Fluor, the Dallas-based engineering, procurement, and construction company, has scheduled its next quarterly earnings conference call for 5:30 p.m. Thursday. The company’s third-quarter earnings report will be released shortly after the stock market closes at 4 p.m.
The Department of Energy contractor held a preliminary earnings call Oct. 10 in which it discussed its ongoing woes in the domestic electric power industry, a segment bedeviled by weak demand and other problems. Fluor is a builder of electric power plants.
During its October call, Fluor predicted quarterly revenue of about $4.6 billion for the period ended Sept. 30, down from $4.9 billion during the corresponding quarter in 2017. The company also expects third-quarter 2018 pretax earnings of about $125 million, compared to $94 million one year earlier.
In September, Fluor-BWXT Portsmouth received its final 30-months extension from the Energy Department on a decommissioning and decontamination contract at the Portsmouth Site in Ohio. Fluor-BWXT will continue its work until late March 2021 on the decade-long agreement now valued at $3.7 billion.
Fluor also leads the Savanna River Nuclear Solutions team with the management and operations contract at DOE’s Savannah River Site in South Carolina. In August, SRNS received a one-year contract extension on its 10-year, $9.5 billion award, keeping it on the job through July 2019.
A Fluor-Westinghouse venture is also one of three teams competing for a 10-year contract potentially worth $6 billion that could be reissued any week now for management of liquid waste at SRS. An October 2017 award to a BWXT-led bidder team was undone in February after a protest to the Government Accountability Office by the team of AECOM and CH2M.
