Fluor

Fluor helps build and manage large projects for energy, government, and industry clients. Its services make complex construction and maintenance easier for companies and public agencies. For example, Fluor designs power plants and manages mining operations worldwide.

Building Blocks: What Fluor Sells

• Energy Solutions (36.6%): Engineering and construction for oil, gas, chemicals, and low-carbon energy projects, including renewables and nuclear.
• Mission Solutions (15.9%): Technical and operational support for U.S. and foreign governments, including nuclear security and disaster recovery.
• Other (3.1%): Research and commercialization of small modular nuclear reactors and unionized construction services.
• Staffing Services: Provides skilled workers for technical and craft roles on a contract or permanent basis.

Growth Spurts: How Fluor Has Expanded

• Divested Stork operations in continental Europe (Q1 2024) and U.K. (Q1 2025); closed Stork Trinidad and Tobago.
• Deconsolidated NuScale (small modular reactor business) in October 2024, recording a $1.6 billion pre-tax gain.
• Expanded share repurchase program by 20 million shares in November 2024; repurchased $125 million in December 2024.
• Reduced facility footprint by 52% in 2024, including exit from Sugar Land, Texas.
• Entered new energy transition markets, including hydrogen and carbon capture, through Energy Solutions segment.

Why Fluor Stands Out in a Crowd

Fluor operates globally, with 55% of its project backlog outside the U.S. It manages risk by using mostly reimbursable contracts, which limit fixed-price exposure. The company’s broad industry coverage helps balance market ups and downs.

Five Things You Need to Know

• Revenue was $16.3 billion in 2024, up 5.4% from 2023.
• Urban Solutions segment grew 37.6% year-over-year in 2024.
• Backlog was $28.5 billion at year-end 2024, down 3.3% from 2023.
• Operating cash flow reached $828 million in 2024, up from $212 million in 2023.
• International projects made up 55% of backlog at end of 2024.

Bottom Line

Fluor has evolved by diversifying across industries and geographies. Its focus on risk management and global reach supports stability in changing markets.