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| Fluor reports 2Q 2006 results Fluor Corporation announced financial results for its second quarter ended June 30, 2006. Revenues for the second quarter increased 18 percent to $3.5 billion, up from $2.9 billion in the second quarter of 2005. Net earnings were $66.6 million compared with a loss of $16.4 million for the same period last year. Operating profits rose sharply to $161.5 million, with substantial increases from the Oil & Gas, Government, Global Services and Industrial & Infrastructure segments compared to a year ago. Operating margins rose to 4.7 percent, up from 1.1 percent a year ago. The second quarter of 2005 was impacted by charges relating to an unfavorable jury verdict on a resort hotel project in the Caribbean and other project issues. New awards for the second quarter were a record breaking $5.8 billion, up from $3.2 billion a year ago. Consolidated backlog rose 17 percent to $18.0 billion, compared with $15.4 billion at March 31, 2006. write your comments about the article :: © 2006 Construction News :: home page |