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Fluor Corp., IRVINE

Nature of business: Engineering, construction, mining and technical services worldwide.

Total employees: 38,532

In Orange County: 3,000

Stock listing in The Times: On NYSE “Fluor”

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Ticker symbol: “FLR”

Friday’s stock close: $40.88

One-week change: Down $4.87

Analyst review: “Fluor is an industry leader with a clear vision. The company has successfully diversified its interests away from being based solely on hydrocarbon activity, though that segment is still very important to the company. Moreover, during a period of weak global economic activity in 1988-1992, the company has been able to increase operating profits almost fourfold and more than double its order backlog. Fluor’s size, reputation, international reach and appropriate energy, electric power and environmental exposure indicate to us that it should benefit from our forecasted pickup in engineering and construction activity over the next few years.” --Tobias M. Levkovich, analyst, Smith Barney Shearson, New York

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Revenue (In millions of dollars)

‘89: $6,127

‘90: $7,249

‘91: $6,572

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‘92: $6,601

‘93: $7,850

Profits

(In millions of dollars)

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‘89: $113

‘90: $155

‘91: $164

‘92: $6*

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‘93: $167

Corporate outlook: “We are encouraged by the operating performance of engineering, cnstruction and coal this past year. While there has not yet been much improvement in certain U.S. and European engineering and construction markets, the outlook shows significant growth opportunities in the Asia Pacific region and Latin America.” --Les McCraw, Chairman/CEO

RETURN ON INVESTMENT: 5-YEAR SUMMARY

Fiscal year ending Oct. 31 Oct. 31 Oct. 31 Oct. 31 1989 1990 1991 1992 52-week high $36.75 $49.25 $54.75 $48.13 52-week low $19.50 $28.50 $31.38 $35.25 Book value per share $7.39 $9.22 $11.10 $10.81 Price per share $29.50 $31.75 $32.88 $44.63 Net earnings (loss) per share $1.40 $1.90 $2.01 $0.07 Price-to-earnings ratio 21:1 19:1 25:1 27:1 Avg. return on investor equity 21.5% 23.3% 20.2% 0.6%

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Fiscal year ending Oct. 31 1993 52-week high $46.88 52-week low $38.13 Book value per share $12.72 Price per share $40.75 Net earnings (loss) per share $2.03 Price-to-earnings ratio 20:1 Avg. return on investor equity 17.4%

*1992 figures include an after-tax charge of $129 million from a divestiture and an accounting change. For more information call or write, Fluor Corp.: 3333 Michelson Dr., Irvine, CA 92730 (714) 975-2000 Source s : Fluor Corp. ; Bloomberg Business News


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