Engineering group Fluor's Q3 net earnings skyrocket on improved project execution

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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Engineering group Fluor Corporation today reported Q3 2023 revenue of $4.0 billion and net earnings attributable to Fluor of $206 million or $1.15 per diluted share .

The company’s Energy Solutions business segment reported a profit of $177 million in the third quarter compared to $59 million in the third quarter of 2022. “This quarter’s results reflect our deliberate focus on driving profitability through improved project execution and our high-quality contract backlog,” stated chairman and CEO David E. Constable. “Combined with our strengthened and simplified capital structure, Fluor is well positioned to support demand-driven growth and improved shareholder returns.”

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