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Jun 30, 2024
Fluor Q2 2024 Earnings Report
Reported a revenue increase and strong operating cash flow.
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.
Revenue by Segment
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
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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