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| Fluor reports 4Q and full year 2009 results Fluor Corp announced financial results for its fiscal year ended December 31, 2009. Net earnings attributable to Fluor for 2009 declined 4 percent to $685 million, or $3.75 per diluted share, compared with a record $716 million, or $3.89 per diluted share in 2008. Consolidated segment profit for the year was $1.25 billion, down 3 percent from $1.29 billion a year ago. Full year new awards were $18.5 billion, down from record bookings of $25.1 billion a year ago, mainly due to a significant decline in Oil & Gas awards during 2009. Year-end backlog was $26.8 billion, a 19 percent decrease from the prior year. While there were no material cancellations in the fourth quarter, backlog was impacted by approximately $5.3 billion from cancellations and scope reductions since the beginning of 2009. write your comments about the article :: © 2010 Construction News :: home page |