• Reported GAAP EPS of $1.10 up 177.46% YoY • Reported revenue of $3.66B down -8.01% YoY • Fluor Corporation is narrowing its adjusted EBITDA guidance for 2026 to $525M, reflecting Q1 cost growth and Middle East geopolitical concerns. Fluor maintained its full-year operating cash flow guidance of $300M.
Bullish
Fluor Corporation delivered its strongest Q1 operating cash flow in nine years at $110M, boosted liquidity through strategic divestitures, and maintained a strong $25.7B reimbursable backlog.
Bearish
Fluor Corporation experienced an 8% revenue decline and a 54% drop in new awards, alongside narrowed EBITDA guidance due to project cost growth and a $71M segment loss from litigation.