Reported 28 days ago
Fluor Corporation (FLR) experienced a significant decline of 27.04% to $41.42 per share after downgrading its growth outlook for 2025. The company adjusted its EBITDA guidance to between $475-$525 million, down from a previous estimate of $575-$675 million. Despite a substantial increase in net earnings for Q2, revenue fell by 5.9%. CEO Jim Breuer indicated that the recent challenges are viewed as temporary, as the company's long-term strategy remains focused on disciplined project delivery.
Source: YAHOO