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.