Fluor Investors Face Nov. 14 Deadline in Securities Class Actions Over 2025 Guidance

Overview

• Multiple firms, including Rosen, Holzer & Holzer, Berger Montague, The Schall Law Firm, and Levi & Korsinsky, have filed or are soliciting investors for suits covering purchases from February 18 to July 31, 2025.
• Complaints allege Fluor failed to disclose growing costs on the Gordie Howe bridge as well as Texas highway projects I-635/LBJ and I-35, citing subcontractor design errors, price inflation, and scheduling delays.
• Filings contend reduced client capital spending and economic uncertainty were already pressuring results, making Fluor's FY2025 outlook unreliable and its risk‑mitigation claims overstated.
• Berger Montague highlights that Fluor reaffirmed guidance in May after setting adjusted EPS of $2.25–$2.75 and EBITDA of $575–$675 million in February, before slashing the outlook on August 1.
• Following disappointing Q2 results on August 1, including non‑GAAP EPS of $0.43 and revenue of $3.98 billion, shares fell about 27%, which complaints cite as the moment losses crystallized, while noting no class has yet been certified.