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MarketScreener Homepage  >  Equities  >  Nyse  >  Fluor Corporation    FLR

FLUOR CORPORATION

(FLR)
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Fluor : to Provide Project Management Consultancy Services for Advanced Global Investment Company's Propane Dehydrogenation and Polypropylene Complex in Saudi Arabia

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05/15/2020 | 07:19am EDT

Fluor Corporation (NYSE: FLR) announced today that it was named project management consultant for Advanced Global Investment Company's (AGIC) new propane dehydrogenation, polypropylene and utilities and offsites complex in Jubail Industrial City, Saudi Arabia.

Fluor will perform project management consultant services for the front-end engineering design, detailed engineering, procurement and construction phases of the project. Fluor booked its portion of the undisclosed contract value in the first quarter of 2020.

'Fluor has supported clients and safely executed projects in Saudi Arabia for more than 70 years,' said Mark Fields, group president of Fluor's Energy & Chemicals business. 'Our legacy of execution excellence continues with this most recent award from AGIC. We look forward to helping AGIC and the Kingdom of Saudi Arabia meet the world's growing demand for polymers and support their efforts to diversify its economy and also become one of the world's leading global producers of polypropylene.'

Once complete, the complex will manufacture 843,000 tons-per-year of propylene and 800,000 tons-per-year of polypropylene that will be used for the production of specialty polymers for the face masks, automotive, pipes, food packaging and textiles industries.

Fluor's offices in Farnborough, United Kingdom and Al Khobar, Saudi Arabia will lead the project management consulting services with support provided by the company's network of global experts.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor's 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years.

Contact:

Tel: 469.398.7621

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 16 799 M - -
Net income 2019 -1 291 M - -
Net Debt 2019 - - -
P/E ratio 2019 -1,26x
Yield 2019 6,01%
Capitalization 1 654 M 1 654 M -
EV / Sales 2018
Capi. / Sales 2019 0,10x
Nbr of Employees 53 349
Free-Float 89,4%
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Technical analysis trends FLUOR CORPORATION
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 10
Average target price 11,89 $
Last Close Price 11,80 $
Spread / Highest target 86,4%
Spread / Average Target 0,75%
Spread / Lowest Target -40,7%
EPS Revisions
Managers
NameTitle
Carlos Manuel Hernandez Chief Executive Officer & Director
Alan Lee Boeckmann Executive Chairman
D. Michael Steuert Chief Financial Officer & Executive Vice President
Robert C. Taylor Chief Information Officer & Senior Vice President
Peter J. Fluor Lead Independent Director
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