January 23, 1990 |
Fluor Corp. said Monday that it has received three new contracts valued at more than $117 million. Fluor Daniel Inc., the largest subsidiary of Irvine-based Fluor Corp., has obtained a $100-million contract from DuPont Canada to help design and build a hydrogen peroxide manufacturing plant in Alberta. The plant is scheduled to be completed by mid-1991. Fluor Daniel won a second Canadian contract from Procter & Gamble Inc.
July 17, 1992 |
Fluor Corp.'s subsidiary that specializes in government work has won the largest contract in its seven-year history, the Irvine-based engineering and construction giant said Thursday. FD Services Inc. was awarded a five-year, $121-million contract by the U.S. Department of Energy. The company will operate federally owned oil fields and oil shale properties in Colorado, Utah and Wyoming. The four sites were set aside by the government in 1915 to supply fuel to the military.
June 3, 1994 |
Fluor Corp.'s stock rose about 4% Thursday after the giant construction and engineering company reported better-than-expected quarterly earnings. The company posted a profit of $47.7 million, or 58 cents a share, for its second fiscal quarter, which ended April 30. That compared to earnings of $42 million, or 51 cents a share, for the same period a year earlier. Revenue was $2.1 billion, up 4% from $2 billion a year earlier. For the six-month period, Fluor said its earnings rose to $91.
January 24, 1999 |
Fluor Corp., one of the world's largest construction and engineering companies, plans to sell as much as $500 million in debt securities, according to a report filed Friday with the Securities and Exchange Commission. The Irvine-based company said it would use proceeds from the sale for general corporate purposes, which may include working capital, capital expenditures, stock purchase programs, repayment and refinancing of debt, and acquisitions, according to a shelf registration statement.
August 7, 1998 |
A Fluor Corp. joint venture received a $100-million contract from a Dow Chemical Co. venture to design and build a plant in Argentina to produce ethylene and other feedstock chemicals for making plastics. Irvine-based Fluor, the largest engineering and construction company in the United States, and Buenos Aires-based Perez Compac SA expect to begin construction on the plant in Bahia Blanca in September and complete the $300-million project within two years.
December 2, 1997 |
Fluor Corp. still isn't making analysts happy as it struggles with external and internal problems that have kept it from achieving the kind of profits the investment community expects. But even with its woes, Irvine-based Fluor still is king of the hill in its core engineering and construction services businesses, according to Fortune magazine, which recently asked companies in a variety of industry segments around the globe to rank their peers.
November 5, 1999 |
A federal judge has unsealed a whistle-blower lawsuit accusing a Fluor Corp. subsidiary of overbilling the government for $9.3 million in contract overhead expenses. The U.S. attorney's office said it would take over prosecution of the civil lawsuit filed under seal in 1997 by a former certified public accountant for Fluor Daniel of Aliso Viejo. Under federal procedures, whistle-blower lawsuits are sealed until federal prosecutors decide whether to intervene on behalf of the complaining party.
December 29, 2000 |
Fluor Corp., a worldwide construction and engineering company, said Thursday that it expects to take a charge of $13 million to $17 million in the last two months of the year for costs related to the split-up of the company. The charge, amounting to 17 cents to 22 cents a share, will be taken for the so-called stub period, the final months of its old reporting period as the Aliso Viejo company changes over to reporting results on a calendar-year basis. Its fiscal year had ended in October.