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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 RAISES 2021 GUIDANCE AND REPORTS THIRD QUARTER 2021 RESULTS Q3 2021 earnings per share from continuing operations of $ 0.26 ; adjusted EPS from continuing operations of $ 0.23 • Raises full year adjusted EPS guidance to a range of $ 0.85 to $ 1.00 per diluted share • Q3 new awards of $ 3 billion with ending backlog of $ 21 billion Exhibit 99.1 FLUOR ® • Reduced outstanding debt by 30 % in the quarter ; debt - to - cap ratio now 37 % IRVING , Texas ( November 5 , 2021 ) - Fluor Corporation ( NYSE : FLR ) announced financial results for its third quarter ended September 30 , 2021. Revenue for the quarter was $ 3.1 billion , and net income from continuing operations was $ 47 million , or $ 0.26 per share . Excluding favorable foreign currency effects and certain other adjustments outlined in the table at the end of this release , adjusted earnings per diluted share ( EPS ) were $ 0.23 . Adjusted EPS share count of 170 million reflects the effect of the convertible preferred stock offering last quarter . Consolidated segment profit for the quarter , which includes NuScale expenses , was $ 110 million compared to $ 128 million in the third quarter of 2020 . " This quarter we made significant progress toward our strategic goals , including the reduction of outstanding debt by 30 percent , and have identified a path to over $ 150 million in annual cost savings , ” said David Constable , chief executive officer of Fluor . " We believe our backlog will stabilize over the next several quarters as clients express enthusiasm around new opportunities in infrastructure , mining , government and energy transition . "