Simply Wall St.9d agobullish
Fluor Reshapes Risk With Reimbursable Model And NuScale-Funded BuybackFluor (NYSE:FLR) is shifting its core business toward a capital efficient reimbursable services model. The company is backing this move with a substantial share repurchase program. Fluor plans to fund a significant part of the buyback through the sale of its stake in NuScale. Fluor sits at the intersection of engineering, procurement and construction services, a space where contract structure can have a major impact on earnings stability. Moving away from large fixed price projects toward...
