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| Fluor posts strong 1Q results Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2011. Net earnings attributable to Fluor for the first quarter were $140 million, or $0.78 per diluted share, compared with $137 million, or $0.76 per diluted share in the first quarter of 2010. Segment profit for the quarter was $249 million, up from $243 million a year ago. Revenue was $5.1 billion, an increase from $4.9 billion in the first quarter of 2010. First quarter financial results, including solid earnings and backlog growth, were consistent with the company's expectations. The company anticipates that it will continue to book sizable new awards throughout 2011, and is reaffirming its 2011 EPS guidance range of $3.00 - $3.40 per diluted share. write your comments about the article :: © 2011 Construction News :: home page |