluor Corporation (NYSE: FLR) announced a cash tender offer to purchase up to $400 million of its 2023 and 2024 Notes, reinforcing its commitment to reduce outstanding indebtedness. The offer allows for up to $100 million in 2024 Notes, with an early tender premium of $30.00 applicable for valid submissions before the early tender deadline of September 14, 2021. The Company aims to use cash on hand to fund this initiative and is evaluating further potential deleveraging actions.
Fluor Corporation (NYSE: FLR) reported second-quarter 2021 revenue of $3.2 billion with a net loss of $14 million or $0.08 per share. The results were impacted by $49 million in foreign currency effects and charges from a legacy project. Excluding these, adjusted EPS was $0.32. New awards totaled $1.4 billion, and backlog decreased to $21.1 billion. The company raised its full-year adjusted EPS guidance to $0.60-$0.80 and adjusted net income to $94-$128 million. Cash and marketable securities rose to $2.7 billion.
Fluor Corporation (NYSE: FLR) has been awarded a contract by the Texas Department of Transportation (TxDOT) in a joint venture with Austin Bridge & Road for the design, construction, and maintenance of Phase 2 of the I-35E project. The contract is valued at approximately $640 million and will be booked in Q3 2021. This 6.3-mile project includes expanding existing lanes and reconstructing frontage roads. Construction is set to start in late 2021, with expected completion in late 2025.
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Fluor Corporation (NYSE: FLR) announced that Khoemacau Copper Mining achieved its first copper and silver concentrate production for its Starter Project in Botswana. Located in the Kalahari Copper Belt, the project is expected to yield an annual average of 62,000 metric tons of copper and 1.9 million ounces of silver over more than 20 years. Fluor managed the engineering, procurement, and construction, including upgrades to the Boseto Processing Plant. The project surpassed safety records with 6 million hours worked without injury and was completed on time and within budget.