Fluor secures record $10.9 billion quarterly project awards

Fluor Corporation (NYSE:FLR) reported third-quarter 2026 revenue of $3.7 billion, up 10% year over year, as new project awards reached a company quarterly record of $10.9 billion and backlog increased to $34.3 billion.

Revenue increased from $3.4 billion in the prior-year quarter, while the company's backlog grew 21% to its highest level in the decade, supported by new contracts in liquefied natural gas and mining.

GAAP net earnings attributable to Fluor reached $158 million, compared with a $697 million loss a year earlier, including a $73 million pre-tax gain from selling its interest in ICA-Fluor; adjusted EPS increased 13% to $0.77, while adjusted EBITDA declined to $142 million from $161 million.

Fluor maintained its 2026 financial guidance, repurchased $300 million of shares during the quarter and $1.1 billion year to date, while reporting a project backlog with 69% of work under reimbursable contracts.

Fluor provides engineering, procurement, construction and project management services across energy, chemicals, mining, infrastructure and advanced technology markets, working with governments and private-sector customers.