Fluor
Fluor
Fluor posted full year new awards of $9 billion with a backlog of $25.6 billion. Still, the Q4 2020 results were a net loss from continuing operations of $115 million, compared to a net loss of $294 in the same period of the previous year.
Revenue for the quarter was $3.7 billion compared to $4.4 billion a year ago. However, the energy & chemicals segment reported a profit of $164 million in 2020 compared to a loss of $95 million in 2019.
“While 2020 was a challenging year, I am encouraged by the resilience of our organization,” said David Constable, CEO of Fluor. “This year will be a bridging year as we anticipate COVID-19 impacts abating coupled with our focus shifting to implementation of the newly announced strategy. I am confident that our path forward will serve Fluor’s shareholders well.”
