Fluor Corp. (FLR) Tops Q4 EPS by 16c, Revenues Miss; Initiates FY19 EPS Mid-Point Guidance Below Consensus

Fluor Corp. (NYSE: FLR) reported Q4 EPS of $0.77, $0.16 better than the analyst estimate of $0.61. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.82 billion.

"In 2018 Fluor continued to transform our approach to address the rapidly changing global markets and set the foundation for long-term sustainable growth," said David Seaton, Fluor chairman and chief executive officer. "Despite the challenges we encountered last year, we enter 2019 with a sizeable backlog and a compelling integrated solution for the end markets we serve."

GUIDANCE:

Fluor Corp. sees FY2019 EPS of $2.50-$3.00, versus the consensus of $2.97.

For 2019, the Company is establishing its initial EPS guidance at a range of $2.50 to $3.00 per diluted share, excluding any impact of foreign exchange fluctuations. Guidance for 2019 assumes increasing contributions and a balanced set of opportunities from our Energy & Chemicals and Mining, Industrial, Infrastructure and Power segments.

For earnings history and earnings-related data on Fluor Corp. (FLR) click here.

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