Fluor wins $671M contract for Texas highway project, part of diversification strategy

From Nasdaq: 2025-04-01 06:38:00

Fluor Corporation’s infrastructure business secures a $671 million contract from TxDOT for the State Highway 6 project in College Station, TX. Construction to start in summer 2025, with completion by spring 2030. FLR has been involved in Texas infrastructure projects for 25 years, emphasizing growth and commitment to the state’s development.

FLR’s diversified strategy focuses on growth beyond traditional oil and gas markets, prioritizing fair contracts and financial discipline. Total backlog at the end of 2024 was $28.5 billion. Despite a decline, the company remains optimistic about increasing demand trends and new contract opportunities. FLR’s shares have decreased by 27.3% in the past three months.

Fluor Corporation currently holds a Zacks Rank of #5 (Strong Sell). Better-ranked stocks in the construction sector include Sterling Infrastructure, Inc. (STRL), EMCOR Group, Inc. (EME), and Gibraltar Industries, Inc. (ROCK). Sterling is a Zacks Rank #1 (Strong Buy) with a positive earnings surprise and stock performance. EMCOR also has a Zacks Rank of 1 with growth in sales and EPS. Gibraltar is a Zacks Rank #2 (Buy), showing improvements in sales and EPS.



Read more at Nasdaq: Fluor Secures $671M State Highway 6 Project Contract With TxDOT