Every material Form 8-K Fluor has filed with the SEC since February 18, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Fluor Corporation announced its financial results for the third quarter ended September 30, 2026, reporting revenue of $3.7 billion and GAAP net earnings of $158 million. The company achieved record quarterly new awards of $10.9 billion, lifting backlog to $34.3 billion, and affirmed its full-year 2026 adjusted EBITDA guidance of $500 million to $525 million.
Revenue reached $3.7 billion for Q3 2026, up 10% year over year.
New awards totaled a record $10.9 billion in the quarter, including $7.5 billion for LNG Canada Phase 2.
Backlog increased 21% year over year to $34.3 billion as of September 30, 2026.
Share repurchases totaled $300 million during the quarter and $1.1 billion year to date.
Fluor reported second-quarter 2026 revenue of $4.3 billion, up 9% from a year earlier, and adjusted EPS of $0.91 versus $0.43. The company narrowed its 2026 adjusted EBITDA guidance to $500 million to $525 million from $525 million to $560 million, citing the removal of expected second-half contribution from its Mexico joint venture, and GAAP net earnings fell sharply from the prior year, which included a large equity method gain tied to the NuScale monetization.
Q2 2026 revenue was $4.3 billion versus $4.0 billion a year earlier; GAAP EPS was $0.81 versus $14.81, and adjusted EPS was $0.91 versus $0.43.
2026 adjusted EBITDA guidance was narrowed to $500 million to $525 million, down from $525 million to $560 million.
New awards were $6.1 billion versus $1.8 billion a year earlier, while ending backlog was $26.9 billion versus $28.2 billion.
Operating cash flow for the quarter was ($317) million, including a $357 million tax payment related to the NuScale monetization; the company repurchased $300 million of stock in the quarter and still targets $1.4 billion in repurchases for
Fluor Corporation increased its board from ten to eleven members effective August 4, 2026, and named retired Navy Admiral James F. Caldwell Jr. to the new seat. The board determined he is independent, and he joins the Audit and Governance Committees. The filing is a routine board addition and does not contain financial results or guidance.
Board size increased to eleven members effective August 4, 2026, per a July 30, 2026 board vote
Admiral James F. Caldwell Jr., U.S. Navy (retired), elected to fill the new seat effective August 4, 2026
Caldwell appointed to the Audit Committee and Governance Committee; board deemed him independent under NYSE standards
He receives standard non-employee director compensation and will sign the company's indemnification agreement
Fluor reported first-quarter 2026 results on May 8, 2026. GAAP net earnings attributable to Fluor were $160 million, or $1.08 per share, compared with a loss of $241 million a year earlier, helped by a $124 million gain on the sale of CFHI. However, revenue fell 8% to $3.6 billion, adjusted EBITDA fell to $60 million from $155 million, and the company lowered the upper end of its 2026 adjusted EBITDA guidance, which matters to shareholders because it signals weaker expected profit for the year.
Revenue was $3.6 billion, down 8% year over year; GAAP EPS was $1.08 versus a loss of $1.42 a year earlier, while adjusted EPS was $0.14 versus $0.73.
Adjusted EBITDA guidance for 2026 was narrowed to $525 million to $560 million from $525 million to $585 million, citing cost growth on a mining project in the Americas and a temporary slowdown on another project due to Middle East geopolit
Mission Solutions posted a segment loss of $71 million, which included $96 million triggered by a court ruling on a lawsuit filed in 2013.
Q1 operating cash flow was $110 million, and share repurchases totaled $516 million, with the company targeting $1.4 billion for 2026.
Fluor's subsidiary FDEE Consulting entered a consulting agreement on April 26, 2026 with Mark E. Fields, the company's former Group President, Strategic Projects. He will provide advisory services for up to six months starting April 27, 2026, at $670 per hour. The filing shows a limited, short-term arrangement with no financial figures beyond the hourly rate.
Consulting agreement dated April 26, 2026, between FDEE Consulting, Inc. and Mark E. Fields
Services at $670 per hour for up to six months, beginning April 27, 2026
Full agreement to be filed as an exhibit to the Form 10-Q for the quarter ended June 30, 2026
Fluor said Executive Chairman David E. Constable will not stand for reelection and will retire at the May 6, 2026 annual meeting. James T. Hackett, the current Lead Independent Director, will become Board Chair effective May 5, 2026, and Robert G. Card was added as a new director. The filing reports no financial results, and the leadership change is a planned succession.
