Articles from Fluor Corporation

Fluor Corporation (NYSEFLR) announced today that its Mining & Metals business was awarded a joint venture contract with Hatch to perform engineering, procurement and construction management (EPCM) for BHP’s proposed Olympic Dam Smelter & Refinery Expansion Project in South Australia, which remains subject to Final Investment Decision by BHP. Fluor will recognize its undisclosed portion of the contract value in the fourth quarter of 2024.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2024. The public is invited to listen to the conference call on Tuesday, February 18, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today that it has signed a Front-end Engineering and Design (FEED) contract with Heidelberg Materials for its GeZero project to integrate an industrial-scale carbon capture and storage solution into its cement production facility in Geseke, Germany. Fluor will recognize the undisclosed contract value in the fourth quarter of 2024.

Fluor Corporation (NYSEFLR) announced today that after more than three decades of service, Executive Vice President and Chief Financial Officer (CFO), Joe Brennan, will retire effective July 1, 2025. Fluor’s Board of Directors has appointed John Regan as his successor, effective March 1, 2025.

Fluor Corporation (NYSEFLR) announced today that its joint venture (JV) has received a limited notice to proceed (LNTP) for the design phase of Units 3 & 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., signed the contract during a ceremony at the United Nations COP29 climate change conference in Baku, Azerbaijan earlier today. It marks a significant milestone in Romania's advancement of sustainability and energy security for the region. The Fluor-led JV consists of Fluor, AtkinsRéalis, Sargent & Lundy and Ansaldo Nucleare.

Fluor Corporation (NYSEFLR) today announced that Joe Brennan, Chief Financial Officer and Jason Landkamer, Executive Director, Investor Relations will participate in two investor conferences during the fourth quarter of 2024:

Fluor Corporation (NYSEFLR) announced financial results for its third quarter ended September 30, 2024. Revenue for the quarter was $4.1 billion and net earnings attributable to Fluor were $54 million, or $0.31 per diluted share. Consolidated segment profit1 for the quarter was $117 million compared to $276 million profit in the third quarter of 2023. Results for the quarter reflect lower than expected contributions from the Energy Solutions segment. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $0.51.

Fluor Corporation (NYSEFLR) announced today that the U.S. Department of Energy (DOE) has approved Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., with Fluor and Amentum – to begin the Hanford Integrated Tank Disposition Contract. The contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting beginning in the fourth quarter of 2024.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its third quarter ended September 30, 2024. The public is invited to listen to the conference call on Friday, November 8, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced last Friday during its second quarter earnings call the appointments of a new Chief Operating Officer (COO) and Chief Legal Officer (CLO), effective today.

Fluor Corporation (NYSEFLR) announced financial results for its second quarter ended June 30, 2024. Revenue for the quarter was $4.2 billion and net earnings attributable to Fluor were $169 million, or $0.97 per diluted share. Consolidated segment profit1 for the quarter was $194 million compared to $191 million profit in the second quarter of 2023. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $0.85.

Fluor Corporation (NYSEFLR) announced today that it has signed a contract with RoPower Nuclear for Phase 2 front-end engineering and design (FEED) work at its small modular reactor (SMR) facility in Doicesti, Romania. Fluor will recognize the contract as a new award in the third quarter of 2024. Fluor completed Phase 1 FEED work in the fourth quarter of 2023.

Fluor Corporation (NYSEFLR) and its partners today celebrated the official deck connection of the Gordie Howe International Bridge spanning the Detroit River. Measuring a half-mile (853 meters), the bridge connects Windsor, Ontario, Canada, and Detroit, Michigan, United States. It is the longest cable-stayed bridge in North America and 10th longest in the world. The bridge also has the distinction of being the longest composite steel and concrete decked cable-stayed bridge in the world.

Fluor Corporation (NYSEFLR) is pleased to announce completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada. This marks a pivotal moment in the construction of one of the largest energy projects in Canadian history.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its second quarter ended June 30, 2024. The public is invited to listen to the conference call on Friday, August 2, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today that its Advanced Technologies & Life Sciences business has been awarded an engineering, procurement and construction management (EPCM) services contract for Phase One of Northvolt’s large-scale lithium-ion battery factory in Heide, Germany. Fluor will recognize its undisclosed portion of the total $4.8 billion (€4.5 billion) project in the second quarter of 2024.

