Fluor Corporation
Industry: Construction Services

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management.

Business Summary
Fluor Corporation provides engineering, procurement, construction and maintenance services through a number of subsidiaries. The Company also performs operations and maintenance activities for major industrial clients. Fluor serves a diverse set of industries ranging from oil and gas, to power, to industrial clients and to the United States federal government. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. Fluor Constructors International, Inc., which is organized and operates separately from its business segments, provides unionized management, construction and management services in the United States and Canada, both independently and as a subcontractor on projects to its segments.

Financial Summary
Fluor Corporation is a professional services company offering a diverse range of value-added, knowledge-based services, from traditional engineering, procurement and construction to total asset management. For the 6 months ended 6/30/05, revenues increased 35% to $5.78B. Net income fell 66% to $31M. Results reflect growth in Oil & Gas, Industrial & Infrastructure, Government and Global Services segments, offset by a decrease in gross margins.