Who Owns Fluor Company?

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Who Really Owns Fluor Corporation?

Understanding the ownership structure of a company is crucial for investors and stakeholders alike. The direction of a global engineering and construction giant like Fluor Corporation is heavily influenced by its ownership. Knowing who holds the power provides critical insights into its strategic vision and future performance.

Who Owns Fluor Company?

This deep dive into Fluor SWOT Analysis will uncover the evolution of Fluor ownership, from its inception to its current status. We'll examine the influence of major Fluor shareholders, explore the impact of Fluor executives, and analyze how the company's financial performance is intertwined with its ownership dynamics. Whether you're curious about Fluor stock or seeking a comprehensive Fluor Corporation investor relations overview, this analysis will provide valuable insights.

Who Founded Fluor?

The story of Fluor Corporation begins in 1912 with John Simon Fluor, who founded Fluor Construction Company in Santa Ana, California. This marked the official start of what would become a global engineering and construction giant. Before establishing the company, John Simon Fluor and his brothers had already gained experience in the saw and paper mill business, laying the groundwork for their future endeavors.

John Simon Fluor's initial investment in the business was modest, beginning with a personal contribution of $100. By 1924, the company had grown significantly, with annual revenues reaching $100,000 and a workforce of 100 employees. This growth led to the incorporation of the business with a $100,000 capital investment. The leadership was then passed on to his sons, Peter and Simon Fluor, who played crucial roles in the company's expansion.

Peter Fluor, as head of sales, played a vital role in boosting the company's revenues to $1.5 million by 1929. In that same year, the company was reincorporated as Fluor Corporation, Ltd., reflecting its broader scope beyond construction. This reincorporation also presented an opportunity for Fluor employees to purchase Fluor stock, indicating an early effort to involve employees in the company's ownership.

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Early Beginnings

John Simon Fluor founded the company in 1912 in California.

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Initial Capital

The initial investment was $100.

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Revenue Growth

By 1924, revenues reached $100,000 annually.

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Employee Involvement

Employees were offered the chance to purchase Fluor stock during reincorporation.

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Expansion

The company expanded beyond construction, leading to the reincorporation as Fluor Corporation, Ltd.

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Key Figures

Peter Fluor and J. Simon Fluor, Jr. played crucial roles.

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Key Insights into Fluor's Early Days

The early history of Fluor Corporation highlights the foundational role of John Simon Fluor and his family in establishing and expanding the company. The transition from a construction company to a broader engineering and construction firm, as reflected in the 1929 reincorporation, marked a significant step in its evolution. Early efforts to involve employees in Fluor ownership, such as offering Fluor stock, suggest a forward-thinking approach to corporate governance. For more insights into the company's strategic direction, consider exploring the Marketing Strategy of Fluor.

  • John Simon Fluor founded the company in 1912.
  • Revenues grew to $1.5 million by 1929.
  • Early ownership included family and employees.
  • The company expanded beyond construction.

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How Has Fluor’s Ownership Changed Over Time?

The journey of the Fluor Corporation, or Fluor company, from its inception to its current status as a publicly traded entity is a significant aspect of its history. Initially operating as a privately held enterprise, Fluor's ownership structure underwent a pivotal shift when its stock began trading over the counter in 1950. This transition marked the beginning of its evolution into a publicly accessible investment opportunity. The company then listed on the New York and Pacific exchanges by 1957, broadening its investor base and increasing its visibility in the financial markets. For a deeper dive into the company's origins, consider exploring the Brief History of Fluor.

As of June 11, 2025, Fluor Corporation (NYSE: FLR) has a market capitalization of a substantial $7.32 billion. The ownership landscape of Fluor is currently dominated by institutional investors, who hold a significant portion of the company's shares. Institutional ownership remained largely unchanged at 92.54% in May 2025, reflecting a stable investor base. This stability is a key indicator of investor confidence in the company's long-term prospects and strategic direction.

Shareholder Shares Held (as of March 31, 2025) Percentage of Ownership
BlackRock, Inc. 21,797,688 Not specified
Vanguard Group Inc. 17,159,858 Not specified
Wellington Management Group Llp 13,191,400 Not specified
Fmr Llc 6,917,321 Not specified
State Street Corp 6,438,651 Not specified

The shifts in institutional holdings during the fourth quarter of 2024 provide insights into investor sentiment. While some institutional investors increased their positions, others reduced their holdings. For example, Citadel Advisors LLC increased its holdings significantly, adding 1,694,945 shares, whereas Wellington Management Group LLP reduced its portfolio by 20.6%, removing 2,722,107 shares. The financial performance of Fluor in 2024, with revenue reaching $16.3 billion and a net income of $2.1 billion, underscores the company's robust financial health. The company's backlog of $28.5 billion further supports its strong market position and future growth potential.

