Fluor Delivers Mixed Q2 Results, CEO Confident In Growth Strategy And Shareholder Returns
Fluor Delivers Mixed Q2 Results, CEO Confident In Growth Strategy And Shareholder Returns
Fluor Corp (NYSE:FLR) reported second-quarter fiscal 2024 revenue growth of 7.3% year over year to $4.227 billion, missing the consensus of $4.360 billion.
福陸公司(紐交所:FLR)報告2024財年第二季度營業收入爲427億美元,同比增長7.3%,未達到436億美元的共識。
Sales by segment: Energy Solutions $1.595 billion (-7.3% Y/Y), Urban Solutions $1.83 billion (+52.3% Y/Y), Mission Solutions $704 million (-0.14% Y/Y) and Others $97 million (-68.8% Y/Y).
按業務部門銷售額計算:能源解決方案爲15.95億美元(同比下降7.3%),城市解決方案爲18.3億美元(同比增長52.3%),任務解決方案爲7040萬美元(同比下降0.14%),其他爲9700萬美元(同比下降68.8%)。
FLR recorded a total segment profit of $194 million, compared to $191 million a year ago. The margin contracted 20 bps to 4.6%.
福陸公司的總業務利潤爲1.94億美元,而去年同期爲1.91億美元。其利潤率收縮20個點子至4.6%。
Adjusted EPS improved to $0.85 from $0.76 a year ago, beating the consensus of $0.68.
調整後的每股收益從去年的0.76美元提高至0.85美元,超過了0.68美元的共識。
The company reported net earnings from core operations of $169 million, up from $46 million a year ago.
該公司報告的核心運營淨收益爲1.69億美元,而去年同期爲4600萬美元。
The total new awards were $3.1 billion compared to $3.7 billion a year ago. Ending consolidated backlog increased 9.7% Y/Y to $32.3 billion, 81% reimbursable.
總新項目獎項爲31億美元,與去年同期的37億美元相比略有下降。結合了所有子公司的未完結訂單,比去年同期增長9.7%,達到323億美元,其中81%可以報銷。
Adjusted EBITDA declined to $165 million from $181 million, and the margin declined 70 bps to 3.9%.
調整後的息稅折舊及攤銷前利潤從去年的1.81億美元下降至1.65億美元,利潤率下降70個點子至3.9%。
At the end of the quarter, Fluor's cash and marketable securities were $2.6 billion, excluding amounts held by NuScale.
截至本季度末,福陸公司的現金和有價證券爲26億美元,不包括NuScale控股公司的金額。
Operating cash flow for the six months ended June 30 stood at $171 million, with the 2024 cash guidance range increased to $500 million to $600 million.
截至6月30日的六個月經營現金流爲1.71億美元,2024年的現金收入指導區間從5億美元到6億美元增加至5億美元到6億美元。
"Our quarterly results demonstrate that our strategy is working, thereby ensuring targeted market growth and project execution excellence. For the second half of 2024, our focus will be on deploying resources onto our high-value project backlog and positioning the company to return capital to shareholders," commented David E. Constable, Fluor's chairman and chief executive officer.
“我們的季度業績表明我們的策略正在發揮作用,從而確保了目標市場增長和項目執行卓越。對於2024下半年,我們的重點將放在將資源投入到我們的高價值項目後備隊列中,並將公司定位爲返還股東資本,”福陸公司董事長兼首席執行官戴維·康斯特布爾評論道。
2024 Outlook: FLR reaffirmed its adjusted EPS of $2.50 to $3.00 versus $2.85 the consensus. The company tightens its adjusted EBITDA guidance from $600 million – $700 million to $625 million – $675 million.
2024年展望:福陸公司重申其調整後的每股收益爲2.50美元至3.00美元,相比之下,共識爲2.85美元。該公司將其調整後的息稅折舊及攤銷前利潤指導範圍從6億美元至7億美元收緊至6.25億美元至6.75億美元。
Price Action: FLR shares are trading lower by 0.99% at $47.00 premarket at the last check Friday.
股價表現:截至上週五最後一次交易,FLR股票預計以每股47.00美元的價位低於盤前0.99%。