Fluor Corporation Announces Strategic Review Results
Fluor Corporation (FLR)
Last fluor corporation earnings: 10/31 06:55 am
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US:NYSE Investor Relations:
investor.fluor.com/node/5806
Company Research
Source: Business Wire
Company to sell government and equipment businessesAsset sales expected to generate in excess of $1 billionOverhead cost reductions of $100 millionQuarterly dividend reduced to $0.10 per shareNew board members and new board committee focused on evaluating operational risks IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today the results of its strategic review and operational review.As a result of the strategic review, the company concluded that the divestitures of select businesses will simultaneously improve the financial stability of the company and allow the remaining businesses to refocus on engineering, construction and maintenance services in core markets. The company is initiating plans to sell its construction equipment rental company (AMECO) and its government business, and to monetize surplus real estate and non-core investments. Fluor anticipates these actions to generate in excess of $1 billion in aggregate proceeds.In addition, the company pla
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FLR
News
- Fluor Co. (NYSE: FLR) had its price target raised by analysts at Truist Financial Co. from $62.00 to $66.00. They now have a "buy" rating on the stock.MarketBeat
- Fluor Co. (NYSE: FLR) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "hold" rating.MarketBeat
- Fluor Co. (NYSE: FLR) had its "neutral" rating re-affirmed by analysts at Robert W. Baird. They now have a $58.00 price target on the stock, up previously from $54.00.MarketBeat
- Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany [Yahoo! Finance]Yahoo! Finance
- Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in GermanyBusiness Wire
FLR
Earnings
- 11/8/24 - Miss
FLR
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form 144
- 12/3/24 - Form 8-K
- FLR's page on the SEC website