SOURCE: Industrial Info Resources

Industrial Info Resources

February 24, 2012 06:30 ET

Fluor Corporation Posts Solid Gains in 2011 as Metals and Mining Business Shines, Backlog Grows

SUGAR LAND, TX--(Marketwire - Feb 24, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading engineering, procurement, construction and project management firm Fluor Corporation (NYSE:FLR) (Irving, Texas) saw mostly positive results in fourth-quarter and full-year 2011, as strong growth in the mining and metals business boosted the Industrial & Infrastructure segment and, along with double-digit backlog growth, helped to put earnings at the top end of the company's expectations for the year. Net earnings were reported to be $153.1 million for the quarter, a 30.74% increase from fourth-quarter 2010, and $593.7 million for the full year, a 66.07% increase from 2010.

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