◆ Contrarian Corpus
Campaigns / Starboard Value → Fluor Corporation
Starboard Value vs. Fluor Corporation

Fluor Corporation · FLR

1 deck published between unknown and unknown — 35 pages, 35 analysed slides total. Outcome: ongoing.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. — initial thesis

    2025 02 2025_Active Passive_Investor_Summit_ _Fluor_Corporation

    35pp · conference_presentation

    Fluor's $4bn NuScale stake masks a transformed EPCM core trading at just 2.8x EBITDA; separating NuScale unlocks a re-rating to peer 6-13x multiples.