Fluor Q3 2023 Earnings Report
Key Takeaways
Fluor Corporation announced Q3 2023 financial results, with revenue of $4.0 billion and net earnings attributable to Fluor of $206 million, or $1.15 per diluted share. The company is increasing its full year adjusted EPS guidance from a range of $2.00 to $2.30 per diluted share to a range of $2.50 to $2.70 per diluted share, and increasing its full year adjusted EBITDA guidance from the previous range of $500 to $600 million to an expectation of approximately $600 million.
Q3 2023 net earnings attributable to Fluor of $206 million.
Q3 2023 diluted earnings per share (EPS) of $1.15; adjusted diluted EPS of $1.02.
Q3 2023 revenue of $4.0 billion and new awards of $5.0 billion.
Company increases 2023 guidance for adjusted EPS and adjusted EBITDA.
Fluor
Fluor
Forward Guidance
Fluor is increasing its full year adjusted EPS guidance from a range of $2.00 to $2.30 per diluted share to a range of $2.50 to $2.70 per diluted share. The company is also increasing its full year adjusted EBITDA guidance from the previous range of $500 to $600 million to an expectation of approximately $600 million.
Positive Outlook
- Positive advances on large Energy Solutions projects
- Continued progress on projects in our legacy portfolio