Fluor Corp. Maintains 2016 EPS Guidance - Quick Facts

(RTTNews) - Fluor Corp. (FLR) announced the company is maintaining its EPS guidance for 2016 at the previously announced range of $3.50 to $4.00 per share.

Excluding pre-tax non-operating pension settlement expenses of $231 million, or $1.04 per share after-tax, the company reported a net profit from continuing operations for the fourth quarter of 2015 of $96 million, or $0.68 per share. Including pension settlement expenses, the company reported a loss of $51 million, or $0.36 per share.

"Although we are disappointed with the results in Power, our Oil & Gas business performed well and maintained backlog levels despite the continued volatility of oil prices," said Fluor CEO David Seaton.