Fluor Swings to $160M Q1 Profit, Narrows 2026 EBITDA Guidance
FLR•Fluor reported Q1 net income of $160 million versus a $241 million loss in Q1 2025, delivering EPS of $1.08 compared with a $1.42 loss. Revenue declined to $3.66 billion from $3.98 billion, adjusted EBITDA fell to $61 million from $155 million, and 2026 EBITDA guidance was narrowed to $525–560 million.
1. Q1 Financial Results
Fluor posted first quarter net income of $160 million, reversing a $241 million loss in Q1 2025, and reported EPS of $1.08 versus a loss of $1.42 per share.
2. Adjusted EBITDA and EPS
Adjusted EBITDA decreased to $61 million from $155 million year-over-year, while adjusted EPS fell to $0.14 from $0.73, reflecting margin pressure and cost challenges on its projects.
3. 2026 Guidance Narrowed
The company narrowed its 2026 adjusted EBITDA guidance to a range of $525 million to $560 million from a prior $525 million to $585 million corridor, signaling a more cautious outlook.
4. Market Reaction
In pre-market trading, Fluor shares dipped 2.85% to $49.62, as investors weighed the profitability turnaround against weaker margins and constrained guidance.
