While the coronavirus has affected all construction companies operations, it hasn t done so evenly. That was evident in the first quarter results of Fluor and Granite, with one company seeing double digit decreases, and the other eking out flat gains for the period.
Irving, Texas-based Fluor announced decreases in both revenue and backlog during its first-quarter earnings call Friday.
The company reported $2.9 billion in revenue for Q1 2021, down from $4.1 billion from the same period in 2020, a 29% decrease.
Backlog for the quarter, which concluded March 31, was $23.8 billion, compared to $31.4 billion in the same period of 2020, a 24% decrease. Results for the quarter were consistent with our expectations as we start to work past the effects of COVID-19 on our projects and operations, CEO David Constable said.
Purple Line firms begin search for new construction contractor
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
Maryland will pay Purple Line firms $100 million by Dec 31 under legal settlement
baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.