Fluor Corporation announces financial results for Q2 2012

In its financial results for the second quarter (Q2) ended 30 June 2012, Fluor Corporation revealed that its net earnings were $161m (£103m), or $0.95 per diluted share, compared with $165m, or $0.94 per diluted share, in Q2 2011.

Segment profit for the quarter stood at $287m, compared with $280m in 2011, while consolidated revenue increased by 18 per cent to $7.1bn, from $6.0bn in Q2 2011.

New awards for Q2 stood at $7.3bn compared with $9.7bn in Q2 2011.

Fluor chairman and chief executive officer David Seaton said the company’s financial condition remains very strong and he is encouraged by a growing prospect list in the US relating to the availability of low-cost shale gas.