Earnings Per Share

9 Months Ended

Sep. 30, 2021

Potentially dilutive securities include CPS, stock options, RSUs, restricted stock and performance-based award units. Diluted EPS reflects the assumed exercise or conversion of all dilutive securities using the if-converted and treasury stock methods. In computing diluted EPS, only securities that are actually dilutive are included.


(in thousands, except per share amounts)	3ME September 30,				9ME September 30,
	2021		2020		2021		2020

Net earnings (loss) from Cont Ops attributable to Fluor	$	46,730	$	21,518	$	(20,911)	$	28,206
Less: Dividends on CPS	9,750		—		14,625		—
Net earnings (loss) from Cont Ops available to Fluor common stockholders	36,980		21,518		(35,536)		28,206
Net earnings (loss) from Disc Ops attributable to Fluor	(6,261)		(2,177)		(140,090)		(299,814)
Net earnings (loss) available to Fluor common stockholders	$	30,719	$	19,341	$	(175,626)	$	(271,608)












Weighted average common shares outstanding	141,412		140,598		141,229		140,465
Diluted effect:
CPS(1)	—		—		—		—
Stock options, RSUs, restricted stock and performance-based award units(2)	—		570		—		464
Weighted average diluted shares outstanding	141,412		141,168		141,229		140,929

Basic EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops	$	0.26	$	0.15	$	(0.25)	$	0.20
Net earnings (loss) from Disc Ops	(0.04)		(0.01)		(0.99)		(2.13)

Diluted EPS available to Fluor common stockholders:
Net earnings (loss) from Cont Ops	$	0.26	$	0.15	$	(0.25)	$	0.20
Net earnings (loss) from Disc Ops	(0.04)		(0.01)		(0.99)		(2.13)


Anti-dilutive securities not included in shares outstanding:
(1) CPS	26,975		—		13,240		—
(2) All others	1,618		—		1,743		—