Fluor Delivers Mixed Q2 Results, CEO Confident In Growth Strategy And Shareholder Returns
Portfolio Pulse from Akanksha Bakshi
Fluor Corp (NYSE:FLR) reported mixed Q2 results with revenue growth of 7.3% YoY to $4.227 billion, missing the consensus of $4.360 billion. Adjusted EPS improved to $0.85, beating the consensus of $0.68. The company reaffirmed its 2024 adjusted EPS guidance of $2.50 to $3.00 and tightened its adjusted EBITDA guidance to $625 million – $675 million. FLR shares are trading lower by 0.99% premarket.
August 02, 2024 | 12:39 pm
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Fluor Corp reported mixed Q2 results with revenue growth of 7.3% YoY to $4.227 billion, missing the consensus of $4.360 billion. Adjusted EPS improved to $0.85, beating the consensus of $0.68. The company reaffirmed its 2024 adjusted EPS guidance of $2.50 to $3.00 and tightened its adjusted EBITDA guidance to $625 million – $675 million. FLR shares are trading lower by 0.99% premarket.
The mixed Q2 results, with revenue missing consensus but adjusted EPS beating expectations, create a neutral short-term outlook. The reaffirmed 2024 guidance provides some stability, but the premarket share decline indicates investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100