The 2020 Mid-Year Economic Update_long

Fluor Sales Down 2.7% in 1Q

Profit decreased 27.6 percent in the first quarter.

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for the first quarter of $4.4 billion, down 2.7 percent year-over-year. Profit decreased 27.6 percent to $104.3 million.

For the first quarter, energy, chemicals & mining segment sales in the first quarter decreased 20 percent to $2.4 billion; industrial, infrastructure & power sales for the quarter increased 52 percent to $833 million; maintenance, modification & asset integrity sales increased 23.6 percent to $461 million; and government sales increased 6.2 percent to $686 million.

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