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01.08.25 - 11:54
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Fluor Reports Second Quarter 2025 Results (Business Wire)
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First cargo shipped from LNG Canada project
NuScale to convert 15 million class B shares
Share repurchases of $153 million during Q2
Company adjusts 2025 guidance
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ending June 30, 2025.
“I'm pleased with the tremendous accomplishments achieved by the team on the LNG Canada project, including the first shipment of LNG. We received a contract award to update the FEED package for a proposed phase 2 expansion, and this week an agreement was reached on our COVID claims and other matters,” said Jim Breuer, chief executive officer of Fluor. “Unfortunately, our results for the quarter were impacted by three long-standing infrastructure projects and a shift in expected capital spending from some clients. We view this shift as temporary and believe that our long-term strategy centered around disciplined project delivery in growth markets will continue to benefit our clients and our shareholders.”...
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23.07.25 - 23:24
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Orbia Announces Second Quarter 2025 Financial Results (Business Wire)
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MEXICO CITY--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) (“the Company” or “Orbia”) today released unaudited results for the second quarter of 2025.
Orbia delivered revenues of $1.97 billion and EBITDA of $300 million for the second quarter of 2025, despite continued challenging market conditions in many parts of the world. However, we are beginning to observe early signs of stabilization and slight improvement in select markets. The Company made meaningful progress on its operational efficiency initiatives and maintained or improved its market position across most business groups.
Q2 2025 Financial Highlights
(All metrics are compared to Q2 2024 unless otherwise noted)
Net revenues of $1,967 million were flat year-over-year, driven by lower revenues in Polymer Solutions and Building & Infrastructure offset by higher revenues in Fluor & Energy Materials, Connectivity Solutions and Precision Agriculture.
EBITDA of $300 million decreased 10%, primarily driven by Polymer ...
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12.07.25 - 01:30
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Massive Rare Earths Elements Deposit Confirmed In Wyoming (ZeroHedge)
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Massive Rare Earths Elements Deposit Confirmed In Wyoming
By John Paul Hamsptead of FreightWaves
In a groundbreaking moment for the American mining industry, the Fluor Corporation has confirmed the feasibility of large rare earth element deposits at Ramaco Resources' Brook Mine in Wyoming. This announcement marks a significant step towards redefining the United States' position in the critical minerals market. The confirmation by Fluor not only solidifies the economic potential of the Brook Mine but also positions Ramaco Resources as a key player in reducing the country's dependency on foreign sources of rare earth elements.
Ramaco Resources, initially known for its operations as a metallurgical coal miner, was thrust into the spotlight with this unexpected discovery. The company, headquartered in Lexington, Kentucky, had been primarily focused on coal mining in Appalachia. The Brook Mine project represents a strategic pivot for Ramaco, leveraging its mining expertise to tap into the lucrat...
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10.07.25 - 22:36
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Ramaco Resources CEO: We Are in a Mineral War with China (Bloomberg)
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Ramaco Resources Inc. shares rose as much as 30%, the most intraday since March, after Fluor Corp. completed a preliminary economic assessment of the company's Brook Mine. Ramaco's mine is set to open the mine tomorrow alongside U.S. Secretary of Energy Chris Wright, Wyoming Governor Mark Gordon, U.S. Senators John Barrasso and Cynthia Lummis, U.S. Representative Harriet Hageman and former U.S. Senator and Ramaco Board member Joe Manchin. Randall Atkins said rare earth minerals can be found in coal, and he expects the mine to expect to be able to provide these essential materials for decades to come. (Source: Bloomberg)...
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