Fluor (NYSE:FLR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.09b (up 3.3% from 3Q 2023).

• Net income: US$54.0m (down 68% from 3Q 2023).

• Profit margin: 1.3% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.32 (down from US$1.17 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fluor Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 59%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Fluor.

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