The Latest Breaking News from FLR

It's a big earnings week for infrastructure stocks. Fluor, Quanta Services, Jacobs Engineering warn on inflation, Covid, FX headwinds.

Fluor Corp’s (NYSE:FLR) Mining & Metals business has secured a contract to perform engineering, procurement, and construction management (EPCM) for Iluka Resources Limited’s Eneabba project. Financial terms were not disclosed. Eneabba project is a fully integrated rare earth refinery in Eneabba, Western Australia. Fluor will complete the front-end engineering design and execute the…

Fluor Corp (NYSE:FLR) reported a first-quarter FY22 revenue decline of 6.7% year-over-year to $3.12 billion, beating the consensus of $2.88 billion. Revenue by segments: Energy Solutions $1.17 billion (+18.5% Y/Y), Urban Solutions $959 million (-19.7% Y/Y), Mission Solutions $593 million (-21.3% Y/Y) and Others $396 million (-3.2% Y/Y). Total segment profit improved…

As the economy recovers from its pandemic blues, the infrastructure sector is set for an impressive rebound. Furthermore, the sector is expected to generate stable returns with solid federal support. So, we think it could be wise to bet now on infrastructure stocks Eaton (ETN), CEMEX (CX), Brookfield (BIPC), and…