Fluor Corporation (NYSEFLR) announced today that the U.S. Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) selected PanTeXas Deterrence LLC – a joint venture led by a BWX Technologies, Inc. subsidiary, together with Fluor; SOC, a Day & Zimmermann Company; and The Texas A&M University System – for the management and operations of the Pantex Plant located outside of Amarillo, Texas. Following an initial term of five years, NNSA has the ability to award three additional five-year option periods. If all contract options are exercised, the contract will span 20 years at a funding level of approximately $30 billion.

Fluor Corporation (NYSEFLR) today announced that management will be participating in the following investor conferences:

Fluor Corporation (NYSEFLR) announced today that its joint venture with Austin Bridge & Road – Lone Star Constructors, NEX – has broken ground on Phase 1 of the Interstate 35 (I-35) Northeast Expansion (NEX) South project in San Antonio, Texas, for the Texas Department of Transportation (TxDOT). Fluor was awarded the $700 million design-build project in the second quarter of 2023.

Fluor Corporation (NYSEFLR) announced today that it has opened a new office in Vadodara, India, to support growth of its global project execution. Fluor senior management and personnel gathered today at the new location, at the Notus IT Park, to commemorate the event. Fluor has maintained a presence in India since 1995 and currently has approximately 1,600 personnel at its office in New Delhi.

Fluor Corporation (NYSEFLR) announced financial results for its first quarter ended March 31, 2024. Revenue for the quarter was $3.7 billion and net income attributable to Fluor was $59 million, or $0.34 per diluted share. Consolidated segment profit1 for the quarter was $118 million compared to a $15 million loss in the first quarter of 2023. Results for the quarter include $29 million in cost growth for a construction only subcontract executed by our joint venture entity in Mexico. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company had adjusted EBITDA1 of $88 million and adjusted earnings per diluted share1 of $0.47 for the first quarter.

Fluor Corporation (NYSEFLR) and longstanding client SunCoke Energy, Inc. (SunCoke) have announced a seven-year contract extension at its five coke plants in the United States. Fluor will recognize the undisclosed value of the contract as a new award in the first quarter of 2024.

A Fluor Corporation (NYSEFLR) project reached a major milestone recently with the production startup of the Braya Renewable Fuels facility in Come by Chance, Newfoundland and Labrador, Canada. Fluor provided engineering and procurement (EP) services to convert the idled petroleum refinery into a modern facility that produces renewable diesel fuel from soybean oil and other low carbon intensity feedstocks.

Fluor Corporation (NYSEFLR) announced today that it has been awarded a position on the Global Contingency Services Multiple Award Contract III by the United States Naval Facilities Engineering Systems Command (NAVFAC) Pacific. As one of six companies selected for the indefinite delivery/indefinite quantity contract, Fluor is eligible to compete for specific task orders with a combined value not to exceed $2 billion for up to 102 months.

Fluor Corporation (NYSEFLR) announced today that the U.S. Air Force Installation Contracting Agency awarded the company a task order contract for Pavement and Transportation Support North Field, Tinian, Commonwealth of the Northern Mariana Islands (CNMI). The task order was awarded under the Air Force Contract Augmentation Program V (AFCAP V). The cost-plus, fixed-fee task order has a 60-month period of performance and is valued at approximately $409 million.

Fluor Corporation’s (NYSEFLR) Mining & Metals business announced today that first gold has been achieved at Gold Fields’ Salares Norte mining project in Chile. Salares Norte is a high-grade gold-silver, open-pit deposit in the Atacama region of northern Chile at an altitude of between 12,750-15,400 feet (3,900-4,700 meters) above sea level.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its first quarter ended March 31, 2024. The public is invited to listen to the conference call on Friday, May 3, 2024 at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today that the U.S. Department of Energy (DOE) selected Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., together with Fluor and Amentum – to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting.

Fluor Corporation (NYSEFLR) announced financial results for its year ended December 31, 2023. Revenue for 2023 was $15.5 billion and net income attributable to Fluor was $139 million, or $0.54 per diluted share. Consolidated segment profit1 for the year was $537 million compared to $427 million in 2022. Including the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted EBITDA1 of $613 million and adjusted diluted earnings per share1 of $2.73 for 2023.

Fluor Corporation (NYSEFLR) today announced that Jason Landkamer, Executive Director- Investor Relations will be hosting one on one meetings at the following investor conferences:

Fluor Corporation (NYSEFLR) announced today that the U.S. Federal Emergency Management Agency (FEMA) has selected Fluor to provide recovery services under the Public Assistance Technical Assistance Contracts V (PA TAC V) for their East Zone region. PA TAC V supports FEMA’s distribution of public assistance following presidentially declared disasters or emergencies. The indefinite delivery/indefinite quantity contract has a one-year base period with four one-year option periods and is valued at up to $525.6 million.

