Fluor Q1 GAAP loss of $241 million on NuScale losses; revenue up 7%
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.