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Dec 31, 2024
Fluor Q4 2024 Earnings Report
Fluor reported strong earnings in Q4 2024, driven by a significant gain from the NuScale investment deconsolidation.
Key Takeaways
Fluor Corporation posted revenue of $4.26 billion in Q4 2024, reflecting a 12% YoY growth. Net income surged to $1.86 billion, primarily due to a $1.6 billion gain from the NuScale investment deconsolidation. Adjusted EPS was $0.48. New awards totaled $2.3 billion, significantly lower than the prior year's $7.6 billion.
Revenue increased 12% YoY to $4.26 billion.
Net income reached $1.86 billion, driven by a $1.6 billion gain from NuScale deconsolidation.
Adjusted EPS was $0.48, down from $0.68 in Q4 2023.
New awards fell significantly to $2.3 billion from $7.6 billion in Q4 2023.
Revenue by Segment
Forward Guidance
Fluor expects a strong 2025 performance with adjusted EPS guidance of $2.25 - $2.75 and adjusted EBITDA guidance of $575M - $675M.
Positive Outlook
- Adjusted EPS guidance set at $2.25 - $2.75.
- Adjusted EBITDA guidance set at $575M - $675M.
- Continued backlog strength at $28.5 billion.
- Increased reimbursable contracts to 79% of backlog.
- Upcoming strategy update event on April 2, 2025.
Challenges Ahead
- No GAAP EPS or net income guidance provided.
- New awards significantly lower than last year.
- Decline in Energy Solutions segment profitability.
- Backlog declined 3% YoY.
- Potential legal liabilities from past projects.
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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