2022-05-17 | NYSE: FLR | Press release

Fluor reaffirms its financial guidance for 2022 and 2024 and foresees significant growth opportunities in 2022

Fluor Corporation (NYSE:FLR) today announced that the National Nuclear Security Administration’s (NNSA) change in strategy regarding the combined management and operation of the Pantex plant and the Y-12 national security complex has not changed support for Fluor to NNSA. The company remains committed to the country’s nuclear security through its existing and future employment contracts.

Fluor is disappointed with the decision to rescind the previous pricing, but the company continues to see significant opportunities for new pricing and growth in its market segments in 2022.

Fluor reaffirms the company’s 2022 adjusted earnings per share guidance provided in the press release and investor presentation accompanying its earnings call held on May 6, 2022, and its adjusted earnings per share guidance for 2024 provided in the transcription.

About Fluor Corporation

Fluor Corporation (NYSE:FLR) builds a better future by applying world-class expertise to solve the problem of its customers’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, and capital-efficient projects to clients around the world. Fluor had 2021 revenue of $12.4 billion and is ranked 196 among Fortune 500 companies. Headquartered in Irving, Texas, Fluor provides engineering, procurement and building for over 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and Youtube.

Forward-looking statements: This release contains forward-looking statements (including, without limitation, statements that Fluor Corporation (the “Company”) or its management “will,” “believe,” “expect,” “anticipate,” “expects,” “looks forward to,” “continues to,” “reaffirms” or other similar expressions). financial results or statements of the Company. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. Additional information regarding factors that could affect the Company’s results can be found in periodic public filings by the company with the Securities and Exchange Commission, including the discussion under the heading “Section 1A. Risk Factors” in the Company’s Form 10-K filed on February 22, 2022. The Company’s forward-looking statements speak only as of the date such statements are made, and the Company disclaims any intention or obligation other than as required by law. law. update its forward-looking statements in light of new information or future events.

Luisa D. Fuller