Fluor's Expected Backlog Drops to $25.6 Billion as COVID-19 Suppresses Spending

SUGAR LAND--March 1, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) firm Fluor Corporation (NSYE:FLR) (Irving, Texas) saw COVID-19 take a bite out of its business in 2020, as clients delayed capital spending while waiting for uncertainty from the pandemic to subside. The company ended the year with a backlog of $25.6 billion, down $7.1 billion from 2019. New awards for 2020 amounted to $9 billion, down $3.6 billion.

Within this article: Fluor's earnings expectations for 2021