Fluor (FLR) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by outgoing Executive Chairman, outlining agenda and rules of conduct for the virtual meeting.

• Health, safety, and environmental (HSE) and value creation topics introduced as part of the agenda.

Board and executive committee updates

• Introduction of independent directors standing for election and senior executives present.

• Leadership transition highlighted: Jim Breuer appointed CEO in May 2025, David Constable retiring as Executive Chairman.

• Jim Hackett to assume role of Chairman of the Board.

Financial performance review

• 2025 revenue reached $15.5 billion, with $12 billion in new awards (87% reimbursable).

• Year-end backlog was $25.5 billion, 81% reimbursable; cash and marketable securities totaled $2.2 billion.

• $754 million in share repurchases completed; NuScale Power investment monetized, generating significant cash.