Earnings Releases·Nov 6, 2026, 7:04 AM ET

Fluor Corporation — Third Quarter 2026 Earnings Summary

Reported Q3 revenue of $3.7 billion (+10% YoY) and GAAP net earnings of $158 million (vs. $697 million loss YoY), driven by a $73 million pre-tax gain on the ICA-Fluor sale; Adjusted EPS rose 13% YoY to $0.77.
Achieved record quarterly new awards of $10.9 billion (vs. $3.3 billion prior year), pushing total backlog to a decade-high $34.3 billion (+21% YoY) with a 2.9x book-to-burn ratio.
Affirmed 2026 adjusted EBITDA guidance of $500 million to $525 million; no forward-looking guidance provided for U.S. GAAP net earnings or EPS.
Executed $300 million in share repurchases during the quarter, bringing year-to-date buybacks to $1.1 billion toward the $1.4 billion 2026 target.
Segment performance varied: Energy Solutions revenue surged 159% to $679 million following prior-year Santos adjustments, while Urban Solutions and Mission Solutions reported segment profit increases of 64% and 62% respectively.