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Fluor Corporation (NYSE: FLR) is a global leader in engineering, procurement, fabrication, construction, maintenance, and project management services. With a legacy spanning over a century, Fluor is renowned for delivering solutions to some of the world's most complex and challenging projects.
Headquartered in Irving, Texas, this Fortune 500 company operates worldwide with a workforce of around 40,000 employees. Fluor's diverse portfolio spans various sectors including energy, chemicals, government, industrial, infrastructure, mining, and power. The firm's business is organized into three primary segments: urban solutions, mission solutions, and energy solutions.
Fluor's commitment to excellence is reflected in its consistent ranking on Fortune magazine’s Most Admired Companies list and Ethisphere Institute’s World’s Most Ethical Companies list. In 2014, the company was also recognized as one of North America Aon Hewitt Top Companies for Leaders.
In 2023, Fluor reported revenues of $15.5 billion, underscoring its significant market presence and operational efficacy. The company is currently engaged in numerous high-profile projects around the globe, leveraging its extensive expertise to deliver innovative and sustainable solutions.
Fluor's strategic partnerships and robust financial health position it as a key player in its industry, continually driving forward with new initiatives and expanding its impact on a global scale.
Fluor Corporation (NYSE: FLR) has entered a contract worth $436 million with the Ministry of Public Works and Water Management in the Netherlands via its joint venture, ALSÉÉN, to undertake design, construction, and maintenance of the A27 motorway from Everdingen to Hooipolder. This project will expand nearly 25 miles of the motorway and includes bridge replacements and future connections. The contract will be recorded in Q1 2023, with preliminary work expected to start this year and completion anticipated between 2029 and 2031.
Fluor Corporation (NYSE: FLR) will host a conference call on February 21 at 8:30 A.M. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. CEO David Constable and CFO Joe Brennan will present the information, with results available before market opening. The call can be accessed via webcast and by phone. Fluor reported a revenue of $12.4 billion in 2021 and continues to be a significant player in engineering and construction.
Fluor Corporation (NYSE: FLR) has been awarded an $845 million contract by Hellas Gold, a subsidiary of Eldorado Gold Corp., for engineering, procurement, and construction management services for the Skouries gold-copper mining project in Greece. Scheduled to begin in 2023 and last 2.5 to 3 years, the project is expected to create 1,400 long-term jobs and produce an average of 140,000 ounces of gold and 67 million pounds of copper annually over its 20-year lifespan.
Fluor Corporation (NYSE: FLR) has announced the full redemption of €128,970,000 in 1.750% Senior Notes due January 31, 2023. The redemption will occur at 100% of the principal amount, plus accrued interest. A notice has been sent to registered holders, and the redemption will follow Euroclear and Clearstream procedures. Fluor, headquartered in Irving, Texas, reported $12.4 billion in revenue for 2021 and employs around 41,000 people globally.
Fluor Corporation (NYSE: FLR) announced the opening of the Medford Branch of the Green Line Extension light rail project in Massachusetts. Developed by the Green Line Extension Constructors joint venture, this project enhances transportation access in the Boston area. The 4-mile line expects a daily ridership of 45,000 by 2030. This line follows the first branch opened in March 2022 and aims to support regional mobility and reduce car traffic and emissions. The project is part of Massachusetts Bay Transportation Authority initiatives for sustainable urban growth.
Fluor Corporation (NYSE: FLR) has successfully completed the $666 million Southern Gateway project in Dallas, enhancing the Interstate 35-E (I-35E) corridor. This project, initiated by the Texas Department of Transportation in 2017, included the reconstruction and widening of 10 miles of highway, aimed at alleviating congestion and improving safety. The opening of the new road was celebrated by state and local leaders, affirming Fluor's commitment to regional infrastructure development.
Fluor Corporation (NYSE: FLR) and the Texas Department of Transportation recently broke ground on the I-35 Capital Express South project in Austin, Texas. Awarded in Q2 2022, the project aims to alleviate traffic congestion along I-35, which sees over 150,000 vehicles daily. Thomas Nilsson, president of Fluor’s Infrastructure business, highlighted the project’s role in enhancing mobility and supporting Texas's economic growth. Substantial completion is expected by early 2028.
Fluor Corporation (NYSE: FLR) has announced substantial engineering completion for Albemarle's Lithium Conversion project in Meishan City, Sichuan Province, China. This facility aims to produce 50,000 tons of lithium hydroxide per year, crucial for electric vehicle batteries. The project has reported over 3 million safe hours worked, showcasing significant safety milestones. Fluor continues to provide engineering, procurement, and construction management services, positioning Albemarle as a key player in the growing lithium market.
Fluor Corporation (NYSE: FLR) announced its participation in two investor conferences this year. On November 10, 2022, CFO Joe Brennan and IR head Jason Landkamer will attend the Baird Global Industrial Conference. Following this, they will join the Credit Suisse 10th Annual Industrials Conference on December 1, 2022, featuring a fireside chat at 8:45 a.m. ET. A live webcast and replay will be available at investor.fluor.com. Fluor, based in Irving, Texas, generated $12.4 billion in revenue in 2021.
Fluor Corporation (NYSE: FLR) has secured a contract for engineering and procurement services to develop a major renewable diesel complex at the Strathcona refinery in Alberta, Canada. This facility is projected to be the largest renewable diesel production site in Canada, producing 20,000 barrels daily from local feedstocks. The contract value was included in Fluor's third quarter 2022 bookings. Fluor's involvement aims to support sustainable energy initiatives, integrating their expertise with local resources.
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