FLR Earnings Prediction
The chart below shows how FLR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLR sees a -1.29% change in stock price 10 days leading up to the earnings, and a +2.10% change 10 days following the report. On the earnings day itself, the stock moves by +0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
FLR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.09B
3.31%
-3.15%
Gross Margin
2.15%
-66.03%
-48.93%
Operating Margin
1.25%
-74.59%
-58.75%
Net Margin
0.61%
-86.65%
-83.15%
EPS
0.31
-73.04%
-68.04%
No Data Available
FLR Earnings Analysis
Fluor Corporation Corporation (FLR.N) Earnings Conference Call
Positive
Robust Revenue Performance: 1. Strong Revenue Growth: Fluor reported third-quarter revenue of $4.1 billion, reflecting a robust demand across various sectors.
New Awards and Backlog: 2. Significant New Awards: The company secured $2.7 billion in new awards during the quarter, contributing to a total backlog of $31.3 billion, with 80% being reimbursable.
Urban Solutions Backlog Surge: 3. Urban Solutions Segment Growth: The Urban Solutions segment achieved a 72% increase in backlog over the past year, totaling $19 billion, driven by advanced technology and Life Sciences projects.
Cash Flow Improvement: 4. Increased Cash Flow: Operating cash inflows for Q3 were $330 million, a significant increase from $3 million in the previous year, highlighting improved cash efficiency.
Share Repurchase Program Increase: 5. Share Repurchase Program Expansion: Fluor's board authorized an increase in the share repurchase program to 30.5 million shares, reflecting confidence in the company's financial position and commitment to returning capital to shareholders.
Negative
Declining Adjusted EBITDA: 1. Declining Adjusted EBITDA: Adjusted EBITDA for Q3 2024 was $124 million, a significant drop from $216 million in Q3 2023, indicating a decline in operational efficiency and profitability.
EPS Decline Forecast: 2. Lowered EPS Guidance: The adjusted EPS for Q3 2024 was $0.51, down from $1.02 in the same quarter last year, reflecting a decrease in earnings per share due to higher effective tax rates and operational challenges.
Cost Management Challenges: 3. Increased Cost Growth: Energy Solutions segment reported $18 million in cost growth on a construction-only subcontract in Mexico, highlighting issues with project execution and cost management.
EBITDA Guidance Revision: 4. Reduced Full-Year EBITDA Guidance: The company lowered its adjusted EBITDA guidance for 2024 from a range of $625 million to $675 million to a new range of $525 million to $575 million, indicating a downward revision in expected profitability.
Legacy Project Backlog Reduction: 5. Legacy Project Backlog Decline: The backlog of legacy projects has declined to $859 million, down from previous levels, suggesting challenges in project completion and future revenue generation.
FLR FAQs
How does FLR typically perform around its earnings report dates?
Is Fluor Corporation (FLR) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FLR Earning Call Sentiment
Fluor Corporation (FLR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FLR.N
-4.79%Positive
The earnings call reveals mixed signals: the share repurchase program and strong backlog are positive, but revenue and EPS declines, lower margins, and project delays temper enthusiasm. The Q&A highlights management's confidence in future revenue and strategic partnerships, but also uncertainty in achieving EBITDA targets and delayed profit recognition. The market may react neutrally as positives and negatives balance out, with no strong catalyst for significant price movement.
