• Reported GAAP EPS of -$9.87 down -193.38% YoY • Reported revenue of $4.17B down -2.00% YoY • Fluor expects to monetize its remaining 40M NuScale shares via similar structured programs by the second quarter of 2026. Fluor is targeting approximately $1.4B in share repurchases in 2026.
Bullish
Fluor's strategic shift to reimbursable contracts, comprising 81% of its backlog, enhances risk management and project delivery. Its global market diversity and strong safety performance, with a 0.36 incident rate in 2025, position Fluor for sustained operational excellence.
Bearish
Fluor faces significant risks from contract delays and cost overruns, as evidenced by a $643M revenue reversal. Market cyclicality, intense competition, and NuScale investment volatility further pressure Fluor's profitability and financial stability.