Fluor Corp. He published good news of results, but pointed out a temporary slowdown of the new awards and his intention to take legal actions against Sub in two problems with problems.
Fluor (NYSE: FLR) registered higher income during the second quarter of 2025, $ 2.5 billion in income of $ 3.9 billion, compared to $ 169 mili of $ 4.2 billion in the same quarter last year. But the new prizes for the quarter, $ 856 million, dropped sharply from $ 2.4 billion last year’s quarter.
The new business was significantly slowed by a number of reasons, said CEO James R. Breuer to analysts in a earnings call from August 1.
In recent months, fluorine customers remained part of a waiting and seat approach before pressing the new projects, said Breuer. 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.
Delaying $5.7-MILL Millions of Gordie Howe International Bridge, In 2022 a 1.5 kilometer wire scope was foreseen to connect Detroit and Windsor, ont. “WWait a substantial completion this fall. “
In response to what happened on the Gordie Howe bridge and two major road projects, “we have increased the supervision operations and strengthening the execution teams,” said Brief. He added that the company is also “taking actions” against SUMs and designers for what he alleged as “his bad performance”.
Breuer added that other projects in the fluoride infrastructure portfolio “continue to be done with management expectations”.
