Fluor Corporation reported a significant decline in financial performance for the third quarter of 2025, with total revenue of $3.37 billion, down 17.7% from $4.09 billion in the same quarter of 2024. For the nine months ending September 30, 2025, revenue also decreased to $11.33 billion from $12.06 billion year-over-year. The company experienced a gross loss of $449 million in the latest quarter, compared to a gross profit of $88 million in the prior year. This downturn was primarily attributed to a $653 million revenue reversal related to a court ruling on a completed project in Australia, alongside reduced execution activity in the Energy Solutions segment.
The company's net loss attributable to Fluor for the third quarter was $697 million, a stark contrast to a profit of $54 million in the same quarter of the previous year. The diluted earnings per share (EPS) reflected this decline, falling to $(4.30) from $0.31. For the nine-month period, net earnings attributable to Fluor were $1.52 billion, compared to $282 million in the prior year, largely due to significant equity method earnings from NuScale, which were not present in the latest quarter.
Strategically, Fluor has made notable changes, including the sale of its Stork operations in the U.K. for $61 million and the conversion of 15 million NuScale shares into registered shares, generating $414 million in proceeds. The company plans to utilize proceeds from the NuScale shares for stock repurchases, targeting approximately $800 million in buybacks from November 2025 through February 2026. Fluor's backlog as of September 30, 2025, stood at $28.24 billion, slightly down from $28.48 billion at the end of 2024, with new awards totaling $10.83 billion for the nine-month period.
Operationally, Fluor's Urban Solutions segment saw revenue growth, driven by increased project activity in life sciences and mining. However, the Energy Solutions segment faced challenges, including the aforementioned revenue reversal and a slowdown in project execution. The Mission Solutions segment reported increased revenue due to higher project volumes, although it also faced cost-related challenges. The company’s total assets increased to $11.47 billion as of September 30, 2025, up from $9.14 billion at the end of 2024, reflecting a strategic focus on enhancing its asset base.
Looking ahead, Fluor anticipates continued challenges due to market conditions and project execution delays. The company remains focused on mitigating cost impacts and positioning itself for long-term opportunities, while also navigating the complexities of ongoing legal proceedings related to the Santos project. The effective tax rate for the third quarter was 20%, a decrease from 71% in the prior year, reflecting the impact of the court ruling and other factors. Fluor's management continues to evaluate its strategies in light of these developments, aiming to stabilize and improve financial performance in the upcoming quarters.
About FLUOR CORP
Fluor Corporation is a global professional services firm providing engineering, procurement, construction, fabrication, and project management across diverse industries including energy, infrastructure, life sciences, mining, and government. Its core value lies in delivering safe, efficient, and high-quality capital projects with a focus on innovation, market diversification, and sustainable solutions, serving clients worldwide through a broad business model emphasizing excellence in execution and risk management.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.