BUZZ-Fluor falls after downbeat annual profit forecast, Q4 results; announces CEO transition
ReutersFeb 18, 2025 3:13 PM
Updates
Shares of construction firm Fluor FLR.N down as much as 7.5% to a near nine-month low of $40.14 in early trade
Company forecasts annual adjusted EPS between $2.25 and $2.75, compared with Street estimates of $2.95 - data compiled by LSEG
Also reports Q4 revenue rise of 11.5% to $4.26 billion, below estimates of $4.42 billion, while adjusted EPS of 48 cents missed expectations of 77 cents
Company also plans $300 million in share repurchases in 2025
Separately, Fluor says current COO Jim Breuer is appointed as CEO effective May 1
Current CEO David Constable to be company's executive chairman
FLR rose 26% in 2024
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