U.S. Markets close in 1 hr

Free Post Earnings Research Report: Fluor Reported Better Than Expected Revenue and Earnings Results

Stock Monitor: Sterling Construction Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 02, 2018 / Active-Investors.com has just released a free earnings report on Fluor Corp. (NYSE: FLR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FLR. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 20, 2018. The engineering, construction, and operations Company initiated earnings guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Sterling Construction Company, Inc. (NASDAQ: STRL), which also belongs to the Industrial Goods sector as the Company Fluor. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=STRL

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Fluor most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FLR

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Fluor's revenues were $5.03 billion, up 1% compared to $4.99 billion in Q4 2016. The Company's revenue numbers beat analysts' estimates of $4.77 billion.

For the full fiscal year 2017, Fluor generated revenues of $19.52 billion, up 3% compared to $19.04 billion in FY16.

During Q4 2017, Fluor's segment profit was $194.5 million, down from $248.6 million in Q4 2016. The Company's corporate general and administrative (G&A) expenses were $54.0 million in the reported quarter compared to $56.2 million in the year ago same period.

For Q4 2017, Fluor reported earnings of $60.3 million, or $0.43 per diluted share, compared to $70.5 million, or $0.51 per share, in Q4 2016. Excluding the tax effects of $37 million, or $0.27 per diluted share, the Company's net profit was $97 million, or $0.70 per diluted share, in Q4 2017, and were ahead of Wall Street's estimates of $0.63 per share.

Fluor's earnings attributable to common shareholders were $191.4 million, or $1.36 per diluted share, in FY17 compared to $281.4 million, or $2.00 per diluted share, in FY16. Excluding the one-time tax effects of $37 million, or $0.27 per diluted share, Fluor's adjusted earnings attributable to common shareholders were $228 million, or $1.63 per diluted share, in FY17.

Business Segments

Fluor's Energy, Chemicals, and Mining segment reported revenues of $9.38 billion in FY17, down from $9.75 billion in FY16, primarily due to the completion of certain chemicals projects. The segment's profit was $454.7 million in FY17, up 13% compared to $401.5 million in FY16. The segment's results for the fiscal year included a $44 million revision related to estimated cost increases on a downstream project. The segment's new awards totaled $5.4 billion in FY17 compared to $8.4 billion in FY16. The segment's backlog was $17.0 billion in FY17 compared to $21.8 billion at the end of FY16.

For FY17, Fluor's Industrial, Infrastructure, and Power segment's revenues advanced 7% to $4.37 billion from $4.09 billion in FY16. The segment reported a loss of $170.8 million in FY17 compared to a segment profit of $135.8 million in FY16. The segment's results for FY17 included charges of $260 million related to estimated cost increases on three power projects. The segment's new awards totaled $2.6 billion in FY17 compared to $6.2 billion in FY16. The segment's backlog was $7.7 billion in FY17 compared to $15.1 billion at the end of FY16.

Fluor's Government group reported revenues of $3.23 billion in FY17, reflecting a growth of 19% compared to $2.72 billion in FY16. The segment recorded a profit of $127.9 million, up 50% from $85.1 million in FY16. The segment's new awards totaled $2.6 billion in FY17 compared to $4.6 billion in FY16. The segment's backlog was $3.8 billion in FY17 compared to $5.2 billion at the end of FY16.

For FY17, Fluor's Diversified Services segment's revenues grew 3% to $2.54 billion compared to $2.47 billion in FY16. The segment had a profit of $133.6 million in FY17, up 10% compared to $121.9 million in FY16. The segment's new awards totaled $2.0 billion in FY17 compared to $1.8 billion in FY16.

Cash Matters

Fluor's cash and marketable securities were $2.1 billion at the end of FY17. During FY17, the Company generated $602 million in cash flow from operating activities and paid out $118 million in dividends.

Outlook

For the full fiscal year 2018, Fluor is establishing its initial earnings per diluted share forecasts at a range of $3.10 to $3.50.

Stock Performance Snapshot

March 29, 2018 - At Thursday's closing bell, Fluor's stock advanced 2.45%, ending the trading session at $57.22.

Volume traded for the day: 1.14 million shares.

Stock performance in the last month – up 0.56%; previous three-month period – up 11.21%; past twelve-month period – up 9.26%; and year-to-date – up 10.78%

After last Thursday's close, Fluor's market cap was at $8.00 billion.

Price to Earnings (P/E) ratio was at 30.18.

The stock has a dividend yield of 1.47%.

The stock is part of the Industrial Goods sector, categorized under the Heavy Construction industry. This sector was up 1.3% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors