FLR - Fluor reports Q2 earnings miss; narrows FY22 EPS guidance
- Fluor press release ( NYSE: FLR ): Q2 Non-GAAP EPS of $0.13 misses by $0.17 .
- Revenue of $3.3B (+1.9% Y/Y) misses by $190M .
- Q2 new awards of $3.6B with ending backlog of $19.5B.
- Fluor is tightening its full year adjusted earnings per share guidance from a range of $1.15 to $1.40 per diluted share to a range of $1.15 to $1.35 per diluted share vs. consensus of $1.24.
- The company believes the effective tax rate in 2023 will decline as earnings increase in the United States.
- Company introduces full year adjusted EBITDA guidance range of $380 to $430 million, consistent with original expectations for 2022.
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Fluor reports Q2 earnings miss; narrows FY22 EPS guidance