Fluor Corporation (NYSEFLR) announced today that Chevron New Energies has signed a license agreement with Fluor to use its proprietary Econamine FG PlusSM carbon capture technology to reduce carbon dioxide (CO2) emissions at Chevron’s Eastridge Cogeneration facility in Kern County, California. Fluor recognized the undisclosed license award in the fourth quarter.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2023. The public is invited to listen to the conference call on Tuesday, February 20, at 9:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today that Lisa Glatch, a former executive at Sempra Energy, was elected to its Board of Directors effective January 15, 2024. Glatch will serve on the Board’s Audit Committee and the Commercial Strategies and Operational Risk Committee, bringing the total number of Fluor Board members to ten, nine of whom are independent.

As previously announced and recognized in the third quarter on a confidential basis, Fluor Corporation (NYSEFLR) was awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada.

Fluor Corporation (NYSEFLR) today announced that management will be participating in the following investor conferences:

Fluor Corporation (NYSEFLR) announced today that its Mining & Metals business has been selected by BHP Canada to develop Stage 2 of its multibillion-dollar Jansen potash project in Saskatchewan, Canada. Fluor expects to recognize its undisclosed reimbursable contract value in the fourth quarter of 2023.

Fluor Corporation (NYSEFLR) announced financial results for its third quarter ended September 30, 2023. Revenue for the quarter was $4.0 billion and net earnings attributable to Fluor were $206 million, or $1.15 per diluted share. Consolidated segment profit1 for the quarter was $276 million compared to $31 million profit in the third quarter of 2022. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $1.02.

Fluor Corporation (NYSEFLR) announced today that its Advanced Technologies & Life Sciences business line has been selected by Altris AB to provide front-end engineering and design (FEED) services for the world’s first industrial-scale sodium-ion battery production facility in Sandviken, Sweden. Fluor recognized the undisclosed contract value in the third quarter of 2023.

Fluor Corporation (NYSEFLR) announced today that Stork UK, a Fluor company, has secured a three-year contract with Sellafield Ltd for its nuclear site in the United Kingdom. Fluor will recognize the contract value in the third quarter of 2023.

Fluor Corporation (NYSEFLR) announced today that it has completed construction of Bayer’s first global Cell Therapy Launch Facility in Berkeley, California. Completion was celebrated October 10, 2023, at the new facility with local officials, dignitaries, Bayer employees and clients.

Fluor Corporation (NYSEFLR) announced today that its U.S. Department of Energy’s National Nuclear Security Administration (NNSA) contract with Fluor Marine Propulsion, LLC, a Fluor-owned special purpose entity, was extended for five years through 2028. Originally awarded in 2018, the contract had a five-year base period of performance, with a five-year option. Consistent with the original contract, Fluor will recognize all fees earned with this new extension as equity income.

Fluor Corporation (NYSEFLR) announced today that it has been awarded a contract for front-end engineering and design (FEED) and procurement services by Cormorant Clean Energy, LLC – a subsidiary of 8 Rivers Capital, LLC – for the construction of a low-carbon blue ammonia production facility. The contract will be recognized in the third quarter of 2023.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its third quarter ended September 30, 2023. The public is invited to listen to the conference call on Friday, November 3rd, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) (the “Company” or “Fluor”) announced today that it has exercised its mandatory conversion rights on its outstanding Series A 6.50% Cumulative Perpetual Convertible Preferred Stock (the “Preferred Stock”). All of the outstanding shares of Preferred Stock will automatically convert to shares of the Company’s common stock, $0.01 par value (“Common Stock”) plus a cash payment equal to the Mandatory Conversion Make-Whole Amount, effective September 27, 2023 (the “Mandatory Conversion Date”). For each share of Preferred Stock, holders of Preferred Stock will receive 44.9585 shares of Common Stock and a cash payment of $45.23 in respect of the Mandatory Conversion Make-Whole Amount. Fractional shares of Common Stock will be rounded up to the nearest whole share. All dividends on the Preferred Stock will cease to accumulate on the Mandatory Conversion Date, and no payment or adjustment shall be made upon conversion of Preferred Stock for accumulated dividends since the last record date.

Fluor Corporation (NYSEFLR) announced today that it has agreed to sell its Stork business in Belgium, Germany, the Netherlands and its turbo blading manufacturing operation in the United States to industrial services provider Bilfinger SE.

