Fluor Corp. He announced the lowest income of the second quarter of 2025, a temporary slowdown of the new project awards and planned legal actions against Sub in two problems.
The company reported the revenue of August 1 for its $ 78 million business segments in income of $ 3.9 billion, compared with $ 194 million $ 4.2 billion in the same quarter last year. New quarter prizes, $ 856 million, dropped abruptly from $ 2.4 billion last year’s quarter.
The new business was slowed by several reasons, said CEO James R. Breuer to analysts.
In recent months, fluoride (NYSE: FLR) He said customers remained as part of a waiting approach before pressing with new projects. Commercial policy, cost climbing and interest rates had given customers a pause and, in a few cases, led to canceled projects.
“It means that we are at a point in the short -term hesitation cycle on our way to the long -term opportunity,” said Brief.
In the meantime, the company plans legal actions against subcontractors and designers to recover the costs of expenses in the projects that the completion of the completion and cost of costs were already known.
Delayed finished of $5.7-MILL Millions of Gordie Howe International Bridge, In 2022 a 1.5 kilometer cable period was foreseen to connect Detroit and Windsor, ont. “WWait a substantial completion this fall. “
In response to what happened on the bridge and two major road projects, “we have increased the supervision of operations and we are strengthening the execution equipment,” he added, adding that the company is also “taking actions” against SUMs and designers for which it stated as “its bad performance”.
Breuer said that other fluorine infrastructure portfolio projects “continue to be done with management expectations”.
