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Class action lawsuits

Class Action Lawsuit Filed Against Fluor Corporation for Securities Laws Violations

Strategic Insights

— 2 min read

A class action lawsuit has been filed in the United States District Court for the Northern District of Texas, Dallas Division, on behalf of investors who purchased or acquired Fluor Corporation securities between February 18, 2025, and July 31, 2025. The lawsuit alleges that the company and its top officials made false and misleading statements regarding Fluor's business, operations, and prospects, causing significant negative impacts on the company's financial results. The plaintiffs are seeking to recover damages caused by the defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Key Takeaways:

  • The class action lawsuit was filed in the United States District Court for the Northern District of Texas, Dallas Division, on behalf of investors who purchased or acquired Fluor Corporation securities between February 18, 2025, and July 31, 2025.
  • The lawsuit alleges that Fluor and its top officials made false and misleading statements regarding the company's business, operations, and prospects.
  • The plaintiffs claim that the defendants' statements were materially false and misleading, causing significant negative impacts on the company's financial results.
  • The lawsuit seeks to recover damages caused by the defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
  • The plaintiffs are seeking to appoint a lead plaintiff for the class, and investors who purchased or acquired Fluor securities during the class period have until November 14, 2025, to request appointment as lead plaintiff.
  • Fluor's Urban Solutions segment accounted for the largest portion of the company's revenue and profit in 2024 and the first quarter of 2025.
  • The company's infrastructure projects include work on the Gordie Howe International Bridge, Interstate 365 Lyndon B. Johnson, and Interstate 35E highways in Texas.
  • In February 2025, Fluor provided financial guidance for the full year, including adjusted EBITDA of $575 million to $675 million and adjusted earnings per share of $2.25 per share to $2.75 per share.
  • Defendants reaffirmed the guidance in May 2025, despite acknowledging potential negative impacts of economic uncertainty on the company's business.
  • The company blamed disappointing Q2 2025 results on growing costs in multiple infrastructure projects and reduced capital spending by customers.
  • Fluor's stock price fell $15.35 per share, or 27.04%, to close at $41.42 per share on August 1, 2025, following the disclosures.

Statistics:

  • The class action lawsuit was filed in the United States District Court for the Northern District of Texas, Dallas Division.
  • The lawsuit covers a period from February 18, 2025, to July 31, 2025.
  • Fluor's revenue for Q2 2025 was $3.98 billion, representing a 5.9% year-over-year decline.
  • The company's Q2 non-GAAP EPS was $0.43, missing consensus estimates by $0.13.
  • Fluor's stock price fell $15.35 per share, or 27.04%, to close at $41.42 per share on August 1, 2025.
  • The company's adjusted EBITDA guidance for FY 2025 was lowered from $575 million to $675 million to $475 million to $525 million.
  • Fluor's adjusted EPS guidance for FY 2025 was lowered from $2.25 per share to $2.75 per share to $1.95 per share to $2.15 per share.

Sources:

  • "Pomerantz LLP Announces the Filing of a Class Action against Fluor Corporation and Certain Officers."
  • "Fluor Announces Second Quarter 2025 Financial Results."
  • "Fluor Corporation Notice of Change in Status as an Emerging Growth Company."
  • Pomerantz LLP website.

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