Fluor Corporation (NYSEFLR) announced today that the Company has entered into a settlement agreement with the U.S. Securities and Exchange Commission (“SEC”) resolving the previously disclosed SEC investigation of the Company. As reflected in the administrative Order (“Order”) filed by the SEC today, the investigation pertained to the Company’s accounting on two lump sum engineering, procurement and construction contracts. The Company settles the matter neither admitting nor denying the SEC’s findings in the Order.

Fluor Corporation (NYSEFLR) (“Fluor” or the “Company”) today announced the expiration of its cash tender offer to purchase (the “Offer”) any and all of the outstanding 3.500% Senior Notes due 2024 (the “2024 Notes”). The tender offer described herein was made on the terms and conditions set forth in the Offer to Purchase, dated August 7, 2023 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. The tender offer expired at 5:00 p.m., New York City time, on August 11, 2023 (the “Expiration Date”). The settlement date for the Offer will be on or about August 16, 2023 (the “Settlement Date”).

Fluor Corporation (NYSEFLR) (“Fluor” or the “Company”) today announced the pricing of its cash tender offer to purchase (the “Offer”) any and all of the outstanding 3.500% Senior Notes due 2024 (the “2024 Notes”) on the terms set forth in the table below. The table below sets forth the applicable Reference Yield and Consideration for the 2024 Notes, as calculated at 11:00 a.m., New York City time, today, August 11, 2023, in accordance with the Offer to Purchase.

Fluor Corporation (NYSEFLR) (“Fluor” or the “Company”) today announced the pricing of $500 million aggregate principal amount of 1.125% Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”). In connection with the Offering, Fluor has granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amount of the Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on August 10, 2023, subject to customary closing conditions.

Fluor Corporation (NYSEFLR) (“Fluor” or the “Company”) today announced that it has commenced a cash tender offer to purchase (the “Offer”) any and all of the outstanding 3.500% Senior Notes due 2024 (the “2024 Notes”) as set forth in the table below.

Fluor Corporation (NYSEFLR) (“Fluor” or the “Company”) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate principal amount of Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”). In connection with the Offering, Fluor expects to grant the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amount of the Notes on the same terms and conditions.

Fluor Corporation (NYSEFLR) announced financial results for its second quarter ended June 30, 2023. Revenue for the quarter was $3.9 billion and net earnings attributable to Fluor were $61 million, or $0.35 per diluted share. Consolidated segment profit1 for the quarter was $191 million compared to $108 million profit in the second quarter of 2022. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $0.76.

Fluor Corporation (NYSEFLR) announced today that it has been awarded a contract by LanzaTech UK Limited to provide front-end engineering and design (FEED) services for one of the United Kingdom’s (UK) first planned commercial sustainable aviation fuel (SAF) facilities in Port Talbot, Wales. Fluor recognized the award in the second quarter of 2023.

Fluor Corporation (NYSEFLR) announced today that Lone Star Constructors, a Fluor-led joint venture, was selected as the design, construction and capital maintenance contractor for the Interstate 35 (I-35) Northeast Expansion (NEX) South Project in San Antonio, Texas, by the Texas Department of Transportation (TxDOT). Fluor expects to recognize the approximately $700 million contract in the second quarter of 2023.

Fluor Corporation (NYSEFLR) announced today that it has been awarded a $487 million biotech expansion project in Denmark and is also mobilizing resources in the central U.S. for the first phase of a new life sciences production facility valued at $574 million. Fluor will recognize these reimbursable contracts in the second quarter backlog.

Fluor Corporation (NYSEFLR) announced today that it was awarded an engineering, procurement and construction (EPC) contract by Mitsubishi Chemical Group for its SoarnoL™ ethylene vinyl alcohol copolymer (EVOH) facility in Saltend Chemicals Park, Hull, United Kingdom. Fluor booked its undisclosed portion of the contract in the second quarter of 2023.

With the arrival of the last module by ship from its fabrication yard in Zhuhai, China, Fluor Corporation (NYSEFLR) announced today that it has completed the module fabrication program on the LNG Canada project in Kitimat, British Columbia, Canada. This significant milestone marks the completion of a critical phase in the construction of a large terminal for the liquefication, storage and loading of liquified natural gas (LNG) for export to global markets.

