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Fluor Delivers Mixed Q2 Results, CEO Confident In Growth Strategy And Shareholder Returns
Fluor Corp (NYSE:FLR) reported second-quarter fiscal 2024 revenue growth of 7.3% year over year to $4.227 billion, missing the consensus of $4.360 billion.
Sales by segment: Energy Solutions $1.595 billion (-7.3% Y/Y), Urban Solutions $1.83 billion (+52.3% Y/Y), Mission Solutions $704 million (-0.14% Y/Y) and Others $97 million (-68.8% Y/Y).
FLR recorded a total segment profit of $194 million, compared to $191 million a year ago. The margin contracted 20 bps to 4.6%.
Adjusted EPS improved to $0.85 from $0.76 a year ago, beating the consensus of ...