Earnings rose at Fluor, Irving, Texas, in the first quarter, which the international engineering and construction company attributed to awards in nuclear and other sectors.
Net earnings attributable to Fluor for the quarter ended March 31 were $160 million or $1.08 a share up from a $241 million loss, or a $1.42 loss per share in the year-ago quarter. That is according to Friday’s earnings release.
Fluor revenue for the quarter was nearly $3.7 billion, down from about $4 billion from the first quarter of 2025.
During the quarter, Fluor reached an engineering and construction contract with Centrus to oversee development of a new advanced uranium enrichment plant expansion at DOE’s Portsmouth Site in Piketon, Ohio.
CEO Jim Breuer also noted a Fluor-led joint venture currently holds both the management and operations contract with the National Nuclear Security Administration (NNSA) for the Savannah River Site in South Carolina. In addition, Fluor also holds the construction contract for the Savannah River Plutonium Processing Facility.
“We are well positioned for this work and expect to submit a bid later this year,” to retain the Savannah River business, Breuer said. The deadline for bids is May 13.
On the nuclear power front, Fluor has signed a contract to work on X-Energy’s small modular reactor project at Dow’s UCC Seadrift Operations in Seadrift, Texas. Fluor is very interested in pursuing the electric power demand side of the data center business, Breuer also said during a Friday morning earnings call with Wall Street analysts.
“I am encouraged by the significant number of new awards we secured in recent months across diverse markets, including gas-fueled and nuclear power, refining, data centers, mining, and uranium enrichment,” Breuer said. “Our pipeline of work is expanding, and we see compelling opportunities across each of our core markets.”
During the call, Fluor executives said the company has finished selling off the company’s ownership interest in NuScale Power, the small modular reactor developer.
A link to the earnings call webcast is here.