Fluor: Strong Backlog And Healthy Prospects Make It A Buy

  • Fluor's $28.7B backlog and strong 1.5x book-to-burn ratio provide solid revenue visibility. Urban Solutions leads growth, with life sciences, advanced manufacturing, and mining/critical minerals projects driving diversification and stability. Margins remain resilient, supported by a high percentage of reimbursable contracts, disciplined risk management, and early procurement strategies.