Fluor Corporation net worth highlights the company’s financial health and its growth trajectory in 2024. At Ando Money, we dive into Fluor’s revenue, key segments, and performance.
Let’s explore how this engineering giant stands in today’s competitive market and the various elements shaping its financial structure.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Fluor Corporation |
| Full Name | Fluor Corporation |
| Website | www.fluor.com |
| Industry | Engineering, Construction, Procurement |
| Traded as | NYSE: FLR |
| ISIN | N/A |
| Founded | 1912 |
| Founders | John Simon Fluor |
| Country/Territory | United States |
| Headquarters | Irving, Texas |
| Chief Executive Officer | David E. Constable |
| Number of Employees | 34,000 |
| Market Cap | $8.55 Billion |
| Total Assets | N/A |
| Total Equity | N/A |
| Revenue | $4.2 Billion (Q2 2024) |
| Net Income | $169 Million (Q2 2024) |
What is the Net Worth/Market Cap Of Fluor Corporation in 2024?
As of October 2024, Fluor Corporation boasts a market capitalization of $8.55 billion, positioning itself among prominent engineering and construction firms worldwide.
This valuation showcases the company’s solid standing in the market, backed by its extensive project backlog and steady revenue streams.
When comparing it with others in the industry, several entities have close financial standings.
If you’re curious about how Fluor fits into the larger landscape of global wealth, you might want to check out the world’s top companies in terms of net worth.
Competitors and related brands include:
- Bechtel
- Jacobs Engineering Group
- KBR Inc.
- AECOM
- WorleyParsons
- SNC-Lavalin
- Babcock International
- Skanska
- NuScale
- Stork
For a detailed look into the top players, head over to see the companies leading the market in wealth.
Fluor Corporation Financial Performance Overview 
In Q2 2024, Fluor Corporation reported a 7% revenue increase from the previous year, amounting to $4.2 billion. This growth is attributed to strong project execution and a focus on non-legacy portfolios.
The net earnings reached $169 million, a significant improvement from the $61 million earned during the same period in 2023.
Operating cash flow also stood out at $282 million, contributing to an updated 2024 cash guidance range of $500 to $600 million.
How Their Revenue is Structured and Generated
Fluor Corporation’s revenue is rooted in its expertise in engineering, procurement, and construction services. It operates mainly through its three business segments: Energy Solutions, Urban Solutions, and Mission Solutions.
These segments cater to diverse markets, from oil and gas to infrastructure development. Such diversification has allowed the company to maintain financial stability and adaptability to market changes.
Segment Performance Analysis
Energy Solutions contributed to a substantial portion of the company’s revenue. Although it saw a slight decline in Q2 revenue compared to 2023 ($1.6 billion versus $1.7 billion), the segment reported a profit of $75 million.
The Urban Solutions segment experienced remarkable growth, with a 52% increase in revenue from $1.2 billion in Q2 2023 to $1.8 billion in Q2 2024.
Additionally, its profit rose to $105 million. Mission Solutions remained stable, with a flat year-over-year revenue of $704 million and a profit of $41 million.
Contribution of International Operations to Revenue
International operations play a key role in Fluor’s financial performance. Approximately 53% of the backlog is attributed to projects outside the United States, indicating the company’s strong global presence.
These projects have a significant impact on the company’s consolidated backlog, which increased to $32.3 billion by the end of Q2 2024, up from $25.5 billion a year ago.
Financial Health and Growth Indicators
The backlog and robust new awards provide promising indicators for future revenue.
While general and administrative expenses decreased to $50 million in Q2 2024 (compared to $60 million in Q2 2023), the company’s cash and marketable securities improved to $2.6 billion.
These figures reflect the company’s ability to manage resources effectively, ensuring financial stability and potential growth.
Analysis of Earnings and Shareholder Value
Fluor’s diluted earnings per share (EPS) was $0.97 in Q2 2024, with an adjusted diluted EPS of $0.85.
This reflects the company’s ongoing commitment to providing value to its shareholders.
The company’s financial health, driven by growth in its core segments, suggests potential for shareholder dividends and long-term value creation.
Strategic Outlook and Financial Guidance
Fluor Corporation’s strategy moving forward in 2024 is to maintain strong execution on its projects and capitalize on its high-value backlog.
The adjusted EPS guidance for the year stands between $2.50 and $3.00 per share, while the adjusted EBITDA guidance has been tightened to a range of $625 to $675 million.
The company’s commitment to project excellence and resource allocation ensures a positive financial trajectory.
Revenue Opportunities from Specific Projects and Awards
Several projects and awards have significantly contributed to Fluor’s financial growth. For instance, new awards totaling $3.1 billion in Q2 2024 support the company’s growing backlog.
Such contributions from key business units have bolstered the company’s overall revenue, particularly in areas like advanced technology, life sciences, and energy solutions.
Challenges and Risks to Revenue Growth
Although Fluor has seen financial improvement, it also faces challenges like project execution risks, market cyclicity, and client delays.
Managing these uncertainties effectively remains a critical focus for the company to safeguard its revenue streams and financial health.
Summary and Future Financial Outlook
Fluor’s emphasis on deploying resources to its high-value project backlog and a strategic financial approach is expected to drive revenue and shareholder value throughout 2024.
The financial performance indicators show a solid foundation for continued growth.
FAQs About Fluor Corporation
What Services Does Fluor Provide That Contribute to Its Revenue?
It provides engineering, procurement, construction, and project management services. It also specializes in environmental cleanup, infrastructure development, and nuclear services.
How Did Fluor’s Q2 2024 Revenue Compare to Q2 2023?
Fluor’s Q2 2024 revenue of $4.2 billion marked a 7% increase compared to the $3.9 billion earned in Q2 2023, indicating strong growth in core business segments.
What Is Fluor’s Strategy for Growth in 2024?
The company is focusing on project execution excellence, maximizing its high-value backlog, and resource allocation for long-term financial stability and growth. It aims to return capital to shareholders.
How Does Fluor’s Backlog Influence Its Financial Performance?
Fluor’s backlog, valued at $32.3 billion as of Q2 2024, indicates a strong pipeline of upcoming projects. This backlog is a key indicator of future revenue streams and financial health.
What Are the Financial Segments Driving Fluor’s Revenue?
The key segments driving revenue include Energy Solutions, Urban Solutions, and Mission Solutions. Each plays a role in the company’s diversified revenue structure.
Conclusion
Fluor Corporation’s financial trajectory in 2024 reflects steady growth and a robust strategic direction. I encourage readers to share their thoughts, engage in discussions, and explore more insights on Ando Money.
