Fluor’s Second-Quarter Profit Jumps 119% After Strong Performances in All Sectors, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — Fluor Corporation (NYSE:FLR) (Irving, Texas), an engineering, procurement and construction major, has reported that its second-quarter profit has more than doubled to $209 million, up 119%, compared with $96 million in the same period last year. Alan Boeckmann, Fluor’s Chairman and CEO, said all of the company’s business segments have contributed to the overall growth. He said the company is likely to continue to benefit from strong demand in its key markets worldwide. Fluor’s revenue rose 37% to $5.8 billion, an increase largely attributed to the Oil & Gas and Power industries, including the sale of its joint-venture interest in the Greater Gabbard offshore windfarm project in the United Kingdom. Industrial Info has been tracking the $540 million, 300-megawatt project since March 2004 when Airtricity Holdings Limited was the owner. Industrial Info is tracking a total of 242 active projects for which Fluor has been awarded contracts.
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SOURCE: Industrial Info Resources