Fluor Corporation's Q2 Earnings Call Reveals Mixed Performance and Revised Guidance

Fluor Corporation reported Q2 revenue of $4 billion and maintained a $28 billion backlog. The LNG Canada project reached a milestone, and the Urban Solutions segment reported a profit of $29 million. However, the company faced cost growth on three infrastructure projects and a reduced profit in the Energy Solutions segment due to an unexpected arbitration ruling. New awards for the quarter were $856 million, down from $2.4 billion a year ago. Fluor revised its 2025 adjusted EBITDA guidance to $475-$525 million and adjusted EPS to $1.95-$2.15.