Every material Form 8-K Fluor filed with the SEC in 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Fluor filing is on SEC EDGAR ↗. 8-K briefs of other companies →