Fluor Corp SEC Filings

Fluor Corp group president Michael E. Alexander filed an amended insider report to correct a prior filing. The amendment adds the issuer’s withholding of 1,463 shares of common stock at $45.08 per share to satisfy tax obligations from the vesting of 6,001 restricted stock units on March 6, 2026.

The shares were withheld automatically when the units vested, so no investment decision was made by Alexander. Following this correction, he directly owns 66,523.1910 shares of Fluor common stock.

Fluor Corp executive Nicole Davies filed an amended Form 4 to correct a prior insider report. The amendment adds the issuer’s withholding of 1,014 shares of common stock at $45.08 per share to satisfy tax obligations from the vesting of 3,687 restricted stock units on March 6, 2026.

The withholding occurred automatically upon vesting, so no investment decision was made by Davies. After this tax-withholding disposition, she directly owned 25,609 shares of Fluor common stock.

FLUOR CORP Chief HR Officer Tracey H. Cook filed an amended insider report to add an omitted tax-withholding transaction. On March 6, 2026, 994 restricted stock units vested, and 295 shares of common stock were automatically withheld to cover related tax obligations.

The filing notes this withholding occurred automatically upon vesting, so no investment decision or open-market trade was made by Cook. As of the original report date, Cook directly owned 17,147 shares of Fluor common stock.

Fluor Corp Group President Pierre Edward Bechelany reported an automatic tax-withholding share disposition tied to restricted stock unit vesting. On March 6, 2026, 7,658 restricted stock units vested, and the company withheld 1,929 shares of common stock at $45.08 per share to cover related taxes. The footnote explains this withholding occurred automatically upon vesting and involved no investment decision by Bechelany. After the transaction, he directly owned 41,064 shares of Fluor common stock.

Fluor Corporation reported mixed first-quarter 2026 results, highlighted by strong cash generation but weaker underlying profit. Revenue was $3.66 billion, down 8% year over year. GAAP net earnings attributable to Fluor were $160 million, a sharp improvement from a $241 million loss a year earlier, helped by a $124 million gain on the sale of CFHI and $51 million of equity method earnings.

Underlying performance softened: consolidated segment profit was $8 million versus $131 million, adjusted EBITDA was $61 million versus $155 million, and adjusted EPS was $0.14 versus $0.73. Urban Solutions profit fell to $6 million, partly due to a $37 million cost increase on a mining project, while Mission Solutions posted a $71 million loss, including a $96 million litigation impact. Energy Solutions profit rose to $74 million on favorable close-out items.

Cash flow and the balance sheet strengthened. Operating cash flow was $110 million, compared with a $286 million outflow a year ago, and cash and marketable securities reached $3.2 billion. Fluor generated $2.4 billion in proceeds from selling its NuScale investment since September 2025, executed $516 million of share repurchases in the quarter, and completed a $124 million divestiture of a fabrication yard in China.

The company narrowed its 2026 adjusted EBITDA guidance range to $525–$560 million from $525–$585 million, citing a Q1 cost growth on a mining project in the Americas and a temporary slowdown on another project tied to Middle East geopolitical concerns. Backlog stood at $25.7 billion, with 82% reimbursable, and new awards in the quarter totaled $2.7 billion. At the annual meeting, shareholders re-elected ten directors, approved executive compensation on an advisory basis, and ratified Ernst & Young LLP as the independent auditor for 2026.

Fluor Corporation reported results for the three months ended March 31, 2026, with net earnings attributable to Fluor of $160 million compared with a loss of $241 million in 2025. Basic EPS was $1.10 versus a loss of $1.42 per share.

Revenue was $3.66 billion, down from $3.98 billion, as several major projects neared completion, and total segment profit fell to $8 million from $131 million due to a $96 million Mission Solutions legal charge and $37 million of cost growth on a large mining joint venture project.

Results were supported by a $124 million gain on the sale of CFHI and equity method earnings of $51 million, including a $176 million gain on NuScale forward sale contracts that more than offset NuScale fair value losses. Operating cash flow improved to $110 million from a use of $286 million.

Fluor completed or advanced the divestiture of its NuScale stake, generating $1.35 billion of proceeds in February 2026 and an additional $473 million in April 2026, and sold CFHI for $124 million. Cash and cash equivalents reached $3.19 billion, while total backlog was stable at $25.73 billion and remaining unsatisfied performance obligations were $24.53 billion.

During the quarter, the company repurchased about 11.2 million shares for $516 million, and the Board expanded the authorization to 96 million shares, leaving over 28 million shares available. Fluor also recorded a charge reflecting a federal jury’s $15 million False Claims Act damages verdict, related attorneys’ fees and other estimated amounts, and disclosed new NuScale- and Fluor-related securities litigation.

Fluor Corporation has engaged its former Group President, Strategic Projects, Mark E. Fields, as a consultant through its wholly owned subsidiary FDEE Consulting, Inc.

Under a new Consulting Agreement dated April 26, 2026, Mr. Fields will provide advisory and consultation services starting April 27, 2026, at a rate of $670 per hour for a period of up to six months. The company plans to file the full Consulting Agreement as an exhibit to its quarterly report on Form 10-Q for the quarter ended June 30, 2026, giving more detail on his role and terms.

Fluor Corp ownership reported by Vanguard Capital Management: 7,933,156 shares, representing 5.54% of common stock as of 03/31/2026. The filer reports sole voting power for 1,200,509 shares and sole dispositive power for 7,933,156 shares. The filing is signed on 04/29/2026 by Ashley Grim.

Fluor Corporation has fully exited its equity stake in NuScale Power Corporation. On April 23, 2026, the company completed the sale of its remaining 40 million NuScale shares, generating gross proceeds of $473 million.

Fluor states that it invested a total of $570 million in NuScale and has generated approximately $2.43 billion in open market sales of NuScale shares since September 2025, highlighting the financial scale of this investment and its monetization.