FLR - Infrastructure Giant Fluor Boasts Strong Q3 Earnings As Urban Solutions Segment Soars | Benzinga
Fluor Corp (NYSE: FLR) reported a third-quarter (Q3) 2023 revenue growth of 9.7% year-over-year to $3.96 billion, beating the consensus of $3.89 billion.
Sales by segment: Energy Solutions $1.55 billion (-2.5% Y/Y), Urban Solutions $1.43 billion (+32% Y/Y), Mission Solutions $655 million (+2.5% Y/Y) and Others $324 million (+9.1% Y/Y).
FLR recorded a total segment profit of $276 million, compared to $31 million in 3Q22. The margin expanded to 7% from 0.9%.
Net earnings attributed to FLR improved to $206 million from $22 million a year ago.
Total new awards totaled $4.98 billion, a ...