March 2, 2006 |
Engineering and construction company Fluor Corp. reported higher profit in the fourth quarter, helped by a favorable tax audit settlement. The Aliso Viejo company said net income was $65.1 million, or 74 cents a share, compared with $47.9 million, or 57 cents, a year earlier. Revenue rose 45% to $4 billion, reflecting strong growth in all of Fluor's business sectors, the company said.
January 26, 2006 |
Engineering and construction group Fluor Corp. of Aliso Viejo expects new orders during 2005 to be in line with figures for 2004, its top executive said Wednesday. "We see a very strong new order trend. 2004 was our best year ever. 2005 ... could be the same range as in 2004," Chief Executive Alan Boeckmann said at the World Economic Forum in Davos, Switzerland.
November 4, 2005 |
Construction firm Fluor Corp. said its third-quarter earnings surged past Wall Street estimates because of high revenue and a gain from an overturned judgment against the company. Aliso Viejo-based Fluor, whose projects include refineries, power plants and factories, earned $131.2 million, or $1.51 a share, more than double the year-earlier net income of $47.3 million, or 57 cents. Revenue totaled $3.42 billion, up 45% from last year's $2.36 billion.
November 2, 2005 |
Fluor Corp. has agreed to pay the federal government $12.5 million to resolve a whistle-blower suit that the Aliso Viejo-based construction and engineering company padded bills for government work in the mid-1990s. The settlement ends a five-year legal battle initiated by Cosby Coleman, a former senior finance manager, who alleged that Fluor improperly billed the federal government for company overhead expenses that were not directly related to government contracts.
October 10, 2005 |
Fluor Corp., the biggest publicly traded U.S. construction and engineering company, won a $1-billion contract to expand gas processing facilities in the Persian Gulf, benefiting from a regional construction boom. The work is for the Habshan Gas Complex in the United Arab Emirates and will be finished in the middle of 2008, said Abu Dhabi Gas Industries Ltd., or Gasco, as it's also known. The company, majority owned by the Abu Dhabi government, didn't give any more details.
August 24, 2005 |
Engineering and construction firm Fluor Corp. said that it had settled all outstanding disputes with an owners' group on its Hamaca oil project in Venezuela and that arbitration proceedings had been dismissed. The settlement will take deferred project costs off Fluor's balance sheet, and the Aliso Viejo-based company will recognize a gain of $30 million in pretax earnings, Fluor said in a regulatory filing.