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Fluor Corporation Add to portfolio

INX:FLR, Jul 10, 05:46 UTC

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Thursday, June 18


News

Fluor Gets Contract Extension From Netherlands' Delamine

FLR

Stork — a unit of Fluor Corporation’s FLR Diversified Services business — has received a maintenance contract from Delamine B.V in the Netherlands. This five-year maintenance contract will commence from Jul 1, 2020 and Fluor will book the undisclosed contract value in second-quarter 2020.Since 2006, Stork has been supporting Delamine’s production facilities. "It strengthens our continuity and offers a foundation to pursue many inspiring new energy and other innovative industrial initiatives in the northern region of the Netherlands.”New Awards to Revive Fluor’s Diversified ServicesFluor’s Diversified Services segment, which accounts for more than 13% of total revenues, is set to benefit from contract wins. Over the last few quarters, major contract wins have allowed Fluor to expand long-term recurring revenue opportunities.Zacks RankFluor — which shares space with Gates Industrial Corporation plc GTES, Quanta Services, Inc. PWR and AECOM ACM in the same industry — currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Zacks’ Single Best Pick to DoubleFrom thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come.

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Monday, May 18


News

U.S. Department of Energy Selects Fluor Team for Hanford Site Tank Closure Contract

FLR

The team includes two pre-selected small businesses, DBD and INTERA, which provide specialized modeling and regulatory expertise, respectively. The contract is valued at up to approximately $13 billion over a 10-year period. "Fluor began its 13-year tenure at Hanford in 1996 with a contract to manage most of the site’s cleanup work and we have been an integrated part of the community ever since. We look forward to working with the incumbent Tank Farm employees, DOE, the regulators, and other Hanford contractors to shift to a unified closure mentality and safely accelerate the completion timeline." With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

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Monday, May 04


News

Fluor Provides Update on Review of Two Projects

FLR

Fluor Corporation (NYSE: FLR) today provided updates on the two projects that it noted on February 18, 2020 were subject to developments contributing to the delay of Fluor’s Form 10-K filing. As announced last Friday, Fluor, along with its joint venture partners on the Purple Line Rail Project in Maryland, informed the lead contracting and finance consortium for the project of the joint venture’s intent to terminate the design-build contract. This process is expected to take approximately 60 to 90 days and is reimbursable under the contract. As a result of this termination, Fluor’s project backlog will be reduced by approximately $1.2 billion. "We are disappointed that our joint venture was unable to reach a successful resolution with our client on the Purple Line project. However, Fluor will continue to combine fiscal responsibility with operational excellence when successfully executing and delivering projects for our clients across the globe." With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 47,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube. Forward-Looking Statements: This release contains forward-looking statements (including without limitation statements to the effect that the Company or its management "believes," "expects," "plans," "intends," is "positioned" or other similar expressions).

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Monday, March 30


News

Global Assessment Of Civil Engineering Market Expected to reach highest CAGR of X.X% by 2024 : SNC-Lavalin’s, Fluor, HDR, URS, Kentz, Foster Wheeler – Daily Science

FLR

Global Assessment Of Civil Engineering Market Expected to reach highest CAGR of X.X% by 2024 : SNC-Lavalin’s, Fluor, HDR, URS, Kentz, Foster Wheeler. Adaptation of new ideas and accepting the latest trends are some the reasons for any market’s growth. For the readers who are looking forward to invest in the market, the research reports provide a range of business and market research solutions. Basically collection of detailed information on various factors associated with market about a particular industry is what a research report is consisted of. Thus, a market research report can be called a comprehensive guide that helps in better marketing and management of businesses. Some Major TOC Points:.

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Wednesday, February 26


News

Zacks.com featured highlights include: Cardinal Health, Anixter International, Abercrombie & Fitch, Brookdale Senior Living and Fluor

FLR CAH

Chicago, IL – February 26, 2020 – Stocks in this week’s article are Cardinal Health CAH, Anixter International AXE, Abercrombie & Fitch ANF, Brookdale Senior Living BKD and Fluor Corp. FLR. Equity markets are persistently rattled by the outbreak of the deadly coronavirus, which has claimed multiple lives so far. What is worse is that the virus, which was hitherto mostly restricted within China, has been spreading its tentacles to other countries like South Korea and Italy. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start.

