Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide.
Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. In a nutshell, Fluor is seeing a continuation of the execution problems that beset the company in 2018. By management’s admission, the company was overly aggressive in bidding for certain projects in recent years, putting it in a position where it needed perfect execution in order to be profitable. Unfortunately, not all the projects went according to plan and the company has faced