Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for the second quarter of $7.2 billion, an increase of 0.9 percent compared to the same period a year ago. Profit for the manufacturer increased 0.1 percent to $161.4 million.
The company saw strong growth in the oil & gas segment, which was largely offset by a decline in the government segment due primarily to the impact of a charge of $17 million, relating to the resolution of the company’s final outstanding embassy claim. Sales growth in the oil & gas and power segments was offset by lower revenue in industrial & infrastructure and government.
For the first six months, sales were $14.4 billion, an increase of 7.1 percent year-over-year. Profit increased 3.7 percent to $327.9 million.