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Fluor reports Q2 earnings miss; narrows FY22 EPS guidance

Aug. 05, 2022 6:53 AM ETFluor Corporation (FLR) StockBy: Meghavi Singh, SA News Editor
  • Fluor press release (NYSE:FLR): Q2 Non-GAAP EPS of $0.13 misses by $0.17.
  • Revenue of $3.3B (+1.9% Y/Y) misses by $190M.
  • Q2 new awards of $3.6B with ending backlog of $19.5B.
  • Fluor is tightening its full year adjusted earnings per share guidance from a range of $1.15 to $1.40 per diluted share to a range of $1.15 to $1.35 per diluted share vs. consensus of $1.24. 
  • The company believes the effective tax rate in 2023 will decline as earnings increase in the United States. 
  • Company introduces full year adjusted EBITDA guidance range of $380 to $430 million, consistent with original expectations for 2022.

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