Fluor Joint Venture Awarded Engineering, Procurement and Construction Management Services Contract for BHP’s Olympic Dam Smelter & Refinery Expansion Project in South Australia
Fluor Corporation (
NYSEFLR) announced today that its Mining & Metals business was awarded a joint venture contract with Hatch to perform engineering, procurement and construction management (EPCM) for BHP’s proposed Olympic Dam Smelter & Refinery Expansion Project in South Australia, which remains subject to Final Investment Decision by BHP. Fluor will recognize its undisclosed portion of the contract value in the fourth quarter of 2024.
Fluor Corporation to Hold Fourth Quarter & Year End Earnings Conference Call
Fluor Corporation (
NYSEFLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2024. The public is invited to listen to the conference call on Tuesday, February 18, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.
Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany
Fluor Corporation (
NYSEFLR) announced today that it has signed a Front-end Engineering and Design (FEED) contract with Heidelberg Materials for its GeZero project to integrate an industrial-scale carbon capture and storage solution into its cement production facility in Geseke, Germany. Fluor will recognize the undisclosed contract value in the fourth quarter of 2024.
Fluor Chief Financial Officer Joe Brennan to Retire; Company Names John Regan as New CFO
Fluor Corporation (
NYSEFLR) announced today that after more than three decades of service, Executive Vice President and Chief Financial Officer (CFO), Joe Brennan, will retire effective July 1, 2025. Fluor’s Board of Directors has appointed John Regan as his successor, effective March 1, 2025.
Fluor-led Joint Venture Receives Limited Notice to Proceed for Expansion of Nuclear Power Plant in Romania
Fluor Corporation (
NYSEFLR) announced today that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony at the United Nations COP29 climate change conference in Baku, Azerbaijan earlier today. It marks a significant milestone in Romania's advancement of sustainability and energy security for the region. The Fluor-led JV consists of Fluor, AtkinsRéalis, Sargent & Lundy and Ansaldo Nucleare.
Fluor to Participate in Upcoming Investor Conferences
Fluor Corporation (
NYSEFLR) today announced that Joe Brennan, Chief Financial Officer and Jason Landkamer, Executive Director, Investor Relations will participate in two investor conferences during the fourth quarter of 2024:
Fluor Reports Third Quarter 2024 Results
Fluor Corporation (
NYSEFLR) announced financial results for its third quarter ended September 30, 2024. Revenue for the quarter was $4.1 billion and net earnings attributable to Fluor were $54 million, or $0.31 per diluted share. Consolidated segment profit1 for the quarter was $117 million compared to $276 million profit in the third quarter of 2023. Results for the quarter reflect lower than expected contributions from the Energy Solutions segment. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $0.51.
Fluor Joint Venture Receives Notice to Proceed on Hanford Integrated Tank Disposition Contract
Fluor Corporation (
NYSEFLR) announced today that the U.S. Department of Energy (DOE) has approved Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., with Fluor and Amentum – to begin the Hanford Integrated Tank Disposition Contract. The contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting beginning in the fourth quarter of 2024.
Fluor Corporation to Hold Third Quarter Earnings Conference Call
Fluor Corporation (
NYSEFLR) will hold a conference call to review results for its third quarter ended September 30, 2024. The public is invited to listen to the conference call on Friday, November 8, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.
Fluor Announces Leadership Changes
Fluor Corporation (
NYSEFLR) announced last Friday during its second quarter earnings call the appointments of a new Chief Operating Officer (COO) and Chief Legal Officer (CLO), effective today.
Fluor Reports Second Quarter 2024 Results
Fluor Corporation (
NYSEFLR) announced financial results for its second quarter ended June 30, 2024. Revenue for the quarter was $4.2 billion and net earnings attributable to Fluor were $169 million, or $0.97 per diluted share. Consolidated segment profit1 for the quarter was $194 million compared to $191 million profit in the second quarter of 2023. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $0.85.
Fluor Awarded Contract for Next Phase of Engineering and Design for Small Modular Reactor Power Plant in Romania
Fluor Corporation (
NYSEFLR) announced today that it has signed a contract with RoPower Nuclear for Phase 2 front-end engineering and design (FEED) work at its small modular reactor (SMR) facility in Doicesti, Romania. Fluor will recognize the contract as a new award in the third quarter of 2024. Fluor completed Phase 1 FEED work in the fourth quarter of 2023.
Fluor Joint Venture Celebrates Connection of Gordie Howe International Bridge Deck
Fluor Corporation (
NYSEFLR) and its partners today celebrated the official deck connection of the Gordie Howe International Bridge spanning the Detroit River. Measuring a half-mile (853 meters), the bridge connects Windsor, Ontario, Canada, and Detroit, Michigan, United States. It is the longest cable-stayed bridge in North America and 10th longest in the world. The bridge also has the distinction of being the longest composite steel and concrete decked cable-stayed bridge in the world.
