Class Action Lawsuit Filed Against Fluor Corporation by Pomerantz Law Firm Alleging Securities Violations

Pomerantz Law Firm Files Class Action Against Fluor Corporation

In a significant move within the corporate legal landscape, Pomerantz LLP has disclosed the initiation of a class action lawsuit against Fluor Corporation (NYSE: FLR) and certain officials associated with the company. The lawsuit, which targets specific defendants, seeks to represent all individuals and entities other than the defendants who acquired securities of Fluor between February 18, 2025, and July 31, 2025. The lawsuit seeks reparations for damages resulting from alleged violations of federal securities regulations, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, alongside Rule 10b-5.

The class action has been filed in the Northern District of Texas's U.S. District Court, under docket number 25-cv-02496. Current and prospective investors who purchased Fluor’s securities during the specified Class Period are encouraged to step forward by November 14, 2025, to request appointment as Lead Plaintiff for the class.

Fluor Corporation Overview:

Fluor Corporation is known for providing extensive engineering, procurement, and construction (EPC) services, along with project management offerings on a global scale. The company's operations are divided into three major segments: Urban Solutions, Energy Solutions, and Mission Solutions. Notably, during 2024 and into early 2025, the Urban Solutions segment became the most lucrative part of Fluor, contributing significantly to the company's revenue and profitability.

This segment caters to various industries including advanced technologies, life sciences, mining and metals, as well as infrastructure projects, supporting a diverse range of clients with project management and EPC services. Key projects during this timeframe included a range of infrastructural initiatives such as the Gordie Howe International Bridge, Interstate 365 Lyndon B. Johnson (I-635/LBJ), and Interstate 35E (I-35) in Texas.

Allegations and Material Misstatements:

Throughout the Class Period, the lawsuit alleges that Fluor Corporation’s management made numerous materially false and misleading representations concerning the company’s business operations and forecasted revenue. These assertions included:
1. A failure to disclose growing costs associated with major projects like the Gordie Howe Bridge due to subcontractor design discrepancies, increased pricing, and delays in scheduling.
2. An underestimation of the impact of reduced capital expenditures from customers along with a general hesitance in the market.
3. Correspondingly, they alleged Fluor's 2025 financial outlook to be both unrealistic and unreliable.

During the second quarter of 2025, Fluor publicly released its financial results, showcasing disappointing figures that fell short of analyst expectations. The company reported a non-GAAP EPS of $0.43, which was $0.13 less than anticipated, and revenue totaling $3.98 billion—constituting a 5.9% decline year-over-year and missing expectations by $570 million. The poor performance was attributed to the previously mentioned complications on various infrastructure projects, leading to a drastically revised financial outlook for the remainder of FY 2025.

Following these public disclosures, the market reacted swiftly. Fluor's stock price plummeted by $15.35, a staggering 27.04% drop, settling at $41.42 per share on the day of the earnings call and announcement—a clear indicator of investor distress and sentiment regarding the innovative future of the company.

About Pomerantz LLP:

Founded over 85 years ago by the renowned Abraham L. Pomerantz, considered a pioneer in the field of class actions, Pomerantz LLP has carved a niche as a leading firm in handling corporate, securities, and antitrust litigations. With a global presence spanning New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, the firm has secured billions in damages for its clients. Its mission continues to focus on advocating for the rights of individuals harmed by securities fraud, fiduciary breaches, and corporate malfeasance. Interested parties can learn more or access the complaint at Pomerantz Law Firm.

This lawsuit underscores the vigilance needed in corporate governance and the obligation firms have to maintain transparency with their stakeholders. The outcome of this action could signify crucial shifts for Fluor Corporation and resonate deeply within the broader business community.