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In The News:

Fluor Sales Up 0.1% in 2Q

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for the second quarter of $4.9 billion, up 0.1 percent year-over-year. Profit was $101.8 million, down 31.4 percent from the second quarter of 2015.

Energy, chemicals and mining segment sales of $2.5 billion was down from $3.3 billion in the second quarter of 2015. Industrial & infrastructure sales for the quarter were $1 billion, up from $581 million a year ago. Government group sales for the quarter increased to $658 million from $603 million. And maintenance, modification and asset integrity sales almost doubled to $712 million.

Year-to-date sales were $9.3 billion, down 0.8 percent over the prior-year period. Profit decreased 29.6 percent to $206.1 million.

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