$FLR (Fluor Corporation)

$FLR {{ '2015-11-10T19:31:41+0000' | timeago}} • SEC

In August 2015, $FLR entered into an agreement to form COOEC Fluor Heavy Industries Co., Ltd. (CFHI), a JV with $FLR having a 49% ownership interest and Offshore Oil Engineering Co., Ltd.having a 51% ownership interest. Through CFHI, the two companies will own, operate and manage the Zhuhai Fabrication Yard in China's Guangdong province.

$FLR {{ '2017-10-19T15:44:28+0000' | timeago}} • Announcement

$FLR was awarded a contract by the US Army Corps of Engineers Huntsville (Alabama) Engineering Center to help restore electric power to Puerto Rico. The six-month single award task order is valued at approx. $240MM.

$FLR {{ '2017-10-09T12:24:37+0000' | timeago}} • Announcement

$FLR was selected by $LYB to perform the engineering and procurement for its propylene oxide and tertiary butyl alcohol project located at its Channelview and Bayport complexes outside of Houston. Fluor booked the undisclosed contract value into backlog in 3Q17.

$FLR {{ '2017-10-03T22:14:49+0000' | timeago}} • Announcement

$FLR said Stork, part of Fluor’s Diversified Services segment, received a 29-month contract from Ecopetrol S.A., to provide operations support services in production facilities and clusters for its Orinoquia Vice-Presidency project located in the central region of Colombia. Fluor booked the undisclosed contract value in 3Q17.

$FLR {{ '2017-09-27T20:53:05+0000' | timeago}} • Announcement

Diversified engineering firm $FLR said it received a contract from the US Navy for base operating support services at Joint Region Marianas, Guam. Fluor will provide various support services, including administration, port operations, ordnance, material and facility management, facility investment and general base support.

$FLR {{ '2017-08-14T11:33:20+0000' | timeago}} • Announcement

$FLR reached an agreement with Texas Central Rail Holdings LLC to advance the preliminary development of the 240-mile high-speed passenger rail line connecting Dallas/Fort Worth and Houston. After financial close, $FLR and its partners would be the preferred design-builder of the project connecting North Texas and Houston.

$FLR {{ '2017-08-07T20:23:19+0000' | timeago}} • Announcement

$FLR announced that it was awarded an engineering, procurement and construction management contract by PETRONAS Refinery and Petrochemical Corporation for an isononanol plant in Johor, Malaysia. Fluor will book the undisclosed contract value in 3Q17.

$FLR {{ '2017-08-03T15:40:35+0000' | timeago}} • Announcement

$FLR's BoD has declared a quarterly cash dividend of $0.21 per share on the company's common stock. It is payable on Oct. 3, 2017 to shareholders of record as on Sept. 5, 2017.

$FLR {{ '2017-08-02T16:06:41+0000' | timeago}} • Announcement

$FLR received a project and construction management services contract from BHP for the South Flank iron ore project located in the Pilbara region of Western Australia. $FLR will book the undisclosed contract value in 3Q17. A decision to move forward with the execution phase of the project is expected in mid-2018.

$FLR {{ '2017-07-18T11:37:36+0000' | timeago}} • Announcement

$FLR appointed Bruce Stanski as its CFO, effective Aug. 4, 2017, replacing Biggs Porter, whose retirement was previously announced in March. Porter will continue to support $FLR as an advisor on NuScale Power as well as in other capacities. Thomas D'Agostino will replace Stanski in the role of president for its Government Group.

$FLR {{ '2017-06-28T11:57:08+0000' | timeago}} • Announcement

$FLR has signed an MOU with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects within and outside Saudi Arabia. Under the MOU, Fluor would be considered for conceptual, engineering, procurement and construction management; as well as program management contracting services for future projects.

$FLR {{ '2017-06-12T20:57:07+0000' | timeago}} • Announcement

$FLR received a contract from GlobalFoundries to provide onsite maintenance and operations support for its microprocessors and water fabrication units at Burlington, Vermont and Fishkill, New York locations. $FLR will book the undisclosed contract value in 2Q17. The project will be managed through Stork, part of $FLR's diversified services segment.

$FLR {{ '2017-05-04T21:04:30+0000' | timeago}} • Announcement

In 1Q17, $FLR's Energy, Chemicals & Mining segment reported a profit of $88MM, down 56% YoY.  Industrial, Infrastructure & Power segment swung to a loss of $6.7MM from profit of $12MM in the year-over period. The Government segment reported profit of $29MM, up 70%, while Diversified Services segment profit fell 23% to $23MM.

$FLR {{ '2017-05-04T20:58:58+0000' | timeago}} • Announcement

In 1Q17, $FLR's new awards were $2.3Bil, including $817MM in Energy, Chemicals & Mining, $777MM in Industrial, Infrastructure & Power, $546MM in Diversified Services and $173MM in Government. Consolidated ending backlog of $41.6Bil compares to $46Bil a year ago.

$FLR {{ '2017-05-04T20:56:43+0000' | timeago}} • Announcement

$FLR lowered its FY17 EPS guidance to a range of $2.25-2.75, from the previous range of $2.75-3.25. The lowering of guidance was driven by lower-than-expected 1Q17 results, as well as risk around the pace of new awards.

$FLR {{ '2017-05-04T20:53:32+0000' | timeago}} • Announcement

Engineering company $FLR reported net income of $61MM, or $0.43 per share in 1Q17, compared to $104MM, or $0.74 per share a year ago. The YoY decline was primarily due to the progression of its current projects from higher margin engineering activities to lower margin construction activities. Revenue for the quarter rose 9% to $4.8Bil.

$FLR {{ '2017-05-04T16:03:04+0000' | timeago}} • Announcement

$FLR BoD has declared a quarterly cash dividend of $0.21 per share on the its common stock, payable July 5, 2017, to shareholders as on June 2, 2017.

$FLR {{ '2017-04-11T12:23:47+0000' | timeago}} • Announcement

$FLR announced its selection by a division of $MPC to execute the engineering and procurement scope for a major reconfiguration at its Galveston Bay and Texas City, Texas refineries. $FLR will book the undisclosed contract value into backlog in 1Q17.

$FLR {{ '2017-03-31T11:46:09+0000' | timeago}} • Announcement

$FLR has safely finished the mechanical construction of $DOW's new ethylene production facility in Freeport, Texas on schedule. $FLR provided engineering, procurement and construction services on the 1.5MM ton-per-year light-hydrocarbon cracker, which can use both ethane and propane as feedstock.

$FLR {{ '2017-03-09T13:06:10+0000' | timeago}} • Announcement

$FLR said COO Peter Oosterveer will retire effective March 31, 2017. Also, CFO Biggs Porter has elected to retire by year-end. Oosterveer will return home to the Netherlands, where he will assume a role in another company outside of $FLR. A search for Porter's replacement is underway, and he will remain in his role until a successor is named.

$FLR {{ '2017-02-17T15:21:55+0000' | timeago}} • Webcast

With regards to cross-border adjustment, $FLR said that it is a global company and it will be able to deal with any of the issues. The company said that border tax may have some impact on its customers and little impact on $FLR. 52% of $FLR's business is US-based and the company will have little impact in the short-term.

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