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Tuesday, February 25


News

Bragar Eagel & Squire, P.C. Is Investigating Fluor Corporation, Tivity Health, Aaron’s, and Canaan and Encourages Investors to Contact the Firm

FLR

NEW YORK, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Fluor Corporation (NYSE: FLR), Tivity Health, Inc. (NASDAQ: TVTY), Aaron’s, Inc. (NYSE: AAN) and Canaan, Inc. (NASDAQ: CAN) on behalf of investors. On February 18, 2020, Fluor disclosed that it is being investigated by the Securities and Exchange Commission (SEC) and that the 10-K filing for 2019 would be delayed as a result. On this news, Fluor stock was down over 12% in early morning trading on February 18, 2020, to close at $14.79 per share. For more information on our investigation into Fluor Corporation go to: https://bespc.com/flr. On February 19, 2020, Tivity reported the fourth-quarter and fiscal year 2019 results. For the fourth quarter, the Company reported a loss of $323.1 million or $6.69 a share, which includes a non-cash impairment charge of $377.1 million in its Nutrition segment.

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Tuesday, February 18


News

Apple, Fluor fall; Franklin Resources, Advance Auto rise

FLR BEN +1 more FLR BEN AAPL

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:. The technology company said revenue will fall short of forecasts for the March quarter because of the viral outbreak in China. The financial services company is buying competitor Legg Mason for $4.5 billion. The engineering and construction company's past financial reporting is being investigated by the Securities and Exchange Commission.

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News

Apple, Fluor fall; Franklin Resources, Advance Auto rise – The Seattle Times

FLR BEN +1 more FLR BEN AAPL

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:. The technology company said revenue will fall short of forecasts for the March quarter because of the viral outbreak in China. The financial services company is buying competitor Legg Mason for $4.5 billion. The engineering and construction company’s past financial reporting is being investigated by the Securities and Exchange Commission.

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News

Fluor says U.S. SEC probing certain financial reports

FLR TRI

Fluor says U.S. SEC probing certain financial reports. Reuters{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. Feb 18 (Reuters) - Fluor Corp said on Tuesday the U.S. Securities and Exchange Commission (SEC) is investigating the engineering and construction firm's past accounting and financial reports for possible errors. The company is conducting its own review and has not determined as to whether there are prior period material errors in its financial statements, although such remains possible, Fluor said in a statement. (Reporting by Shanti S Nair in Bengaluru; Editing by Subhranshu Sahu).

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Wednesday, January 29


News

Fluor's Energy & Chemicals Unit Wins FEED Contract From BPCL

FLR

The scope of its work also includes engineering, procurement and construction management services for the facility’s utilities and offsites. Importantly, the project will help BPCL to meet the growing domestic demand for polyols and reduce India’s dependence on petrochemicals imports.As part of this project, six process units will be built as propylene oxide, propylene glycol, polyols, ethylene oxide/monoethylene glycol, ethylene recovery and a cumene, and integrated into the existing refinery.Post completion of BPCL’s prestigious polyols project, the Kochi complex will produce propylene glycol, ethylene glycol and various grades of polyols based on 250 kilotons per annum of polymer grade propylene.New Awards to Boost Fluor’s BusinessFluor recently received a four-year framework contract from Neptune Energy for the latter’s brownfield and decommissioning project. Per the agreement, Stork’s joint venture company — Stork Worley Integrated Solutions — will provide engineering, procurement, construction, installation and commissioning, and decommissioning services to Neptune Energy's Dutch assets in the North Sea for a brownfield modification.Again, its Fluor AMEC II, LLC unit has clinched a contract from the Air Force Installation Contracting Agency to repair the Ascension Island Auxiliary Airfield runway.Meanwhile, shares of the company have started reviving in the recent past. Relative stability in commodity prices is expected to boost investments in downstream and petrochemicals.The Energy & Chemicals Business segment — which contributed nearly 41% to the company’s total revenues — had reported a profit of $84.9 million in third-quarter 2019, up 69.1% from a year ago.

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