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Key Takeaways on Fluor Corporation Ownership

Fluor Corporation's ownership structure is largely influenced by institutional investors, who hold a significant percentage of the company's shares.

  • Institutional investors hold a significant portion of Fluor's shares, reflecting confidence in the company.
  • Major institutional shareholders include BlackRock, Vanguard, and Wellington Management.
  • The company's robust financial performance, including $16.3 billion in revenue and a $2.1 billion net income in 2024, supports its market position.
  • Changes in institutional holdings reflect evolving investor sentiment and strategic decisions.

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Who Sits on Fluor’s Board?

The direction of Fluor Corporation, a prominent player in the engineering and construction sector, is overseen by its Board of Directors, elected by the company's shareholders. As of April 30, 2025, the Board comprised eleven directors. Key figures include David E. Constable, who transitioned from Chairman and CEO to Executive Chairman on May 1, 2025, and Jim Breuer, who took over as Chief Executive Officer on the same date. Both Constable and Breuer are also directors. The board also includes Charles Blankenship, appointed in 2025, and Lisa Glatch, who joined the board in January 2024. The company's structure ensures that the board is responsible for the management of the company, approving senior management selections, and overseeing their performance, ensuring a robust governance framework.

The company's governance emphasizes a substantial majority of independent directors on the board, adhering to New York Stock Exchange listing standards. Independent directors play a crucial role in overseeing executive compensation, succession planning, risk assessment, corporate governance, and financial integrity. This structure is designed to protect the interests of Fluor shareholders and maintain the company's financial health. Understanding Fluor ownership structure is key for investors and stakeholders alike. For further insights into the company's operations, consider exploring the Revenue Streams & Business Model of Fluor.

Director Title Appointed
David E. Constable Executive Chairman May 1, 2025
Jim Breuer Chief Executive Officer May 1, 2025
Charles Blankenship Director 2025
Lisa Glatch Director January 2024
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Voting Power and Shareholder Rights

Fluor Corporation operates under a one-share-one-vote structure, ensuring that all common stockholders have equal voting rights on matters brought to a vote. This structure is a standard practice designed to provide all shareholders with a fair say in the company's decisions. Directors are elected by a majority of votes cast in uncontested elections.

  • The Board oversees the company's management.
  • Independent directors manage executive compensation and risk assessment.
  • The company adheres to New York Stock Exchange listing standards.
  • The company's governance structure protects shareholder interests.

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What Recent Changes Have Shaped Fluor’s Ownership Landscape?

Recent developments at Fluor Corporation, a major player in the engineering and construction industry, showcase significant shifts in its leadership and financial strategies. In May 2025, Jim Breuer took over as Chief Executive Officer, with David E. Constable transitioning to Executive Chairman. This leadership change, coupled with the appointment of John C. Regan as Chief Financial Officer in March 2025, signals a strategic realignment within the company. These moves are crucial for understanding the future of Fluor ownership and its strategic direction.

Fluor has been actively managing its capital structure, particularly through share repurchase programs. The company repurchased $125 million worth of shares in Q4 2024. For 2025, Fluor plans to repurchase an additional $300 million in shares, with an accelerated repurchase of $142 million in Q1 2025. The company's commitment to returning value to shareholders reflects a positive outlook on its financial health and strategic positioning. Understanding the dynamics of Fluor stock is key for investors.

Metric 2024 2025 (Projected)
Revenue $16.3 Billion N/A
Net Income $2.1 Billion N/A
Operating Cash Flow $828 Million N/A
Backlog $28.5 Billion N/A
Adjusted EBITDA N/A $575 - $675 Million
Adjusted EPS N/A $2.25 - $2.75

Financially, Fluor demonstrated robust performance in 2024, with a revenue of $16.3 billion and a net income of $2.1 billion. The company's operating cash flow reached $828 million, the highest since 2015. Despite a decrease in new awards, the company's backlog remains substantial at $28.5 billion, with a significant portion being reimbursable. This shift towards a risk-balanced portfolio, alongside the company's strategic focus on data centers, mining, and LNG projects, highlights Fluor's proactive approach to growth. For more insights into Fluor's strategic approach, consider reading about the Growth Strategy of Fluor.

Icon Who is the CEO of Fluor Corporation?

Jim Breuer assumed the role of CEO in May 2025, succeeding David E. Constable.

Icon What is Fluor Corporation's financial outlook for 2025?

Fluor projects an adjusted EBITDA between $575 million and $675 million and an adjusted EPS between $2.25 and $2.75.

Icon What is Fluor's share repurchase plan?

Fluor is targeting $300 million in share repurchases for 2025, with an accelerated $142 million in Q1 2025.

Icon What was Fluor's revenue in 2024?

Fluor reported a revenue of $16.3 billion for the year 2024.

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