FLUOR CORP 8K

Fluor Corporation reported stronger Q2 2026 results, completed the sale of its Mexico JV and NuScale monetization, returned significant capital to shareholders, and modestly reduced full-year adjusted EBITDA guidance due to the JV divestiture.

Fluor Corporation reported its second quarter 2026 financial results for the period ended June 30, 2026, highlighting 9% year-over-year revenue growth to $4.3 billion, GAAP net earnings attributable to Fluor of $114 million, adjusted EBITDA of $149 million, and strong new awards of $6.1 billion that increased ending backlog to $26.9 billion with 85% reimbursable work. The company completed the monetization of its NuScale investment in April and a $175 million divestiture of its Mexico joint venture, using part of the proceeds to return $300 million to shareholders via share repurchases in the quarter (and $816 million in the first half), while holding $3.0 billion in cash and marketable securities at quarter-end. Due to the sale of the Mexico JV, Fluor narrowed and reduced its 2026 adjusted EBITDA guidance from $525–$560 million to $500–$525 million, removing the previously expected second-half contribution from that JV. Segment results showed improved profitability in Urban Solutions, Energy Solutions, and Mission Solutions, despite cost growth on the Gordie Howe International Bridge project, and the company provided detailed reconciliations of non-GAAP measures and reiterated its focus on disciplined growth, strategic capital allocation, and long-term value creation.

Filing Facts

CIK

1124198

Ticker

-

Form

8K

Source Type

sec

Accession

0001124198-26-000074

Alert Tier

7