David E. Constable, Executive Chairman, will retire at the annual meeting on May 6, 2026.
James T. Hackett will become Board Chair effective May 5, 2026.
Constable will provide consulting services for one year from May 6, 2026, for a fee of $525,200, paid quarterly.
Robert G. Card joined the Board effective March 4, 2026, which increased the Board to twelve members.
Fluor reported fourth-quarter and full-year 2025 results. The fourth-quarter net loss attributable to Fluor was $1.6 billion, or $(9.87) per diluted share, compared with net earnings of $1.9 billion a year earlier, reflecting a net $2 billion reduction in the valuation of its NuScale investment. For the full year, revenue was $15.5 billion, down from $16.3 billion, and the company reported a net loss of $51 million, or $(0.31) per share, including a $643 million adverse Santos ruling.
Q4 2025 net loss attributable to Fluor of $1.6 billion, or $(9.87) per diluted share, versus net earnings of $1.9 billion, or $10.57 per share, in Q4 2024.
Full-year 2025 adjusted EPS of $2.19, down from $2.32 in 2024; operating cash flow was $(387) million versus $828 million.
Fluor set 2026 adjusted EBITDA guidance of $525 million to $585 million, compared with $504 million in 2025.
Received $1.35 billion in Q1 2026 from NuScale share sales; plans $1.4 billion in share repurchases for 2026.
Fluor's board appointed Corporate Controller James P. Elliott as Chief Accounting Officer, effective February 4, 2026. The filing reports no related-party transactions and no family or selection arrangements, and it notes standard indemnification and change-in-control agreements.
Board appointed James P. Elliott, age 47, on February 3, 2026, effective February 4, 2026
Elliott has been Corporate Controller since 2025 and previously served as Director, Technical Accounting and Internal Reporting from 2019 to 2025
Company and Elliott will enter into an indemnification agreement and a change in control agreement, both previously filed as forms
Fluor reported third quarter 2025 revenue of $3.4 billion, down 18% from a year earlier, and a GAAP net loss attributable to Fluor of $697 million. The loss reflects a $653 million charge for the Santos ruling and a $401 million reduction tied to NuScale's share price, while adjusted EPS rose to $0.68 and the company raised its 2025 adjusted EPS and adjusted EBITDA guidance.
Q3 revenue was $3.4 billion, down 18% year over year, reflecting a $653 million reduction for the Santos ruling
Adjusted EPS was $0.68, up 33% year over year; GAAP EPS was ($4.30)
2025 adjusted EBITDA guidance raised to $510 million to $540 million from $475 million to $525 million
Q3 share repurchases were $70 million, with an additional $800 million targeted through February
Fluor said Group President Project Execution Mark E. Fields intends to retire in 2026 and will take the role of Group President, Strategic Projects, effective November 1, 2025, as part of succession planning. Michael E. Alexander and Pierre Bechelany will take over the Project Execution and Energy Solutions roles on the same date. The filing describes an internal reshuffle of senior operating roles and does not report any financial results or guidance changes.
Mark E. Fields notified Fluor on October 17, 2025 that he intends to retire in 2026
Fields moves to Group President, Strategic Projects, effective November 1, 2025
Michael E. Alexander moves to Group President, Project Execution, effective November 1, 2025
Pierre Bechelany moves to Business Group President, Energy Solutions, effective November 1, 2025
Fluor reported second-quarter 2025 revenue of $4.0 billion, down 6% from a year earlier, and adjusted EPS of $0.43, down 49%. The company lowered its 2025 adjusted EBITDA guidance to $475 million to $525 million from $575 million to $675 million, citing client hesitation around economic uncertainty, along with cost growth on three infrastructure projects. Reported GAAP net earnings of $2.5 billion were driven by a $3.2 billion pre-tax NuScale mark-to-market gain, so the adjusted figures and lower outlook are the more direct read on operating performance for shareholders.
Q2 revenue of $4.0 billion, down 6% year over year; adjusted EBITDA of $96 million, down 42%.
