Share Sale and Proceeds
Fluor Corporation has completed the sale of 15 million Class A common stock shares of NuScale Power Corporation, generating net proceeds of $605 million. The company plans to use the majority of these proceeds to enhance its ongoing share repurchase program.
Equity Retention
Despite the sale, Fluor continues to hold 111 million NuScale LLC Class B units and associated Class B shares, maintaining approximately 39% of NuScale's equity. The company is exploring ways for its shareholders to benefit more directly from this investment.
Financial Forecast
Fluor anticipates its cash and equivalents to reach approximately $2.7 billion by the end of the third quarter, including $364 million from NuScale sales completed before the quarter's end. The company will release full operational results for the third quarter and additional details about share repurchases on November 7, 2025.
Forward-Looking Statements
The release includes forward-looking statements based on current management expectations, which involve risks and uncertainties. Actual results may differ due to various factors, including market conditions, project execution challenges, competition, and geopolitical risks. Fluor advises caution in relying on these statements and refers to its public filings for more information on potential risks.