Stock Rotation is Underway: Here are the Winners Moving ForwardThe CPI report sparked a massive sector rotation; investors are shedding overbought big tech names like Microsoft and NVIDIA in favor of risk-on assets.
Fluor Joint Venture Moves One Step Closer to Completion and Startup of LNG Canada Train One with Placement of Final Weld
Fluor Corporation (
NYSEFLR) is pleased to announce completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada. This marks a pivotal moment in the construction of one of the largest energy projects in Canadian history.
Fluor Corporation to Hold Second Quarter Earnings Conference Call
Fluor Corporation (
NYSEFLR) will hold a conference call to review results for its second quarter ended June 30, 2024. The public is invited to listen to the conference call on Friday, August 2, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.
Fluor to Provide EPCM Services for Phase One of Northvolt’s Large-Scale Lithium-Ion Battery Facility in Germany
Fluor Corporation (
NYSEFLR) announced today that its Advanced Technologies & Life Sciences business has been awarded an engineering, procurement and construction management (EPCM) services contract for Phase One of Northvolt’s large-scale lithium-ion battery factory in Heide, Germany. Fluor will recognize its undisclosed portion of the total $4.8 billion (€4.5 billion) project in the second quarter of 2024.
Fluor Team Awarded National Nuclear Security Administration’s Pantex Plant Management & Operating Contract
Fluor Corporation (
NYSEFLR) announced today that the U.S. Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) selected PanTeXas Deterrence LLC – a joint venture led by a BWX Technologies, Inc. subsidiary, together with Fluor; SOC, a Day & Zimmermann Company; and The Texas A&M University System – for the management and operations of the Pantex Plant located outside of Amarillo, Texas. Following an initial term of five years, NNSA has the ability to award three additional five-year option periods. If all contract options are exercised, the contract will span 20 years at a funding level of approximately $30 billion.
Fluor to Participate in Upcoming Investor Conferences
Fluor Corporation (
NYSEFLR) today announced that management will be participating in the following investor conferences:
Fluor-led Joint Venture Breaks Ground on Phase 1 of I-35 NEX South Project in San Antonio
Fluor Corporation (
NYSEFLR) announced today that its joint venture with Austin Bridge & Road – Lone Star Constructors, NEX – has broken ground on Phase 1 of the Interstate 35 (I-35) Northeast Expansion (NEX) South project in San Antonio, Texas, for the Texas Department of Transportation (TxDOT). Fluor was awarded the $700 million design-build project in the second quarter of 2023.
Fluor Opens Second Office in India to Increase Execution Capacity
Fluor Corporation (
NYSEFLR) announced today that it has opened a new office in Vadodara, India, to support growth of its global project execution. Fluor senior management and personnel gathered today at the new location, at the Notus IT Park, to commemorate the event. Fluor has maintained a presence in India since 1995 and currently has approximately 1,600 personnel at its office in New Delhi.
Fluor Reports First Quarter 2024 Results
Fluor Corporation (
NYSEFLR) announced financial results for its first quarter ended March 31, 2024. Revenue for the quarter was $3.7 billion and net income attributable to Fluor was $59 million, or $0.34 per diluted share. Consolidated segment profit1 for the quarter was $118 million compared to a $15 million loss in the first quarter of 2023. Results for the quarter include $29 million in cost growth for a construction only subcontract executed by our joint venture entity in Mexico. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company had adjusted EBITDA1 of $88 million and adjusted earnings per diluted share1 of $0.47 for the first quarter.
Fluor and SunCoke Energy Renew Maintenance and Capital Project Contract
Fluor Corporation (
NYSEFLR) and longstanding client SunCoke Energy, Inc. (SunCoke) have announced a seven-year contract extension at its five coke plants in the United States. Fluor will recognize the undisclosed value of the contract as a new award in the first quarter of 2024.
Renewable Fuels Project in Canada Begins Production
A Fluor Corporation (
NYSEFLR) project reached a major milestone recently with the production startup of the Braya Renewable Fuels facility in Come by Chance, Newfoundland and Labrador, Canada. Fluor provided engineering and procurement (EP) services to convert the idled petroleum refinery into a modern facility that produces renewable diesel fuel from soybean oil and other low carbon intensity feedstocks.
Fluor Selected for Position on Global Contingency Services Multiple Award Contract III
Fluor Corporation (
NYSEFLR) announced today that it has been awarded a position on the Global Contingency Services Multiple Award Contract III by the United States Naval Facilities Engineering Systems Command (NAVFAC) Pacific. As one of six companies selected for the indefinite delivery/indefinite quantity contract, Fluor is eligible to compete for specific task orders with a combined value not to exceed $2 billion for up to 102 months.
