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Sep 30, 2024
Fluor Q3 2024 Earnings Report
Reported Q3 2024 results with revenue of $4.1 billion and adjusted EPS of $0.51.
Key Takeaways
Fluor Corporation reported Q3 2024 revenue of $4.1 billion and net earnings of $54 million, or $0.31 per diluted share. Adjusted diluted EPS was $0.51. The company is tightening its full year adjusted EPS guidance from a range of $2.50 to $3.00 per diluted share to a range of $2.55 to $2.75 per diluted share and decreasing its full year adjusted EBITDA guidance from the previous range of $625 to $675 million to a range of $525 to $575 million.
Q3 2024 revenue reached $4.1 billion, with new awards totaling $2.7 billion.
Operating cash flow was strong at $330 million, leading to an increased 2024 cash flow guidance of approximately $700 million.
Diluted earnings per share (EPS) for Q3 2024 were $0.31, with an adjusted diluted EPS of $0.51.
NuScale deconsolidation is expected to result in a $1.6 billion gain in Q4.
Revenue by Segment
Forward Guidance
Fluor is tightening its full year adjusted EPS guidance from a range of $2.50 to $3.00 per diluted share to a range of $2.55 to $2.75 per diluted share. The company is also decreasing its full year adjusted EBITDA guidance from the previous range of $625 to $675 million to a range of $525 to $575 million. This revised guidance reflects the timing of revenue and cancellation of certain projects.
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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