Fluor Q2 2024 Earnings Report
Key Takeaways
Fluor Corporation reported a 7% increase in revenue to $4.2 billion for Q2 2024. Net earnings attributable to Fluor were $169 million, or $0.97 per diluted share. The company affirms its adjusted EPS guidance of $2.50 to $3.00 per share and tightens 2024 adjusted EBITDA guidance from $600 to $700 million to $625 to $675 million.
Q2 2024 revenue increased by 7% year-over-year to $4.2 billion.
Net earnings attributable to Fluor for Q2 2024 were $169 million, or $0.97 per diluted share.
Q2 operating cash flow was strong at $282 million, leading to an increased 2024 cash guidance range of $500 to $600 million.
The company affirmed its 2024 adjusted EPS guidance and tightened adjusted EBITDA guidance.
Fluor
Fluor
Forward Guidance
The company affirms its adjusted EPS guidance of $2.50 to $3.00 per share and tightens 2024 adjusted EBITDA guidance from $600 to $700 million to $625 to $675 million. Guidance reflects strong execution on the non-legacy portfolio, progress on entitlement negotiations, and considerable opportunities in Urban and Energy Solutions.
Positive Outlook
- Strong execution on the non-legacy portfolio
- Progress on entitlement negotiations
- Considerable opportunities in Urban Solutions
- Considerable opportunities in Energy Solutions