reports
Fluor and SunCoke Energy Renew Maintenance and Capital Project Contrac...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. This press release features multimedia. View the full release here: SunCoke Energy coke oven (Photo: Business Wire) Since 2017, Fluor’s Operations & Maintenance business, now Plant & Facility Services, has provided maintenance and small capital project services to support SunCoke’s reliable, efficien...
Renewable Fuels Project in Canada Begins Production
IRVING, Texas--(BUSINESS WIRE)-- A (NYSE: FLR) 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. This press release features multimedia. View the full release here: Aerial view of the Braya Renewable Fuels facility in Come by Chance, Newfoundland and Labrador, Canada (...
Fluor Selected for Position on Global Contingency Services Multiple Aw...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. The contract provides for the ability to quickly deliver short-term facility support services in response to natural disasters, humanitaria...
Fluor Awarded U.S. Air Force Contract Augmentation Program V Task Orde...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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 (). The cost-plus, fixed-fee task order has a 60-month period of performance and is valued at approximately $409 million. This press release features multimedia. View the full release here: A U.S. Air Force C-130H Hercules flies over North Field,...
Fluor Announces First Gold from Gold Fields’ Salares Norte Mining Proj...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. This press release features multimedia. View the full release here: An aerial view of Gold Fields’ Salares Norte Mining Project in northern Chile (Photo: Business Wire) “Salares Norte is a project at the forefront of innovation, technology ...
Fluor Corporation to Hold First Quarter Earnings Conference Call
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. The live webcast and a replay will be available with accompanying slides online at . The call will also be accessible by telephone at (U.S./Canada) or . The conference ID is 4438700. A replay o...
Fluor Joint Venture Awarded U.S. Department of Energy Hanford Integrat...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. Th...
Fluor Reports Fourth Quarter and Full Year 2023 Results
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. “In 2023, we not only reached but surpassed a critical inflection po...
Fluor to Participate in Upcoming Investor Conferences
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) today announced that Jason Landkamer, Executive Director- Investor Relations will be hosting one on one meetings at the following investor conferences: Barclay’s Industrial Select Conference - February 21 in Miami Beach, FL at Loews Miami Beach Citi's 2024 Global Industrial Tech and Mobility Conference - February 22 in Miami Beach, FL at the Ritz Carlton South Beach About Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 40,000 employees provide ...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Yesterday's hotter-than-expected CPI report continues to suggest a more restrictive Fed policy than the market has been expecting. This raises the possibility of further consolidation for small- and mid-caps. Meanwhile, large-cap indexes (S&P 500, Nasdaq 100) remain bullish, finding support at their respective 20-day MAs since November 2023; the only question is whether that will continue to be the case, as our main concern remains rising Treasury yields and the U.S. dollar (DXY), which have bro...
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Fluor Selected as FEMA’s East Zone Contractor for its Public Assistanc...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. This press release features multimedia. View the full releas...
Fluor’s Econamine FG PlusSM Carbon Capture Technology Selected to Redu...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. This press release features multimedia. View the full release here: Fluor’s Econamine FG Plus carbon capture technology expected to reduce CO2 emissions at Chevron facility by approximately 95% (Photo: Business Wire)...
- MarketLine Department
HOCHTIEF Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnershi...
Summary Marketline's HOCHTIEF Aktiengesellschaft Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by HOCHTIEF Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Allia...
Fluor Corporation to Hold Fourth Quarter & Year End Earnings Conferenc...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. The live webcast and a replay will be available with accompanying slides online at . The call will also be accessible by telephone at (U.S./Canada) or . The conference ID is 443870...
Lisa Glatch Elected to Fluor’s Board of Directors
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) 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. This press release features multimedia. View the full release here: Lisa Glatch (Photo: Business Wire) “The addition of Lisa Glatch to Fluor’s Board of Directors provides the company with another top-tier advisor with ...
Fluor Announces Q3 Contracts from Dow for Net-Zero Ethylene Cracker an...
IRVING, Texas--(BUSINESS WIRE)-- As previously announced and recognized in the third quarter on a confidential basis, (NYSE: FLR) 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. This press release features multimedia. View the full release here: Dow’s Fort Saskatchewan, Alberta, Canada site. (Photo: Business Wire) The reimbursable services contracts represent a total value of more than $3 billion and consist of engineering, procurement and c...
Fluor to Participate in Upcoming Investor Conferences
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) today announced that management will be participating in the following investor conferences: Baird Global Industrial Conference– Joe Brennan, Chief Financial Officer and Jason Landkamer, Executive Director, Investor Relations, will host one on one meetings on November 9 in Chicago, IL. NYSE Virtual Industrials conference- Jason Landkamer, Executive Director, Investor Relations, will host virtual one on one meetings on November 14. UBS Industrials Summit – Jason Landkamer, Executive Director, Investor Relations, will meet with investors dur...
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