Fluor Corporation (FLR) shares climbed to $57.94 on September 3, 2026, reaching the highest level of the past twelve months and trading at roughly 99% of that peak, according to InvestingPro data.
The move follows the release of the company’s second‑quarter 2026 results, which showed adjusted earnings of $0.91 per share, surpassing the consensus estimate of $0.70. Revenue for the quarter rose to $4.3 billion, ahead of the projected $3.94 billion.
Fluor, a construction and engineering firm with a market capitalization of about $7.74 billion, reported a backlog of approximately $27 billion, underscoring a sizable pipeline of future work. Bloomberg estimates that reconstruction projects in Nepal could generate around $5 billion in additional contracts, with procurement timelines ranging from six to twelve months.
Investors have rewarded the stock with a 32% total return over the past year, a 43% gain year‑to‑date, and a 4.6% rise in the last week. Despite the strong performance, InvestingPro’s valuation model placed Fluor on its “Most Overvalued” list relative to its fair‑value estimate.
The company’s balance sheet strength and an aggressive share‑buyback program were highlighted among the 13 InvestingPro tips available for the stock, suggesting further upside potential if execution remains on track.
