8/106 sources · 5 publishersUpdated Nov 6, 21:55 UTC
Fluor posts record quarterly awards and maintains 2026 EBITDA outlook
Fluor reported third-quarter revenue of $3.72B, up 10.5% year over year, alongside $10.9B in new awards. Backlog rose 21% year over year to $34.3B, and the company maintained its full-year 2026 adjusted EBITDA guidance of $500M-$525M. Third-quarter operating cash flow was $186M.
Why it matters
The record awards and larger backlog expand Fluor’s contracted work base while leaving its 2026 adjusted EBITDA outlook unchanged. Management said a client scope change could remove about $2 billion from backlog in the fourth quarter, with the final amount still being assessed.
Key facts
- 1Fluor’s third-quarter revenue was $3.72B, representing 10.5% year-over-year growth. tradingview.com
- 2New awards totaled $10.9B in the quarter. tradingview.com
- 3Backlog increased 21% year over year to $34.3B. tradingview.com
- 4The company maintained 2026 adjusted EBITDA guidance of $500M-$525M. rttnews.com
- 5Third-quarter operating cash flow was $186M. finance.yahoo.com
Open questions
- The materials conflict on third-quarter GAAP EPS, reporting $4.30 in one account and $1.16 in another.
- Management’s potential $2 billion fourth-quarter backlog reduction remains under evaluation and is presented in only one material.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.