The 2020 Mid-Year Economic Update_long

Fluor Sales Decrease 19.4% in 3Q

Company's third-quarter profit jumps 146.5 percent.

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for the third quarter of $4.4 billion, a decrease of 19.4 percent compared to the same period a year ago. Profit increased 146.5 percent to $171.3 million.

Oil & gas segment sales of $2.4 billion was down 26.2 percent from the third quarter of 2014. Industrial & infrastructure sales for the quarter were $927.5 million, down 21.7 percent from a year ago.

Government group sales for the quarter increased 7.4 percent to $660.7 million, while global services sales declined 14.1 percent to 120.2 million and power business sales increased 13.5 percent to $268.9 million.

Year-to-date sales were $13.7 billion, down 14.5 percent over the prior-year period. Profit increased 56.5 percent to $463.8 million.

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