Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, TX, reported sales for 2016 of $19 billion, an increase of 5.1 percent from last year. Profit decreased 31.8 percent to $281.4 million.
Energy, chemicals and mining segment sales for the year decreased 17.8 percent from last year to $9.8 billion. Industrial, infrastructure and power sales increased 80.9 percent to $4.1 billion. Government sales increased 6.4 percent to $2.7 billion. And maintenance, modification and asset integrity sales increased 72.9 percent to $2.5 billion.
Fourth-quarter sales were $5 billion, an increase of 14.2 percent from the same period the previous year. The company reported a profit of $70.5 million for the quarter, compared to loss of $51.4 million the prior year.
Energy, chemicals and mining segment sales for the quarter decreased 11 percent from last year to $2.5 billion. Industrial, infrastructure and power sales increased 107.8 percent to $1.1 billion.
Government group sales increased 7.3 percent to $694.9 million. And maintenance, modification and asset integrity sales decreased 81.8 percent to $662.7 million.
