FLR Fluor (FLR) Q2 FY26 earnings call
Fluor delivered strong Q2 FY26 results, marked by significant new awards and backlog growth, driven by accelerated client decisions across diverse end markets. The company is strategically simplifying its portfolio by completing legacy projects and divesting its Mexican JV, while focusing on high-growth areas like nuclear and power generation for data centers. Management anticipates continued margin expansion in new awards and robust capital returns.
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FLR operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Backlog | $25.7BOur backlog improved slightly from year-end to $25.7 billion and reflects an additional $1.1 billion in positive project adjustments on current work.Source: earnings call transcript | $26.9BEnding backlog was $26.9 billion and reflects our sizable Q2 awards and the removal of just over $650 million of backlog related to our now former JV in Mexico.Source: earnings call transcript | +4.7% |
| Orders Urban Solutions | $2.1BNew awards for the quarter were $2.1 billion compared to $5.3 billion a year ago when we received a multibillion-dollar award for a life sciences project.Source: earnings call transcript | $3.2BFor the quarter, Urban Solutions new awards were $3.2 billion and include construction management for our copper mine in Chile, a feasibility study for Anglo's fertilizer project in the UK and expand its scope for a fertilizer project in Canada, additional scope on the life sciences project in the US and an infrastructure project in Europe.Source: earnings call transcript | +52.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.