Fluor Sales Down 0.3% in 2Q - Modern Distribution Management

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Fluor Sales Down 0.3% in 2Q

Company reports loss of $24 million for the quarter.

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for the second quarter of $4.7 billion, down 0.3 percent year-over-year. The company reported a loss of $24 million, compared to a profit of $101.8 million in the second quarter of 2016.

Energy, chemicals and mining segment sales of $2.3 billion was down from $2.5 billion in the second quarter of 2016. Industrial & infrastructure sales for the quarter were flat at $1 billion. Government group sales for the quarter increased to $744 million from $658 million. And diversified services segment sales decreased to $641 million from $712 million.

Year-to-date sales were $9.6 billion, up 2.9 percent over the prior-year period. Profit was $36.6 million, down from $206.1 million the same period a year ago.

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