Fluor Corp. (FLR) Tops Q2 EPS by 23c, Lifts FY EPS Guidance

Fluor Corp. (NYSE: FLR) reported Q2 EPS of $0.32, $0.23 better than the analyst estimate of $0.09. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.2 billion.

GUIDANCE:

Fluor Corp. sees FY2021 EPS of $0.60-$0.80, versus the consensus of $0.56.

• Fluor is raising its full year adjusted EPS guidance from a range of $0.46 to $0.71 per diluted share to a range of $0.60 to $0.80 per diluted share. Initial and revised guidance reflects the impact of the higher share count and assumes a diluted share count of 170 million shares in the second half of the year. Full year adjusted net income guidance is raised from a range of $71 million to $113 million to a range of $94 million to $128 million.
• Adjusted EPS guidance excludes NuScale-related expenses and other adjustments. For the second half of 2021, we see some headwinds and inconsistency in new awards as the optimism in post-pandemic capital spending from clients is partially offset by concerns about cost growth for labor and materials.

For earnings history and earnings-related data on Fluor Corp. (FLR) click here.

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