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) plans to privately offer 450,000 shares of a new series of convertible preferred stock, with an option for purchasers to buy an additional 67,500 shares. The funds raised will be used to repay debt and for general corporate purposes. The preferred stock offers quarterly cumulative cash dividends and can be converted into common stock at the holder's discretion. This offering will be made to qualified institutional buyers under Rule 144A of the Securities Act, with the stock not registered for public sale.
Fluor Corporation (NYSE: FLR) announced that NuScale Power, in which it is the majority investor, is exploring financing options with Guggenheim Securities to expedite the commercialization of its small modular reactor (SMR) technology. Since 2013, Fluor has engaged with strategic investors, and recent milestones have attracted increased interest. Funds raised will enhance NuScale's SMR program, supported by a DOE cost-share award. Notably, NuScale's SMR design, approved by the U.S. Nuclear Regulatory Commission, generates 77 megawatts of zero-carbon electricity per module.
Fluor Corporation (NYSE: FLR) reported Q1 2021 revenue of $2.9 billion, with a net loss from continuing operations of $61 million, or $0.43 per diluted share. Adjusted EPS stood at $0.07, excluding $68 million in NuScale expenses. The new awards totaled $3.7 billion, while the ending backlog grew to $23.8 billion. Segment profits improved, with Energy Solutions reporting a profit shift from a loss. The company maintains its EPS guidance for 2021 at $0.50 to $0.80, anticipating increased opportunities in the second half as capital spending rises post-pandemic.
Fluor Corporation (NYSE: FLR) announces the retirement of Peter J. Fluor from its Board of Directors effective May 6. Peter, the last of the Fluor family in leadership since the company's founding in 1912, has served on the board since 1984. He held various roles, including lead independent director from 2003 to 2020. CEO David Constable recognized Peter's commitment to safety, integrity, and teamwork during his tenure. Peter also leads Texas Crude Energy, LLC, and his departure marks the end of an era for Fluor Corporation's longstanding family leadership.
Fluor Corporation (NYSE: FLR) has completed the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million. This sale marks a crucial step in the ongoing divestiture process that began in September 2019. Previously, Fluor sold its AMECO Caribbean operations in Jamaica in August 2020 and is currently in the process of marketing its remaining AMECO South America and ServiTrade Mozambique operations. Fluor continues to collaborate with AMECO in the U.S. and Canada.
Fluor Corporation (NYSE: FLR) will conduct a conference call to discuss its Q1 2021 results on May 7, at 8:30 A.M. Eastern Time. The financial results will be released before the market opens that day. Participants can join via telephone or listen to a live webcast with slides at investor.fluor.com. A replay of the call will be available for 30 days. In 2020, Fluor reported revenue of $15.7 billion and is recognized for providing engineering, procurement, and construction services worldwide, employing around 44,000 individuals.
Fluor Corporation (NYSE: FLR) announced that its subsidiary, Stork, has secured a two-year contract with Babcock International Group for inspections, surveillance, and quality assurance services at various sites in the UK, including Babcock's Rosyth facility. The contract, valued for booking in Q1 2021, emphasizes Stork's growth in onshore markets and its commitment to operational excellence. Stork will support Babcock in meeting regulatory standards for quality over the contract duration, with operations led from its Aberdeen office.
Fluor Corporation (NYSE: FLR) has received a contract extension from the U.S. Department of Energy for decontamination and decommissioning work at the Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. The contract, valued at up to $690 million, adds 12 months with two 6-month options. The project encompasses environmental remediation and facility demolition, ensuring a continuity of service crucial for the site. Fluor has managed this site for over a decade, and this extension supports ongoing progress in waste management and community outreach efforts.
Fluor Corporation (NYSE: FLR) announced that JGC Holdings Corporation invested $40 million in NuScale Power LLC, where Fluor is the majority investor. This partnership aims to meet growing demand for carbon-free energy solutions. JGC will serve as a global strategic engineering, procurement, and construction partner for new small modular reactor (SMR) projects. Fluor and NuScale are working with Utah Associated Municipal Power Systems to commercialize the world’s first carbon-free SMR project.
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