News / Fluor achieves record revenues: $27.6 billion

Fluor achieves record revenues: $27.6 billion

🕔 February 25, 2013

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Fluor Corporation today announced financial results for its fiscal year ended December 31, 2012. Net earnings attributable to Fluor for 2012 were $456 million compared with $594 million in 2011. Earnings results included a charge relating to the previously announced arbitration ruling on the Greater Gabbard project. Consolidated segment profit for the year was $769 million, including the impact of a $416 million pre-tax charge on Greater Gabbard, which compares with $1.0 billion in segment profit in 2011. Results in 2012 reflected strong double-digit growth in Oil & Gas and Global Services, and strength in Industrial & Infrastructure which was adversely impacted by the Greater Gabbard charge. Consolidated revenue for the year totaled a record $27.6 billion, which was up 18 percent from $23.4 billion a year ago, mainly due to strong growth in the Industrial & Infrastructure and Oil & Gas business segments. Visit press release

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