Fluor Q4 2021 Earnings Report
Key Takeaways
Fluor Corporation reported a net loss from continuing operations of $145 million for the fourth quarter of 2021, or $1.21 per diluted share. However, adjusted EPS for the fourth quarter was $0.31. The company's full year new awards were $8.8 billion, and the ending backlog was $18.9 billion. The company is establishing its initial adjusted EPS guidance at a range of $1.15 to $1.40 per diluted share.
Net loss from continuing operations of $145 million, or $1.21 per diluted share in Q4 2021.
Adjusted EPS for the fourth quarter was $0.31.
Consolidated segment profit for the fourth quarter of 2021 was $137 million.
Full year new awards of $8.8 billion; ending backlog $18.9 billion.
Fluor
Fluor
Forward Guidance
Fluor is establishing its initial adjusted EPS guidance at a range of $1.15 to $1.40 per diluted share for 2022.
Positive Outlook
- Increased opportunities for new awards across all segments.
- Continued progress on the company’s cost optimization program.
- Guidance excludes NuScale related expenses
- Guidance excludes any impact from foreign currency exchange gains or losses
- Guidance excludes restructuring or impairments and certain non-recurring or unusual items.