Fluor Sales Down 21.3% in 2014 - Modern Distribution Management

Log In

Fluor Sales Down 21.3% in 2014

Fourth quarter sales down 13.3 percent.

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported full year sales for 2014 of $21.5 billion, a decrease of 21.3 percent from last year. Profit decreased 23.5 percent to $510.9 million from the previous year.

Fourth quarter sales were $5.5 billion, a decrease of 13.3 percent from the same period the previous year. Profit increased 28.6 percent to $214.5 million.

Oil & gas segment sales for 2014 decreased 1.3 percent from last year to $11.4 billion, reflecting increased contributions from upstream and petrochemical projects. Sales for the quarter were $2.6 billion, a 13.7 percent decrease from the same period the previous year.

Industrial & infrastructure sales for the full year decreased 45.3 percent to $6.1 billion due to lower contributions from the mining and metals business line. Sales for the quarter were $1.7 billion, a 23.2 percent decrease year-over-year.

Government group sales for 2014 decreased 8.6 percent to $2.5 billion, while fourth quarter sales increased 8.8 percent year-over-year to $705 million.

Global services sales decreased 4.4 percent to $585 million, mainly driven by reductions in the equipment business line’s mining-related activities and the withdrawal of equipment from Afghanistan. Sales for the fourth quarter were $156.7 million, a 0.7 percent decrease compared to the same period a year ago.

Power group sales decreased 28 percent to $1 billion for 2014, due to lower contributions from solar and gas-fired projects nearing completion. Sales for the quarter were $312.3, a 10.8 percent increase year-over-year.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.