Fluor

Q2 FY2026 EarningsQ2 FY2026 results significantly exceeded consensus expectations on the top and bottom lines: revenue of $4.33B beat the $3.86B estimate (+12.06%), and adjusted EPS of $0.91 outperformed the $0.70 consensus (+29.60%). Growth was fueled by Urban Solutions (+40% YoY), despite a $44M cost drag from the Gordie Howe project. However, FY2026 adjusted EBITDA guidance was narrowed downward to $500–$525M (previously $525–$560M) due to the Mexico JV divestiture, which may temper immediate market enthusiasm despite record new awards of $6.1B.