Fluor Corporation (NYSE:FLR) announced today that it has divested its equity stake in ICA-Fluor Daniel to its existing JV Partner, ICA for $175 million.

"Since the joint venture was formed in 1993, Fluor and ICA have successfully completed numerous projects in support of Mexico’s oil and gas, power, mining and manufacturing markets," said Jim Breuer, Fluor’s Chief Executive Officer. "Given our current strategic priorities and in agreement with our partner, we determined that this is the right time to conclude this long-standing JV, allowing ICA more opportunity to grow independently and Fluor to direct attention to other growth areas, while maintaining the ability to support ICA’s efforts in Mexico on a project-by-project basis."

The expected gain on sale, combined with year-to-date operating income from the JV, will exceed Fluor’s anticipated 2026 earnings contribution from ICA-Fluor Daniel. The company will provide additional information on this transaction and update its guidance on our upcoming second quarter earnings call on August 7.

About Fluor Corporation

Fluor Corporation (NYSE:FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,500 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 292 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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