Fluor Corporation reported for the full year 2009 earnings of $148.7 million, or $0.83 per share, on sales of $5.479 billion. That compares to the prior year earnings of $189.5 million, or $1.04 per share, on sales of $6.071 billion.
"Fluor's strong earnings in 2009, including great performance from the Oil & Gas, Power and Government segments, were surpassed only by our record results in 2008," said Chairman and Chief Executive Officer Alan Boeckmann. "Regarding current market conditions, while we are encouraged by the notable uptick in front-end engineering activity, we continue to experience uncertainty as overall capital investment in most industrial markets lags behind pre-recession levels."
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by Michael Oliveto
Flour Corp. Monday said its third-quarter net profit fell to $162 million, or 89 cents per share, from $182 million, or $1.00 per share, in the same quarter a year before. Revenue fell 4 percent to $5.42 billion.
Analysts had expected 90 cents per share on revenue of $5.49 billion,
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by Larry Etter
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