Fluor Reports 95% Q3 Earnings Growth, $8.8 Billion in New Awards

IRVING, Texas–(BUSINESS WIRE)–Nov. 6, 2008–Fluor Corp. (NYSE: FLR) announced financial results for its third quarter ended September 30, 2008. Revenue rose by 38 percent to $5.7 billion, compared with $4.1 billion in the third quarter of 2007. Net earnings for the third quarter were $183 million, an increase of 95 percent over $94 million a year ago. Earnings per share doubled to $1.01 per diluted share, compared with $0.51 per diluted share for the same period last year. Operating profit for the quarter increased 71 percent to $324 million, compared with $190 million a year ago, reflecting solid profit contributions from all business segments. Operating margins increased to 5.7 percent compared with 4.6 percent in the third quarter of 2007….more at constructionequipment.com