USA: Fluor Reports Second Quarter Results Improvement in Industrial, Infrastructure & Power

Editor: Alexander Stark

Fluor announced financial results for its second quarter ended June 30, 2016.

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Irving/USA – According to the financial results, net earnings attributable to Fluor for the second quarter were $ 102 million, or $ 0.72 per diluted share, compared to $ 149 million, or $ 1.00 per diluted share a year ago. Consolidated segment profit for the quarter was $ 230 million, compared to $ 282 million a year ago.

Segment profit results reflect improvement in Industrial, Infrastructure & Power, which was offset by a decline in Energy, Chemicals & Mining due to lower mining activity and forecast revisions on two projects. Second quarter revenue of  $4.9 billion compares to $ 4.8 billion in the prior year.