Why Is Engineering Company Fluor's Stock Falling Today?
Why Is Engineering Company Fluor's Stock Falling Today?
Fluor Corp (NYSE:FLR) reported a first-quarter fiscal 2024 revenue decline of 0.5% year-over-year to $3.734 billion, missing the consensus of $3.997 billion.
福陸公司（紐約證券交易所代碼：FLR）報告稱，2024財年第一季度收入同比下降0.5％，至37.34億美元，未達到39.97億美元的共識。
Sales by segment: Energy Solutions $1.43 billion (-11.2% Y/Y), Urban Solutions $1.48 billion (+22.4% Y/Y), Mission Solutions $601 million (-7.4% Y/Y) and Others $222 million (-21.6% Y/Y).
按細分市場劃分的銷售額：能源解決方案14.3億美元（同比下降11.2％），城市解決方案14.8億美元（同比增長22.4％），任務解決方案6.01億美元（同比下降7.4％），其他2.22億美元（同比下降21.6％）。
FLR recorded a total segment profit of $118 million, compared to a loss of $(15) million a year ago. The margin recovered by 3.2% from negative 0.4%.
FLR的分部總利潤爲1.18億美元，而去年同期的虧損爲1,500萬美元。利潤率從負0.4％回升了3.2％。
Adjusted EPS improved to $0.47 from $0.28 a year ago, missing the consensus of $0.54.
調整後的每股收益從去年同期的0.28美元提高至0.47美元，未達到預期的0.54美元。
The company reported net earnings of $59 million for the quarter, up from a loss of $(107) million in the first quarter of 2023.
該公司公佈的本季度淨收益爲5900萬美元，高於2023年第一季度的虧損（1.07億美元）。
The total new awards were $7.02 billion compared to $3.23 billion a year ago, which is 97% reimbursable. Ending consolidated backlog increased 27.8% Y/Y to $32.7 billion, 80% reimbursable.
新獎勵總額爲70.2億美元，而去年同期爲32.3億美元，可報銷比例爲97％。期末合併積壓量同比增長27.8％，達到327億美元，其中80％可報銷。
Adjusted EBITDA rose to $88 million from $71 million, and the margin expanded to 2.4%.
調整後的息稅折舊攤銷前利潤從7,100萬美元增至8,800萬美元，利潤率擴大至2.4％。
At the end of the quarter, Fluor's cash and marketable securities were $2.3 billion.
在本季度末，福陸的現金和有價證券爲23億美元。
The company expects divestiture of its non-core businesses by the end of the second quarter.
該公司預計，到第二季度末將剝離其非核心業務。
FLR reaffirmed its 2024 outlook, expects Adjusted EBITDA of $600 million to $700 million and adjusted EPS of $2.50 to $3.00 versus $2.79 the consensus.
FLR重申了其2024年的展望，預計調整後的息稅折舊攤銷前利潤爲6億美元至7億美元，調整後的每股收益爲2.50美元至3.00美元，而市場普遍預期爲2.79美元。
"2024 is off to a good start with substantial new awards from clients in our Urban Solutions segment. This demand, which we believe is just beginning, drove our backlog to a level not achieved since 2019," commented David Constable, chairman and chief executive officer of Fluor.
“2024年有了一個良好的開端，我們的城市解決方案領域的客戶獲得了大量新獎項。福陸董事長兼首席執行官戴維·康斯特布爾評論說，我們認爲這種需求才剛剛開始，將我們的待辦事項推向了2019年以來從未達到的水平。
Price Action: FLR shares are trading lower by 5.06% at $39.15 at the last check Friday.
價格走勢：在週五的最後一次支票中，FLR股價下跌5.06％，至39.15美元。
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譯文內容由第三人軟體翻譯。