Fluor Corporation Buyback
OLI recorded this information on 11/18/2014
Company:
Fluor Corporation
Buyback:
FLR buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
The Company has repurchased $143 million of shares to date in the fourth quarter of 2014, and plans to use a portion of the proceeds from the public notes offering to increase the amount of shares repurchased in the fourth quarter of 2014 to a total of $500 million. Using cash from operations, the Company plans to repurchase an additional $500 million in shares over the course of 2015, bringing total planned repurchases over the five quarter period to $1 billion.
Fluor is a holding company. Through its subsidiaries and joint ventures, Co. is engaged in providing engineering, procurement, and construction (EPC), fabrication and modularization, and project management services, on a global basis. Co. has four segments: Energy Solutions, which focuses on opportunities in the production and fuels, chemicals, liquefied natural gas and nuclear project services markets; Urban Solutions, which provides EPC and project management services to the technologies, life sciences, mining and metals, infrastructure industries, and staffing services; Mission Solutions, which provides technical solutions; and Other, which includes the operations of NuScale Power, LLC.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: FLR Stock Forecast Based on Zacks ABR data; powered by Xignite |
