Fluor Corporation (FLR) Earnings Call Transcripts

Fluor Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Fluor Corporation reported consolidated revenue of $2.7 billion and an adjusted EPS of $0.14, reflecting a significant decline from $0.73 in the same period last year. The company narrowed its full-year adjusted EBITDA guidance to a range of $525 million to $560 million, down from a previous range of $525 million to $585 million, primarily due to a $37 million charge related to a mining project and increased G&A costs. Management highlighted a strong prospect pipeline with potential revenue exceeding $60 billion, signaling confidence in future growth despite geopolitical challenges in the Middle East.

Reported metrics

Guidance from management

Fluor narrowed its full-year adjusted EBITDA guidance to $525 million to $560 million, down from a previous range of $525 million to $585 million, reflecting ongoing operational challenges and geopolitical risks.

What management said

Yes. So the big 3 projects, the 3 projects that we closed out were a project in China, a project in Kazakhstan and of course, the project in Canada. And the tailwinds for those were really a function of the timing, particularly in Canada on some of the closeout items, probably created a little bit of a tailwind to the guide, but certainly in line with our expectations for the full year. And I think the same can be sa...

Andy, you are correct. The sawtooth effect that you're referring to, we did see a little bit of a negative sawtooth impact in the quarter. It was probably less than a $10 million impact that we will recapture across the balance of '26. So it would also be a bridging item in getting from Q1 run rate to the full year guide. But it is -- it wasn't so substantial and worthy of mention, but about a $10 million-ish impact ...

What analysts pressed on

Analysts expressed concerns regarding the feasibility of achieving the new midpoint of adjusted EBITDA guidance, given the significant ramp-up required in the remaining quarters. There were also questions about the impact of geopolitical tensions on project timelines and capital spending.

Main topics on the call

• Revenue and EPS Decline — Fluor reported Q1 revenue of $2.7 billion, with adjusted EPS at $0.14, down from $0.73 in Q1 2025. Management noted, 'Our adjusted EBITDA for Q1 was $60 million compared to $155 million a year ago.'
• Narrowed Guidance — The company narrowed its full-year adjusted EBITDA guidance to $525 million to $560 million, citing 'discrete items in mining' and ongoing operational challenges. This adjustment reflects a cautious outlook amid geopolit...
• Strong Prospect Pipeline — Fluor's prospect pipeline has increased by 50% over the past year, with over $60 billion in potential backlog. Management stated, 'We're tracking additional prospects, representing another $40 billion in potential over t...
• New Awards Performance — The company secured $2.7 billion in new awards during the quarter, with 98% being reimbursable. Margins on new awards were reported to be 200 basis points higher than the current backlog, indicating improved project sele...

Read the full Fluor Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Fluor Corporation earnings call transcripts on record, spanning February 18, 2020 to August 7, 2026. Based on this history, Fluor Corporation reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FLR

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Construction and Engineering

Calls on record

33

First call

February 18, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly