Earnings release
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Fluor Corporation 6700 Las Colinas Blvd Irving , Texas 75039 469.398.7000 main tel Brian Mershon Media Relations 469.398.7621 tel Jason Landkamer Investor Relations 469.398.7222 tel News Release FLUOR Exhibit 99.1 • • FLUOR RAISES 2021 GUIDANCE AND REPORTS SECOND QUARTER 2021 RESULTS Q2 2021 loss per share from continuing operations of $ 0.08 ; adjusted EPS from continuing operations of $ 0.32 ; raising full year adjusted EPS guidance to $ 0.60 to $ 0.80 per diluted share $ 600 million convertible preferred offering supports debt reduction strategy ; $ 26 million reduction through July , anticipate substantial debt retirements in 2021 • $ 192 million received in outside investment for NuScale this year • $ 100 million in proceeds for the sale of AMECO North America and a P3 investment ; AMECO South America and Stork divestitures underway IRVING , TX ( August 6 , 2021 ) - Fluor Corporation ( NYSE : FLR ) announced financial results for its second quarter ended June 30 , 2021. Revenue for the quarter was $ 3.2 billion , with a net loss from continuing operations of $ 14 million , or $ 0.08 per common share . Results for the quarter include a charge related to a legacy infrastructure project . Results were also negatively impacted by $ 49 million of foreign currency effects and certain other adjustments outlined in the table at the end of this release . Excluding the $ 49 million of other adjustments , and using the higher diluted weighted average share count for this level of earnings , adjusted earnings per diluted share were $ 0.32 . The weighted average share count for the second quarter of 156 million reflects the effect of the convertible preferred offering . Consolidated segment profit for the quarter , which includes NuScale expenses , was $ 67.2 million compared to $ 72.4 million in the second quarter of 2020 .