Fluor Q3 revenue rises on record new awards
FLR•FLR•FLR•FLR•Fluor's third-quarter revenue rose 10% year over year to $3.70 billion, while adjusted EPS increased 13% to $0.77; both missed analyst estimates. The company reported record new awards of $10.9 billion, a 21% backlog increase and affirmed its 2026 adjusted EBITDA guidance of $500 million to $525 million.
Fluor reported third-quarter revenue of $3.70 billion, up 10% year over year and below the $4.16 billion analyst estimate. Adjusted EPS rose 13% to $0.77, also missing the $0.80 estimate; net income was $158 million and EPS was $1.16.
The company reported record new awards of $10.9 billion, including LNG Canada Phase 2 and two mining projects, and said backlog increased 21%. Fluor affirmed its 2026 adjusted EBITDA guidance of $500 million to $525 million.
Urban Solutions and Mission Solutions reported higher profit and margins due to improved project performance and milestone achievements. Energy Solutions segment profit benefited from a $73 million gain on the sale of its ICA-Fluor joint venture interest.
