SOURCE: Industrial Info Resources

Industrial Info Resources

February 24, 2011 06:20 ET

Fluor Takes Hits in 2010, but Sees Strong Future With Many New Projects Awarded, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 24, 2011) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading engineering, procurement, construction and project management firm Fluor Corporation (NYSE:FLR) (Irving, Texas) saw mixed results in fourth-quarter and full-year 2010, as the Oil & Gas and Industrial & Infrastructure segments suffered declines and the company was awarded a record value in new projects. Net earnings were reported to be $117.1 million for the quarter, a 21.25% decrease from fourth-quarter 2009, and $357.5 million for the year, a 47.8% decrease from 2009.

Industrial Info is tracking 186 active projects worldwide involving Fluor that are worth a total of more than $90 billion. For more information, visit Industrial Info's North American Project Database.

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