What Fluor (FLR) Said on Its Q3 Earnings Call

Fluor reported Q3 2026 profit of $158M, up from a $697M loss last year, with revenue increasing 10% YoY to $3.72B. CEO Jim Breuer highlighted 25 potential megaprojects, averaging $4.5B, in power, mining, and other sectors, with backlog up 21% YoY to $34.3B. Fluor expects earnings to grow as recent awards contribute from 2027, peaking in 2028.

Fluor has been awarded an EPC contract by TeraWulf to build a $4B data center campus in Kentucky. The project includes three buildings, with completion phases starting in late 2027. Fluor's scope covers testing and commissioning, and the project has secured Google's credit support for debt financing.

Fluor Corporation was chosen by X-Energy to provide engineering and project management services for the Cascade Advanced Energy Facility, an SMR project in Washington. The facility will use X-Energy's Xe-100 reactor technology, with a planned capacity of 320 MW, expandable to 960 MW. Fluor will recognize the contract value in Q3. According to Fluor, the project supports decarbonization goals and leverages its nuclear expertise.

Fluor Corp (FLR) reported Q3 2026 earnings with record $10.9B in new awards, a $34.3B backlog, and $186M in operating cash flow. The company highlighted strong growth but noted margin pressure and a potential $2B backlog reduction. Full-year adjusted EBITDA guidance was maintained at $500-$525M. Management discussed future opportunities in data centers, energy, and nuclear projects, as well as M&A plans for 2027.

Fluor Corporation reported Q3 2026 earnings with record new awards of $10.9 billion and a $34.3 billion backlog. Management highlighted success in mega projects and strategic supply chain engagement. Urban Solutions is involved in a multibillion-dollar copper project, while Energy Solutions is transitioning into a new growth cycle. 2027 adjusted EBITDA is projected to grow in the low double digits, with share repurchases continuing.

Fluor Corp (FLR) reported Q3 2026 earnings, highlighting record new awards of $10.9B and a backlog of $34.3B, the highest in a decade. The company expects future growth from mega projects, including a $7.5B LNG Canada contract and a multibillion-dollar copper project in South America. Fluor emphasized its ability to execute large, complex projects and its focus on shareholder value through capital allocation. Revenue for Q3 was $3.7B, up from the previous quarter.