Why Fluor Stock Is Dropping After Q1 Earnings Miss and 2026 Guidance Cut
Fluor cut the top end of its 2026 adjusted EBITDA outlook after higher costs on a mining project and a Middle East slowdown. First-quarter adjusted earnings fell to 14 cents a share, missing estimates, while revenue dropped to $3.66 billion. Shares fell 7.6% in premarket trading. New project awards sank to $2.69 billion from $5.81 billion a year earlier.