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) announced a 2-year contract extension for Stork, a Fluor company, by Chrysaor Holdings Limited. This agreement will provide offshore integrated specialist asset integrity services for the Armada, Everest, and Lomond platforms in the UK North Sea. Stork has been delivering asset integrity solutions to these platforms since 2014. The contract aims to enhance the life cycle of these offshore assets and support safe and efficient operations.
Fluor Corporation (NYSE: FLR) announced the opening of the new U.S. Highway 183 South in Austin, completed by its joint venture, Colorado River Constructors, with Balfour Beatty Infrastructure. The project, awarded in 2015, involved a $581 million contract to design and reconstruct 8 miles of highway. Enhancements include six new tolled lanes, five grade-separated interchanges, 38 bridges, and intelligent traffic management systems, catering to over 60,000 vehicles daily. Fluor's ongoing projects in Texas further bolster its commitment to regional infrastructure development.
Fluor Corporation (NYSE: FLR) reported a net loss of $294 million for 2020, significantly improved from a loss of $1.5 billion in 2019. Consolidated segment profit was $317 million, a turnaround from a loss of $186 million in the previous year. The company’s backlog reached $25.6 billion with new awards amounting to $9.0 billion. A new $1.65 billion credit facility was established, enhancing liquidity. For 2021, Fluor anticipates adjusted EPS between $0.50 and $0.80, driven by post-pandemic capital spending recovery.
Fluor Corporation (NYSE: FLR) has announced the completion of phase one of the Port Access Road in Charleston, South Carolina, in collaboration with The Lane Construction Corporation. This new roadway enhances direct access between the Hugh Leatherman Port Terminal and Interstate 26, facilitating efficient goods transportation. The elevated viaduct structure includes a fully directional interchange and local roadway enhancements. The second project phase is expected to conclude by the year's end. Construction began in 2016, highlighting Fluor's commitment to infrastructure development.
Fluor Corporation (NYSE: FLR) announced its new strategy at the 2021 Strategy Day event, aiming to lead professional and technical solutions while enhancing shareholder value. CEO David Constable emphasized a focus on sustainable outcomes. The strategy includes four priorities: driving growth from non-traditional sectors, improving backlog quality, maintaining financial discipline, and fostering a diverse, high-performance culture. Fluor aims for 70% of revenue from non-oil and gas segments by 2023, with plans for a debt-to-capitalization ratio of 20-40% by 2024, targeting earnings per share of $3.00 to $3.50.
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Fluor Corporation (NYSE: FLR) will host a conference call on February 26, 2021, at 8:30 a.m. Eastern time to discuss financial results for Q4 and the full year ending December 31, 2020. CEO David Constable and CFO Joe Brennan will present the results, which will be disclosed before market opening. The public can access the live webcast and replay at investor.fluor.com. Fluor reported $17.3 billion in revenue for 2019 and offers engineering and construction services globally.
Fluor Corporation (NYSE: FLR) has secured a cost-reimbursable development agreement from Utah Associated Municipal Power Systems (UAMPS) for its Carbon-Free Power Project. This agreement will see Fluor provide estimating, design, and engineering services, with the initial value to be booked in Q1 2021. The project aims to deliver clean, reliable energy using NuScale Power’s small modular reactor technology. Additionally, UAMPS has received a $1.355 billion cost-share award from the U.S. Department of Energy to support this groundbreaking nuclear initiative.
Fluor Corporation (NYSE: FLR) has announced a revamped organizational structure aimed at aligning its operations with growth markets. Effective Q1 2021, Fluor will operate in three segments: Energy Solutions, Urban Solutions, and Mission Solutions. The company plans to divest its maintenance services segment, Stork, deeming it not aligned with its core portfolio. This strategic shift aims to enhance operational focus and efficiency as Fluor continues to serve federal and international clients.
Fluor Corporation (NYSE: FLR) is hosting a virtual strategy day for analysts and investors on January 28, from 9 a.m. to 11:30 a.m. EST. CEO David Constable and senior management will present their new strategy aimed at enhancing long-term shareholder value. A live Q&A session will follow the presentations. Participants can access the webcast and presentation slides at investor.fluor.com. A replay will be available after the event.
Fluor is a global leader in engineering, with a revenue of $17.3 billion in 2019.