Fluor Corporation (NYSEFLR) announced today that the U.S. Department of Energy (DOE) selected Southern Ohio Cleanup Company, LLC, a joint venture led by Amentum with Fluor and Cavendish Nuclear USA, to execute the Portsmouth Gaseous Diffusion Plant Decontamination and Decommissioning Contract in Piketon, Ohio. The single award Master Indefinite-Delivery/Indefinite-Quantity contract under the End State Contracting Model has an estimated value of $5.87 billion, over a 10-year ordering period, and performance of task orders issued up to an additional five years. Fluor will book its initial annual portion of the contract in the third quarter of 2023.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its second quarter ended June 30, 2023. The public is invited to listen to the conference call on Friday, August 4, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today its memorandum of understanding (MOU) with Carbfix, the world’s first carbon dioxide (CO2) mineral storage operator, to pursue integrated carbon capture and storage (CCS) solutions. Together, the companies look to minimize the impacts of climate change by helping to decarbonize hard-to-abate industries with high greenhouse gas emissions, such as steel, aluminum and cement.

Fluor Corporation (NYSEFLR) announced today that Stork, a Fluor company, has been awarded a five-year contract, plus five one-year extension options with London-based Harbour Energy. The contract extends Stork’s asset integrity services in the North Sea on Harbour Energy’s Armada, Everest, Lomond and Erskine (AELE) hub, and also extends services to Solan, the J-Area and the Great Britannia Area.

Fluor Corporation (NYSEFLR) today announced that management will be participating in the following investor conferences:

Fluor Corporation (NYSEFLR) announced financial results for its first quarter ended March 31, 2023. Revenue for the quarter was $3.8 billion and net loss attributable to Fluor was $107 million, or $0.82 per diluted share. Consolidated segment loss1 for the quarter was $15 million compared to $115 million profit in the first quarter of 2022. Results for the quarter include $80 million in charges on two legacy projects and a $60 million impact from the sale of AMECO South America. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share1 of $0.28.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its first quarter ended March 31, 2023. The public is invited to listen to the conference call on Friday, May 5, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today that it has signed a license agreement with Federated Co-Operatives Limited (FCL) for the application of Fluor’s Econamine FG PlusSM carbon capture technology at FCL’s Co-op Renewable Diesel Complex in Regina, Saskatchewan, Canada.

Fluor Corporation (NYSEFLR) announced today that it has signed a memorandum of understanding (MOU) with Longview Fusion Energy Systems, Inc. to serve as its engineering and construction partner in designing and planning laser fusion energy for the global energy market.

Fluor Corporation (NYSEFLR) announced today that the U.S. Department of Energy (DOE) selected Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., with Fluor and Amentum – to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state.

Fluor Corporation (NYSEFLR) announced today that the company sold its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group, a diversified strategic partner to the mining sector in the Americas.

Fluor Corporation (NYSEFLR) announced financial results for its year ended December 31, 2022. Revenue for 2022 was $13.7 billion and net income from continuing operations attributable to Fluor was $145 million, or $0.73 per diluted share. Consolidated segment profit2 for the year was $427 million compared to $415 million in 2021. Excluding the adjustments outlined in the reconciliation table at the end of this release, the company recognized adjusted earnings per diluted share2 of $0.82 for 2022. Results for the year reflect an average tax rate of 70% due to the current mix of global earnings and losses in jurisdictions that provide no tax benefit.

Fluor (NYSEFLR) announced today that it was awarded a reimbursable contract by Dow to provide front-end engineering and design (FEED) and engineering, procurement and construction management (EPCM) services for the world’s first net-zero carbon emissions (scope 1 and 2 carbon dioxide emissions) ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada. Fluor will book the initial FEED award in the first quarter and anticipates the additional EPCM scope will be awarded throughout 2023 pending a final investment decision by Dow’s Board of Directors.

Fluor Corporation (NYSEFLR) announced today that its Advanced Technologies & Life Sciences business was selected by Agilent Technologies, Inc., to expand its oligonucleotide therapeutics manufacturing facility in Frederick, Colorado, just north of Denver. Fluor is supporting engineering and procurement as part of the project. The total project value is $725 million.

Fluor Corporation (NYSEFLR) announced today that its joint venture with Ballast Nedam, ALSÉÉN, signed the contract with the Ministry of Public Works and Water Management (Rijkswaterstaat) to perform design, construction and maintenance services for the A27 motorway project from Everdingen to Hooipolder in the Netherlands. Fluor will book its share of the $436 million (€414 million) contract in the first quarter of 2023.

Fluor Corporation (NYSEFLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2022. The public is invited to listen to the conference call on Tuesday, February 21, at 8:30 A.M. Eastern time with Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan. Financial results will be released prior to market open that day.

Fluor Corporation (NYSEFLR) announced today that it was selected by Hellas Gold Single Member S.A., a wholly-owned subsidiary of Eldorado Gold Corp., to provide engineering, procurement and construction management (EPCM) services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece. Fluor booked its share of the $845 million project investment value in the fourth quarter of 2022.