Fluor Corporation ( (FLR) ) has released its Q1 earnings. Here is a breakdown of the information Fluor Corporation presented to its investors.
Fluor Corporation is a global engineering and construction firm based in Irving, Texas, providing professional and technical solutions across various sectors, including energy, infrastructure, and government services. Known for its expertise in project delivery, Fluor has been a leader in the industry for over a century.
Fluor Corporation reported its first-quarter 2025 financial results, highlighting a strategic shift towards growth and execution. The company achieved a revenue of $4.0 billion, marking a 7% year-over-year increase, and maintained its guidance for 2025, despite facing a GAAP net loss attributable to mark-to-market losses on investments.
Key financial metrics for the quarter included an adjusted EBITDA of $155 million, a significant 76% increase from the previous year, and an adjusted EPS of $0.73, up 55% year-over-year. The company also reported a consolidated segment profit of $131 million, reflecting an 11% increase. However, new awards totaled $5.8 billion, a 17% decrease from the previous year, with a backlog of $28.7 billion, down 12.3% year-over-year.
Fluor’s Urban Solutions segment showed strong performance with a profit increase to $70 million, driven by new awards in life sciences and metals projects. In contrast, the Energy Solutions and Mission Solutions segments faced challenges, with profits declining due to project completions and reserves related to past projects.
Looking ahead, Fluor Corporation remains focused on enhancing operating margins through project execution excellence and risk management. The company aims to support growth in its business while maintaining its commitment to returning capital to shareholders, amidst a robust outlook for cash generation.