NYSE$FLR
Fluor Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported strong performance from Energy Solutions and Urban Solutions, with revenue increase and raised adjusted EPS guidance.
Fluor Corporation reported a strong second quarter with a 20% increase in revenue to $3.9 billion and net earnings of $61 million. The company raised its full year adjusted EPS guidance and tightened its adjusted EBITDA guidance, reflecting confidence in its strategic direction and the demand for its services.
- Q2 2023 net earnings attributable to Fluor of $61 million reflects strong performance from Energy Solutions and Urban Solutions
- Q2 2023 diluted earnings per share (EPS) of $0.35; adjusted diluted EPS of $0.76
- Q2 2023 revenue of $3.9 billion, an increase of 20% compared to prior year
- New awards of $3.7 billion, 70% reimbursable
Headline financials
Revenue & EPS history
Fluor · Revenue · Quarterly
$3.94B
Revenue by segment
Fluor · $3.94B total across 4 segments · Q2 2023
- Energy Solutions$1.72B+29.4%43.7%
- Urban Solutions$1.2B+19.6%30.5%
- Mission Solutions$705M+28.9%17.9%
- Other$311M-25.4%7.9%
Forward guidance
Fluor is increasing its full year adjusted EPS guidance from $1.50 to $1.90 per diluted share to a range of $2.00 to $2.30 per diluted share. The company is also tightening its full year adjusted EBITDA guidance from the previous range of $450 to $600 million to an updated range of $500 to $600 million.
Tailwinds
- Strong underlying performance of our non-legacy portfolio
- Achieving as-sold margins on large Energy Solutions projects
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-1.8%
Avg return
Earnings day
-2.7%
Avg return
5 days after
+1.7%
Avg return
30 days after
40%
29 / 73 earnings
Positive
+14.1%
Q3 2021
Best reaction
-30.3%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -11.8% | -6.9% | |
| Q4 2025 | +7.0% | +18.1% | +5.3% | |
| Q3 2025 | +2.7% | +2.6% | -1.4% | |
| Q1 2025 | -0.1% | -2.7% | +16.2% | |
| Q4 2024 | -8.4% | -13.1% | -13.2% | |
| Q3 2024 | -15.5% | -14.6% | -5.3% | |
| Q2 2024 | -2.6% | -1.6% | +5.5% | |
| Q1 2024 | -5.4% | -7.0% | +5.2% | |
| Q4 2023 | -15.0% | -12.0% | -2.8% | |
| Q3 2023 | +2.7% | -1.1% | +12.6% | |
| Q2 2023 | +10.1% | +13.6% | +14.8% | |
| Q1 2023 | -0.6% | -1.8% | +7.7% | |
| Q4 2022 | -2.8% | -2.4% | -19.8% | |
| Q3 2022 | +13.6% | +7.4% | +19.3% | |
| Q2 2022 | -3.4% | +1.2% | +1.1% | |
| Q1 2022 | -3.2% | +0.8% | +9.4% | |
| Q4 2021 | +0.0% | +3.9% | +43.2% | |
| Q3 2021 | +14.1% | +9.8% | +10.6% | |
| Q2 2021 | +3.3% | +9.4% | -0.8% | |
| Q1 2021 | -0.1% | -2.5% | -17.3% | |
| Q4 2020 | -13.3% | -9.2% | +12.2% | |
| Q3 2020 | -8.1% | -5.7% | -4.0% | |
| Q2 2020 | +0.1% | +4.7% | +25.4% | |
| Q1 2020 | +4.5% | -3.4% | +33.2% | |
| Q4 2019 | -2.1% | -5.8% | +30.5% | |
| Q3 2019 | -4.0% | -1.1% | -10.0% | |
| Q2 2019 | -30.3% | -36.2% | -45.6% | |
| Q1 2019 | -25.1% | -24.6% | -29.2% | |
| Q4 2018 | +1.8% | +1.6% | -5.6% | |
| Q3 2018 | +4.8% | +9.8% | -6.7% | |
| Q2 2018 | +8.9% | +10.3% | +12.4% | |
| Q1 2018 | -22.1% | -24.0% | -16.6% | |
| Q4 2017 | -0.3% | +0.9% | -3.0% | |
| Q3 2017 | +6.6% | +9.4% | +10.8% | |
| Q2 2017 | -8.6% | -10.6% | -11.9% | |
| Q1 2017 | -6.5% | -6.1% | -11.6% | |
| Q4 2016 | +0.3% | +5.1% | -1.2% | |
| Q3 2016 | -13.0% | -13.4% | +3.8% | |
| Q2 2016 | -1.8% | -1.7% | -1.4% | |
| Q1 2016 | -4.5% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | -7.2% | — | — | |
| Q1 2015 | -3.7% | — | — | |
| Q4 2014 | +3.2% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | +6.3% | — | — | |
| Q1 2013 | +6.5% | — | — | |
| Q4 2012 | -4.1% | — | — | |
| Q3 2012 | -6.9% | — | — | |
| Q2 2012 | +4.3% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q4 2011 | +3.8% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | -5.4% | — | — | |
| Q1 2011 | -3.0% | — | — | |
| Q4 2007 | -2.6% | — | — | |
| Q4 2010 | -2.6% | — | — | |
| Q3 2010 | +10.0% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q4 2009 | -5.5% | — | — | |
| Q3 2008 | -2.2% | — | — | |
| Q3 2009 | -2.2% | — | — | |
| Q2 2009 | -7.3% | — | — | |
| Q2 2008 | +1.1% | — | — | |
| Q1 2009 | +1.1% | — | — | |
| Q4 2008 | +1.1% | — | — | |
| Q1 2008 | +1.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro