U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 100 points on Tuesday.
Fluor Corporation (FLR) Q4 2024 Earnings Call Transcript
Fluor (FLR) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.68 per share a year ago.
Here is a bundle of five construction stocks that are set to report their quarterly earnings tomorrow. Click away to know the factors ahead of the earnings release.
FLR's fourth-quarter 2024 results are likely to reflect solid contributions from its three main segments. Click on to learn more about the stock ahead of earnings.
FLR's role in BHP's Olympic Dam project boosts its position in the mining sector.
Fluor Corporation has delivered commendable YTD returns of ~28% outperforming other mid-caps by 2x and industrial stocks by 1.6x. FLR's forward EV/EBITDA multiple is not cheap, but allowances could be made due to the sturdy operating leverage, while the FCF yield looks very compelling. A robust balance sheet and high cash levels support the likelihood of a pickup in buybacks, while the dividend too could be reinstated after 4 years.
FLR, set to benefit from its growing backlog level, wins a contract from Heidelberg Materials for the Geseke cement production facility.
FLR's stock is affected by lower contributions from the Energy Solutions unit and project delays.
A double miss on quarterly results sent investors heading for the exit lane.
FLR's third-quarter 2024 results reflect lower-than-expected contributions from the Energy Solutions segment.
Fluor Corporation (NYSE:FLR ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants David Constable - Chairman & CEO Joe Brennan - CFO Jim Breuer - COO Jason Landkamer - Head of IR Conference Call Participants Jamie Cook - Truist Securities Andy Kaplowitz - Citigroup Steven Fisher - UBS Sangita Jain - KeyBanc Capital Markets Andrew Wittmann - Robert W. Baird Michael Dudas - Vertical Research Operator Good morning, and welcome to Fluor's Third Quarter 2024 Earnings Conference Call.