Fluor Crushes Q2 Estimates, Raises Buyback Pace, but Narrows EBITDA Outlook
FLR sits 29% above its 52-week low of $39.33.
Summary
Fluor delivered a strong Q2 beat: revenue of $4.3B topped the $3.92B consensus, and adjusted EPS of $0.91 blew past the $0.70 estimate. New awards surged to $6.1B, signaling robust demand across key markets. The company returned $300M to shareholders via buybacks and completed the $175M Mexico JV sale. However, management narrowed 2026 adjusted EBITDA guidance to $500-$525M, down from $525-$560M, tempering the beat. This follows the NuScale exit and $816M in buybacks reported in the recent 10-Q, showing aggressive capital return. The backlog rose to $26.9B, providing revenue visibility. The guidance cut is a watchpoint, but the operational momentum and buyback pace are clear positives.
At the time of this announcement, FLR was trading at $50.88 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $39.33 to $54.79. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.