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| Fluor Reports First Quarter Results Fluor Corporation announced financial results for its first quarter ended March 31, 2006. Revenues for the first quarter increased 27 percent to $3.6 billion, up from $2.9 billion in the first quarter of 2005. Net earnings increased to $88.9 million, compared with $47.4 million, for the same period last year. Operating profits rose 56 percent to $184.4 million, with the majority of the increase coming from the Government and Global Services segments, along with continued strong contributions from Oil & Gas. Operating margins rose to 5.1 percent, up from 4.1 percent a year ago. New awards for the first quarter were $3.8 billion, with substantial new bookings in all segments except Power. Consolidated backlog rose to $15.4 billion, compared with $14.9 billion at December 31, 2005. write your comments about the article :: © 2006 Construction News :: home page |