Quarterly ResultMay 8, 2026, 06:08 AM
Fluor Q1 Net Earnings $160M, EPS $1.08; Completes NuScale Divestment
AI Summary
Fluor Corporation reported a significant turnaround in its first quarter 2026 financial results, achieving net earnings attributable to Fluor of $160 million, or $1.08 diluted EPS, compared to a net loss of $241 million, or $(1.42) diluted EPS, in the prior year. This improvement was supported by a $124 million gain from the sale of CFHI and proceeds from the divestiture of NuScale shares. However, revenue declined to $3.663 billion from $3.982 billion, and segment profits were impacted by a $96 million charge in Mission Solutions due to a court ruling and cost growth in Urban Solutions.
Key Highlights
- Fluor reported net earnings attributable to Fluor of $160 million for Q1 2026, a significant improvement from a net loss of $241 million in Q1 2025.
- Diluted EPS for Q1 2026 was $1.08, up from $(1.42) in Q1 2025.
- Revenue for Q1 2026 decreased to $3.663 billion from $3.982 billion in Q1 2025.
- The company completed the divestiture of its NuScale ownership, generating $1.35 billion in February 2026 and an additional $473 million in April 2026.
- Fluor recognized a $124 million gain on the sale of its ownership interest in CFHI.
- Mission Solutions segment profit declined due to a $96 million charge from a court ruling.
- Urban Solutions segment profit decreased by $37 million due to cost growth on a large mining joint venture project.
- Energy Solutions segment profit increased due to favorable close-out items on three projects.