Companies /Industrials

Fluor Corporation

NYSE: FLR Engineering & Construction
$53.28
▼ $0.82 (−1.52%) today
Markets closed · 4:34pm ET

Q1 2026 Earnings

Reported May 8, 2026, 7:03am ET · SEC source
$0.14
Miss −77.26%
EPS · est. $0.62
$3.7B
Miss −5.92%
Revenue · est. $3.9B
+9.8%
Beating market
FLR vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−6%0+6%May 8May 8report 7:03am ETearnings+0.3%−11.0%
−12%−6%0+6%May 8May 8earnings+0.3%−11.0%
FLR −11.0%S&P 500 +0.3%
−12%−6%0+6%May 8May 8report 7:03am ETearnings+1.7%−11.0%
−12%−6%0+6%May 8May 8earnings+1.7%−11.0%
FLR −11.0%NASDAQ +1.7%
−7%0+7%May 7May 15report 7:03am ETearnings+0.3%−7.3%
−7%0+7%May 7May 15earnings+0.3%−7.3%
FLR −7.3%S&P 500 +0.3%
−7%0+7%May 7May 15report 7:03am ETearnings+1.0%−7.3%
−7%0+7%May 7May 15earnings+1.0%−7.3%
FLR −7.3%NASDAQ +1.0%
−15.21%
Day of report
+0.88%
Next session
+2.42%
One week
+8.15%
30 days

S&P 500 over the same 30 days: −1.65%.

Did FLR Beat Earnings? Q1 2026 Results

Fluor Corporation delivered a sharply disappointing first quarter for fiscal 2026, with adjusted EPS of just $0.14 missing the $0.62 consensus estimate by 77.26% and revenue of $3.66 billion falling 5.92% below expectations while declining 8.0% year-over-year. The primary culprits were a $96.00 million charge tied to a court ruling on the long-running LOGCAP qui tam lawsuit and a $37.00 million cost overrun on a mining project in the Americas, together dragging adjusted EBITDA down to $61.00 million from $155.00 million a year ago. On a GAAP basis the picture was brighter, with net earnings of $160.00 million reversing a prior-year loss of $241.00 million, aided by asset sale gains and equity method earnings. Looking ahead, management narrowed full-year 2026 adjusted EBITDA guidance to $525.00 million to $560.00 million, citing the mining charge and a temporary project slowdown from Middle East geopolitical pressures, while recent contract wins across nuclear, data centers, and mining continue to reinforce the company's longer-term pipeline.

Key Takeaways
  • Urban Solutions revenue growth driven by increased project execution activity
  • Energy Solutions segment profit up to $74 million from $47 million, driven by favorable close-out items on three projects
  • $96 million litigation charge from LOGCAP qui tam court ruling impacting Mission Solutions
  • $37 million cost overrun on a mining project in the Americas impacting Urban Solutions
  • $124 million gain on sale of CFHI fabrication yard in China
  • Operating cash flow improvement to $110 million from ($286) million, driven by JV project dividends
  • Equity method earnings of $51 million vs losses of $393 million a year ago

“I am encouraged by the significant number of new awards we secured in recent months across diverse markets, including gas-fueled and nuclear power, refining, data centers, mining, and uranium enrichment. Our pipeline of work is expanding, and we see compelling opportunities across each of our core markets.”

Fluor CEO, on the earnings call

Forward Guidance & Outlook

Fluor narrowed its full-year 2026 adjusted EBITDA guidance from $525–$585 million to $525–$560 million, reflecting Q1 cost growth on a mining project in the Americas and a temporary slowdown on another project due to Middle East geopolitical concerns. The rest of the business continues to deliver at or above expectations. Full-year operating cash flow guidance of $300 million is maintained. The company is targeting $1.4 billion in share repurchases for 2026. No forward-looking GAAP EPS guidance is provided.

FLR YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$4.0B$3.7BRevenue$60.1M$160.0MNet Income
$0$2.0B$4.0BRevenueNet Income

FLR Revenue by Segment

Urban Solutions$2.4B+13.0%
Energy Solutions$703.0M−41.7%
Mission Solutions$523.0M−12.4%

Figures from SEC filings and company reports. Not investment advice.