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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. ....
Irving engineering giant Fluor will soon be without a namesake leader for first time since 1912 Peter J. Fluor, great-grandson of the founder, is retiring after 37 years on the company’s board. Fluor Corp. headquarters in Irving.(none - Fluor Corp.) Peter J. Fluor, great-grandson of the founder of Irving-based engineering and construction giant Fluor Corp., is retiring from the company’s board of directors marking the last family member to serve as a leader of the firm founded in 1912. Fluor has served on the company’s board since 1984, including the lead director role from 2003 to 2020. His great-grandfather, John Simon Fluor, expanded the company initially by building oil refineries, pipelines and other energy industry facilities in California, the Middle East and globally. It later diversified into a broad range of projects. ....