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Fluor Corporation (NYSE:FLR) disclosed Monday that it has entered into a relocation agreement with Chief Executive Officer James R. Breuer, providing him with a $750,000 relocation assistance bonus. The agreement, signed July 2, is intended to support Breuer’s move of his primary residence to the Dallas-Fort Worth area.
According to the company’s statement in a Securities and Exchange Commission filing, Breuer is required to repay the full bonus if he does not complete his relocation by June 30, 2026, or if his employment ends within 24 months of receiving the payment.
Fluor also reported that, on July 2, its wholly owned subsidiary FDEE Consulting, Inc. entered into a consulting agreement with Joseph L. Brennan, the company’s former Chief Financial Officer. Under the agreement, Brennan will provide advisory and consultation services at a rate of $640 per hour for up to six months beginning July 2.
The company stated that full copies of the relocation and consulting agreements will be filed as exhibits to its quarterly report on Form 10-Q for the quarter ending September 30, 2025.
This information is based on a press release statement contained in the company’s recent SEC filing.
In other recent news, Fluor Corporation reported its first-quarter earnings for 2025, revealing an adjusted earnings per share (EPS) of $0.73, which exceeded the forecasted $0.50. The company, however, fell short of revenue expectations, bringing in $4 billion compared to the anticipated $4.18 billion. Despite the revenue miss, Fluor’s adjusted EBITDA rose significantly to $155 million from $88 million in the first quarter of 2024. Citi analysts responded to these strong results by raising their price target for Fluor shares from $46 to $47, maintaining a Buy rating on the stock. The analysts noted Fluor’s robust backlog valued at approximately $29 billion, with 79% being reimbursable work, which could help buffer against market volatility. Additionally, Fluor’s wholly owned subsidiary, FDEE Consulting, Inc., entered into a consulting agreement with former Chief Legal Officer John R. Reynolds, who will provide advisory services at a rate of $590 per hour for up to six months. Fluor also faced challenges, such as not winning the recompete for the Strategic Petroleum Reserve contract and a slowdown in construction activity on the Dow project. Nevertheless, the company reaffirmed its full-year 2025 guidance, projecting adjusted EBITDA between $575 million and $675 million and adjusted EPS between $2.25 and $2.75.
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