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Mar 31, 2024
Fluor Q1 2024 Earnings Report
Fluor reported first quarter 2024 results with increased new awards and backlog.
Key Takeaways
Fluor Corporation announced first quarter 2024 results with a revenue of $3.7 billion and net income attributable to Fluor of $59 million, or $0.34 per diluted share. New awards were $7.0 billion, and ending backlog increased to $32.7 billion. The company affirms its 2024 adjusted EPS and adjusted EBITDA guidance.
New awards of $7.0 billion, 97% reimbursable.
Ending backlog increased 28% to $32.7 billion, 80% reimbursable.
Expect divestiture of non-core businesses by the end of Q2.
Company affirms its 2024 adjusted EPS and adjusted EBITDA guidance.
Revenue by Segment
Forward Guidance
The company affirms its 2024 adjusted EBITDA guidance of $600 to $700 million and adjusted EPS of $2.50 to $3.00 per share. Guidance for 2024 is based on the volume of awards received over the past 12 months, and the strength of our prospect pipeline, including significant life sciences and semiconductor opportunities.
Positive Outlook
- Volume of awards received over the past 12 months.
- Strength of prospect pipeline.
- Significant life sciences opportunities.
- Significant semiconductor opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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