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 (NYSE: FLR) has secured a contract with RoPower Nuclear for Phase 2 front-end engineering and design (FEED) work at a small modular reactor (SMR) facility in Doicesti, Romania. The project will utilize NuScale Power's SMR technology to generate carbon-free power, marking a significant milestone in Romania's clean energy initiatives. The contract signing ceremony was attended by high-level officials from Romania and the U.S., emphasizing bilateral cooperation.
Fluor's Phase 2 FEED work will customize a six-reactor SMR power plant capable of producing up to 462 megawatts, adhering to European codes and standards. This facility will be the first of its kind in Europe, showcasing Fluor's expertise in next-generation nuclear power deployment.
Fluor (NYSE: FLR) and its partners have celebrated the official deck connection of the Gordie Howe International Bridge, spanning the Detroit River. The bridge, measuring 853 meters, connects Windsor, Ontario, and Detroit, Michigan, making it the longest cable-stayed bridge in North America and the 10th longest globally. It's also the world's longest composite steel and concrete decked cable-stayed bridge.
The project, undertaken by Bridging North America (BNA), a joint venture including Fluor, began construction in 2018. The bridge will feature six lanes of traffic, two ports of entry, a multi-use path, and connections to I-75. Scheduled to open in fall 2025, Fluor and ACS will operate and maintain the facility for 30 years post-completion.
Fluor (NYSE: FLR) announces the completion of the final weld on the first production train at the LNG Canada project in Kitimat, British Columbia. This milestone marks significant progress in one of Canada's largest energy projects, with over 380 welders contributing since 2018.
The JGC-Fluor joint venture, responsible for various project aspects including engineering and construction, is now closer to introducing gas and commencing operations. LNG Canada, a collaboration among Shell, Petronas, PetroChina, Mitsubishi, and Korea Gas, is expected to produce 12.7 metric tonnes of LNG annually, with the first shipment slated for mid-2025. Fluor, with 34,000 employees and $15.5 billion in 2023 revenue, continues to lead in delivering capital-efficient projects globally.
Fluor (NYSE: FLR) will host a conference call to discuss its second-quarter financial results for the period ending June 30, 2024. The call will take place on August 2, 2024, at 8:30 a.m. Eastern, led by Chairman and CEO David Constable and CFO Joe Brennan. Financial results will be announced before the market opens on the same day. The live webcast and accompanying slides will be accessible at investor.fluor.com, with a replay available for 30 days. The call can also be accessed via telephone at +1 888-800-3960 (U.S./Canada) or +1 646-307-1852 using conference ID 4438700.
Fluor (NYSE: FLR) announced its Advanced Technologies & Life Sciences business has secured an EPCM contract for Phase One of Northvolt’s $4.8 billion (€4.5 billion) lithium-ion battery factory in Heide, Germany.
The project's value for Fluor will be recognized in Q2 2024, with completion scheduled for 2027. Fluor's scope includes constructing utilities and chemical units for the greenfield campus.
Northvolt, a Swedish battery manufacturer, supplies batteries for consumer products, electric vehicles, and energy storage systems. Fluor has 34,000 employees globally and reported $15.5 billion in revenue for 2023.
Fluor (NYSE: FLR) has announced that the U.S. Department of Energy’s National Nuclear Security Administration (NNSA) has selected PanTeXas Deterrence , a joint venture including Fluor, to manage and operate the Pantex Plant near Amarillo, Texas. This contract spans five years initially, with potential for three additional five-year options, totaling up to 20 years with funding of approximately $30 billion. The Pantex Plant plays a important role in maintaining the U.S. nuclear weapons stockpile and supporting various nuclear weapons programs. Fluor aims to bring its expertise to enhance safety, production, and program excellence at the plant.
Fluor (NYSE: FLR) announced its participation in several upcoming investor conferences: The KeyBanc Industrials & Basic Materials Conference on May 30 in Boston, MA, the Vertical Research Virtual SMID Innovators Conference on June 3, and the Baird 2024 Global Consumer, Technology & Services Conference on June 5 in New York, NY. Key company representatives, including Joe Brennan, CFO, and Jason Landkamer, Executive Director of Investor Relations, will engage in these events to discuss the company's strategies and performance. Fluor reported $15.5 billion in revenue for 2023 and ranks 303 in the Fortune 500. Additionally, the company has provided engineering, procurement, and construction services globally for over 110 years.
Fluor (NYSE: FLR) announced that its joint venture with Austin Bridge & Road, Lone Star Constructors, has commenced work on Phase 1 of the I-35 Northeast Expansion (NEX) South project in San Antonio, Texas. Awarded a $700 million design-build contract by the Texas Department of Transportation (TxDOT) in Q2 2023, the project aims to improve traffic flow and safety on one of Texas' busiest interstates, serving over 150,000 vehicles daily. Phase 1 includes adding three elevated lanes along a critical stretch of I-35. Completion is expected by early 2028. Fluor, with $15.5 billion in revenue for 2023, continues to bolster its reputation for delivering quality infrastructure projects.
Fluor (NYSE: FLR) has inaugurated a new office in Vadodara, India, enhancing its global project execution capabilities. This new office will support the existing operations in New Delhi, which houses approximately 1,600 personnel. The Vadodara location will add around 300 new employees, bolstering projects in various sectors such as advanced manufacturing, energy, infrastructure, and more. Dan Spinks, Senior Vice President of Global Operations for Fluor’s Energy Solutions, highlighted the strategic importance of this expansion, emphasizing the availability of a skilled workforce in the region. Fluor aims to meet client needs with safety, quality, and sustainability, reinforcing its commitment to India and global project execution excellence. Fluor reported a revenue of $15.5 billion in 2023 and ranks 303 in the Fortune 500 list.
Fluor (NYSE: FLR) reported impressive first quarter 2024 results with new awards totaling $7.0 billion and a 28% increase in ending backlog to $32.7 billion. The company plans to divest non-core businesses by the end of Q2 and affirms its 2024 adjusted EPS and adjusted EBITDA guidance. Revenue for the quarter was $3.7 billion, with a net income of $59 million or $0.34 per diluted share. Adjusted EBITDA was $88 million and adjusted earnings per diluted share were $0.47.