Adjusted EPS of $0.43 versus $0.85 a year earlier; GAAP EPS of $14.81 includes $3.2 billion in pre-tax NuScale mark-to-market gains.
2025 adjusted EBITDA guidance revised to $475 million to $525 million from $575 million to $675 million; adjusted EPS guidance to $1.95 to $2.15 from $2.25 to $2.75.
Q2 operating cash flow was negative $21 million; backlog was $28.2 billion, down 13% from $32.3 billion a year ago.
Fluor disclosed a $750,000 relocation bonus for CEO James R. Breuer, who took the top job effective May 1, 2025, and a consulting agreement with former CFO Joseph L. Brennan at $640 per hour for up to six months. The bonus is subject to repayment if Breuer does not relocate to the Dallas-Fort Worth area by June 30, 2026 or leaves within 24 months, so the cost is partly conditional for shareholders.
Breuer receives a $750,000 relocation assistance bonus under a letter agreement dated July 2, 2025.
Breuer must repay 100% if he does not relocate by June 30, 2026 or is terminated within 24 months of payment.
Brennan, former CFO, will provide advisory services at $640 per hour for up to six months starting July 2, 2025.
Full agreements will be filed as exhibits to the Form 10-Q for the quarter ended September 30, 2025.
Fluor's subsidiary FDEE Consulting entered a consulting agreement on June 19, 2025 with John R. Reynolds, the company's former Chief Legal Officer and Corporate Secretary. Under the agreement, Reynolds will provide advisory services for up to six months at $590 per hour. The filing describes a routine arrangement with a departed executive and does not indicate a change in company operations or financial results.
Agreement dated June 19, 2025 with former Chief Legal Officer and Corporate Secretary John R. Reynolds
Consulting rate of $590 per hour for up to six months, beginning June 19, 2025
Full agreement to be filed as an exhibit to the Form 10-Q for the quarter ended June 30, 2025
Fluor reported first-quarter 2025 results on May 2, 2025. Revenue rose 7% to $4.0 billion and adjusted EPS rose 55% to $0.73, but the company posted a GAAP net loss attributable to Fluor of $241 million, which included $477 million in mark-to-market losses on its NuScale investment. Fluor maintained its 2025 adjusted EBITDA and adjusted EPS guidance.
Revenue of $4.0 billion, up 7% year over year; GAAP EPS of ($1.42) versus adjusted EPS of $0.73
Operating cash flow was ($286) million versus ($111) million a year earlier; Q1 share repurchases were $142 million, with a 2025 target of $600 million
2025 guidance maintained: adjusted EBITDA of $575 to $675 million and adjusted EPS of $2.25 to $2.75
At the April 30, 2025 annual meeting, all 11 director nominees were elected and Ernst & Young LLP was ratified; Energy Solutions profit fell to $47 million from $68 million
Fluor Corporation said Executive Vice President and Chief Human Resources Officer Stacy L. Dillow notified the company on March 24, 2025 that she will resign, effective April 11, 2025. The filing does not name a successor or give a reason for the departure.
Stacy L. Dillow, EVP and Chief Human Resources Officer, gave notice on March 24, 2025.
Resignation takes effect April 11, 2025.
The filing does not name a replacement or state the reason for the departure.
Fluor reported fourth quarter and full year 2024 results on February 18, 2025. Revenue rose to $16.3 billion and GAAP net income attributable to Fluor reached $2.1 billion, or $12.30 per diluted share, driven by a $2.2 billion NuScale-related equity method gain, while adjusted EPS fell to $2.32 from $2.73 and new awards and backlog declined. Fluor set 2025 adjusted EBITDA guidance of $575 million to $675 million and adjusted EPS guidance of $2.25 to $2.75.
Full year 2024 revenue was $16.3 billion, up from $15.5 billion in 2023; adjusted EBITDA was $530 million, down from $613 million.
Net income reflected $2,221 million for deconsolidation and remeasurement of the NuScale investment, partly offset by a $116 million jury-verdict provision at a joint venture.
New awards were $15.1 billion versus $19.5 billion, and ending backlog was $28.5 billion versus $29.4 billion.
2025 guidance: adjusted EBITDA of $575 million to $675 million and adjusted EPS of $2.25 to $2.75 per share; Q4 share repurchases were $125 million, with $300 million planned for 2025.
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