Fluor raises FY23 adjusted EPS view to $2.00-$2.30 from $1.50-$1.90

Consensus $1.74. The company said, “Fluor is increasing its full year adjusted EPS guidance from $1.50 to $1.90 per diluted share to a range of $2.00 to $2.30 per diluted share. The company is also tightening its full year adjusted EBITDA guidance from the previous range of $450 to $600 million to an updated range of $500 to $600 million. This revised guidance is based on the strong underlying performance of our non-legacy portfolio and achieving as-sold margins on large Energy Solutions projects. The company also reaffirms its guidance for 2026.”