Fluor (FLR) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Fluor delivered a disappointing finish to 2025, missing on both top and bottom lines as a $2.00 billion write-down on its NuScale investment overwhelmed an otherwise serviceable operating quarter. On an adjusted basis, the engineering and constructio… Read more Fluor delivered a disappointing finish to 2025, missing on both top and bottom lines as a $2.00 billion write-down on its NuScale investment overwhelmed an otherwise serviceable operating quarter. On an adjusted basis, the engineering and construction giant posted Q4 EPS of $0.33, falling short of the $0.35 consensus estimate by 5.71%, while revenue came in at $4.17 billion, a 5.02% miss against the $4.40 billion Wall Street expected and a 2.0% decline from the prior year. The NuScale impairment, combined with $30.00 million in legacy infrastructure cost overruns and additional reserves on a Department of Defense project, compressed Q4 adjusted EBITDA to $91.00 million from $154.00 million a year ago. The full-year picture was similarly burdened by a $643.00 million Santos litigation payment, which dragged operating cash flow to negative $387.00 million. Looking ahead, management guided 2026 adjusted EBITDA of $525.00 million to $585.00 million, backed by $1.40 billion in planned share repurchases and growing confidence in capturing significant EPC awards through 2027 as the company completes its strategic shift toward reimbursable contracts.