Case Summary

Fluor

NYSE: FLR

Case Details

  • Maglione v. Fluor Corporation et al.
  • Class Period:February 18, 2025 - July 31, 2025
  • Date Filed:September 15, 2025
  • Jurisdiction:U.S. District Court, Northern District of Texas
  • Docket Number: 3:25-cv-02496
  • Lead Plaintiff Deadline: November 14, 2025
Days Left to
Seek Plaintiff
58

Overview

A class action lawsuit has been filed against Fluor Corporation (“Fluor” or the “Company”) and certain of the Company’s current senior executive officers alleging violations of the federal securities laws. The Company’s common stock trades in an efficient market on the New York Stock Exchange (“NYSE”) under the ticker symbol “FLR.”

The Fluor class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Fluor securities between February 18, 2025, and July 31, 2025, both dates inclusive, (the “Class Period”).

Fluor provides engineering, procurement, and construction (“EPC”), fabrication and modularization, and project management services worldwide. The Company operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions.

The lawsuit alleges that Defendants misled investors about Fluor’s financial outlook and project performance, particularly through its Urban Solutions segment, which had become the Company’s largest source of revenue and profit. Defendants repeatedly reaffirmed full-year 2025 guidance, projecting adjusted EBITDA between $575 million and $675 million and adjusted EPS between $2.25 and $2.75 per share, while promoting Fluor’s stability, risk mitigation strategies, and the strength of its major infrastructure projects.

The lawsuit further alleges that these statements were materially false and misleading because Defendants failed to disclose that costs on major projects—including the Gordie Howe International Bridge and Texas highway projects—were escalating due to subcontractor design errors, rising prices, and scheduling delays. Additionally, Fluor understated the impact of reduced customer capital spending and client hesitation tied to economic uncertainty. As a result, the Company’s financial guidance was unreliable, its mitigation strategies overstated, and its overall outlook misrepresented.

The truth was revealed on August 1, 2025, when Fluor announced disappointing second-quarter results, reporting EPS of $0.43 and revenue of $3.98 billion, both missing expectations. The Company attributed the shortfall to project cost overruns and reduced spending by customers and cut its full-year guidance significantly. On the same day, Fluor’s CEO confirmed that the Gordie Howe, I-635/LBJ, and I-35 projects were the main drivers of the financial decline.

Following these disclosures, Fluor’s stock price dropped $15.35 per share, or 27.04%, to close at $41.42 per share. As a result, class members who purchased Fluor’s securities during the Class Period suffered significant losses due to the alleged misrepresentations and omissions.

*          *          *

If you purchased or otherwise acquired Fluor securities between February 18, 2025, and July 31, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as lead plaintiff in the Fluor class action lawsuit is November 14, 2025.

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