Earlier today, Fluor completed the sale of its 50 percent interest in
the Greater Gabbard Offshore Winds Ltd. joint venture to Airtricity
Holdings (UK) Limited, a subsidiary of Scottish and Southern Energy plc.
This transaction results in a one-time gain of approximately $0.50 per
diluted share, which will be included in second quarter results. As a
result, the company is increasing its full year Earnings Per Share
guidance for 2008 by $0.35, to a range of $6.60 to $6.90 per share. This
compares to guidance of $6.25 to $6.55 per share, issued on May 12,
which included approximately $0.15 per share of initial cash proceeds
received earlier in the quarter.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007.
For more information, visit www.fluor.com.
(FLRF)
Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
or
Brian
Mershon, 469-398-7621
or
Investor Relations
Ken Lockwood,
469-398-7220
or
Jason Landkamer, 469-398-7222
