Fluor Announces Preliminary Third Quarter 2018 Results
Staff Report From South Carolina CEO
Thursday, October 25th, 2018
Fluor Corporation announced preliminary results for its third quarter ended September 30, 2018. Pre-tax earnings attributable to Fluor are anticipated to be approximately $125 million. Preliminary results include expected pre-tax charges of $46 million relating to close out efforts on a downstream project in Europe and $35 million for forecast revisions on a gas-fired power project in Citrus County, Florida. Preliminary results for the quarter also include a $124 million pre-tax benefit related to the Company’s sale of its Seagreen offshore investment.
The company expects third quarter revenue of approximately $4.6 billion and new awards of approximately $9 billion.