Fluor Posts $1.57B Q4 Loss, Adjusted EPS Misses With $4.18B Revenue
Fluor reported a fourth-quarter net loss of $1.57 billion, or $9.87 per share, compared to year-ago net income of $1.86 billion and $10.57 per share. Adjusted EPS declined to $0.33 from $0.48 on revenue down to $4.18 billion, and the company set 2026 adjusted EBITDA guidance at $525–585 million.
1. Q4 Financial Results
Fluor recorded a net loss attributable to the company of $1.57 billion, or $9.87 per share, in the fourth quarter, reversing from a year-ago net income of $1.86 billion, or $10.57 per share. Revenue fell to $4.18 billion from $4.26 billion in the prior-year period.
2. Adjusted Earnings and Analyst Miss
On an adjusted basis, Fluor earned $0.33 per share, down from $0.48 in the same quarter last year. This result missed the $0.34 per-share estimate by analysts, who also anticipated revenue of $4.27 billion.
3. 2026 Adjusted EBITDA Guidance
Looking ahead, Fluor established full-year 2026 adjusted EBITDA guidance between $525 million and $585 million, reflecting the expected timing of new awards and the pace of execution on its existing project backlog.
4. Market Reaction
Shares of Fluor jumped approximately 4.9% in pre-market trading following the earnings release, as investors digested the magnitude of the fourth-quarter loss and forward guidance.