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Sep 30, 2023
Fluor Q3 2023 Earnings Report
Fluor reported Q3 2023 results, with increased guidance for adjusted EPS and adjusted EBITDA.
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.
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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