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In The News:

Fluor Sales Up 2.6% in 2017

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for 2017 of $19.5 billion, an increase of 2.6 percent from last year. Profit decreased 32 percent to $191.4 million.

Fourth-quarter sales were $5 billion, an increase of less than 1 percent from the same period the previous year. The company reported a profit of $60.3 million for the quarter down 14.5 percent over the prior year.

Energy, chemicals and mining segment sales for the quarter decreased 6.1 percent from last year to $2.4 billion. Industrial, infrastructure and power sales decreased 10.7 percent to $1 billion.

Government group sales increased 37.9 percent to $957.3 million. Diversified services sales increased 7.1 percent to $709.5 million.

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