Fluor reported Q1 EPS of $0.14, missing the $0.66 consensus and down from $0.73 a year earlier. Revenue declined 8% to $3.66 billion, below the $3.89 billion estimate and marking the fourth consecutive quarter of revenue shortfalls.

CEO Jim Breuer highlighted a growing pipeline of awards across gas-fueled, nuclear power, refining and data center projects, underscoring potential backlog expansion despite a project charge this quarter. Management indicated that new contract wins could support revenue and margin growth in upcoming quarters.

Fluor completed the sale of its NuScale Power position, which was first acquired in 2011, capturing gains after a substantial share-price rally. The divestment reflects a strategic reallocation of capital from a successful investment back into core engineering and construction operations.