Fluor Posts Record $10.9 Billion in Quarterly New Awards as Q3 Revenue Rises 10%
Fluor Corporation reported third-quarter 2026 revenue of $3.7 billion, up 10% from $3.4 billion a year earlier, and booked a company-record $10.9 billion of new awards, according to an 8-K furnished Friday.
GAAP net earnings attributable to Fluor were $158 million, or $1.16 per share, compared with a net loss of $697 million, or $4.30 per share, a year earlier. Results included a $73 million pre-tax gain on the sale of Fluor’s interest in ICA-Fluor. Adjusted EPS was $0.77, up from $0.68. Adjusted EBITDA was $142 million versus $161 million.
Awards and backlog
New awards rose from $3.3 billion a year earlier, for a book-to-burn of 2.9x. Backlog climbed 21% year over year to $34.3 billion, which Fluor called its highest backlog this decade, with 69% reimbursable. Energy Solutions awards included $7.5 billion for Phase 2 of LNG Canada. Urban Solutions awards included two copper mining projects in Chile.
CEO Jim Breuer said the quarter showed strong demand across key markets and progress converting the prospect pipeline into high-quality awards.
Capital return and outlook
Fluor repurchased $300 million of shares in the quarter and $1.1 billion year to date toward a previously announced 2026 target of $1.4 billion. Cash and equivalents were $3.1 billion at quarter-end. The company affirmed 2026 adjusted EBITDA guidance of $500 million to $525 million.
By the numbers
- Q3 revenue: $3.7 billion, up 10%
- GAAP EPS: $1.16; adjusted EPS: $0.77
- New awards: $10.9 billion
- Backlog: $34.3 billion, up 21%
- 2026 adjusted EBITDA guidance: $500 million to $525 million
Sources
- Fluor Form 8-K with third-quarter 2026 earnings release (Exhibit 99.1), filed Nov. 6, 2026 (accession 0001124198-26-000081)
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