rsinvestor

Five Key Quotes from Fluor on Energy and Commodities

With a 31% increase in end of quarter backlog vs. the same qtr last year, FLR is still generating business. Also, the current quarter saw $8.8 billion in new awards, vs $6bil in the year ago quarter. This tells me the business isn't slowing down at all, and in fact is increasing.

Trailing EPS is 3.365, and trades at a forward PE of only 11. FLR seems diversified enough to rebalance their mix of contracts to match whatever opportunities the slowing economy, world-wide, delivers.