Fluor reports Q3 2026 earnings with record new awards and strong backlog
Fluor Corp announced third‑quarter 2026 revenue of $3.72 billion, a 10% year‑over‑year increase, and net earnings of $158 million, reversing a loss from the prior year. Adjusted diluted EPS rose to $0.77 and the company recorded $10.9 billion in new awards, including a $7.5 billion LNG Canada Phase 2 contract. Backlog grew 21% to $34.3 billion, its highest level in a decade, and Fluor reaffirmed its 2026 adjusted EBITDA guidance of $500 million‑$525 million while projecting low‑double‑digit EBITDA growth for 2027.
Why it matters
The affirmed EBITDA guidance and expanding backlog suggest continued revenue growth and earnings upside, which may support the company’s share‑repurchase program. Analysts note that the record award volume strengthens Fluor’s long‑term earnings outlook.
Key facts
- 1Q3 2026 revenue was $3.72 billion, up 10% YoY. tradingview.com
- 2Net earnings attributable to Fluor were $158 million, compared with a $697 million loss a year earlier. tradingview.com
- 3Adjusted diluted EPS increased to $0.77 from $0.68. tradingview.com
- 4New awards totaled $10.9 billion, the highest quarterly total in company history. tradingview.com
- 5Backlog grew 21% YoY to $34.3 billion, the highest level this decade. tradingview.com
- 6Cash and equivalents were $3.1 billion at quarter‑end; operating cash flow was $186 million. tradingview.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.