Fluor ameco sale. operations in the first quarter of 2025.

Fluor ameco sale. Aug 1, 2025 · IRVING, Texas, August 01, 2025--Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ending June 30, 2025. has sold its North American equipment rental and fleet services business, AMECO, to One Equity Partners for $73 million. Nov 8, 2024 · Fluor reports mixed Q3 results with $4. The business, which had Nov 3, 2023 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. May 6, 2022 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our Stork business and remaining AMECO equipment business that were previously classified as discontinued operations but that continue to be marketed for sale. Sep 3, 2020 · Fluor Corporation recently sold substantially all of AMECO Caribbean Inc. Aug 25, 2020 · Fluor Corp. AMECO has more than 75 years of Site Services® experience supporting construction and operating sites. AMECO is the Site Services® Company providing everything a construction project or operating facility needs to keep moving, no matter the scale: small, large, or truly epic. Only 15 companies, including AMECO, were selected to receive this prestigious honor, awarded in July 2004. Feb 18, 2025 · Fluor Corporation announced financial results for its year ended December 31, 2024. It sold the Caribbean business in August 2020. Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Stewart said that over the year of talks with Fluor included different levels of approval, due diligence and meeting of performance markers. * An asterisk denotes experience performed by one of our lawyers at a previous firm. Fluor Corporation (NYSE: FLR) today provided an updated outlook for its current operations, including its proposed spin-off of Massey Coal, and the decision to divest portions of its AMECO equipment business. , and will integrate the company’s proven equipment and execution services strategies with Mitsui’s longstanding experience and presence in Colombia. The divestiture is part of Fluor’s plan to completely sell off the equipment management side of its business. 6B gain in Q4. has sold the assets of AMECO Caribbean Inc. (Union Carbide) for the LP-7 project expansion to its existing complex. Mar 14, 2023 · US engineering group Fluor Corporation has wrapped up its protracted divestment of the 50-year-old AMECO business with its sale of the South America arm to private-equity-controlled Stracon of Peru. Greenville, South Carolina-based AMECO was purchased by middle-market private equity firm One Equity Partners (OEP) for $73 million. Aug 17, 2020 · Fluor Corp. Fluor announced plans in September 2019 to fully divest its AMECO construction rental company, and this sale marks the initial milestone of accomplishing The Other segment, which includes Stork, AMECO and Fluor’s 56% ownership in NuScale, reported revenue of $283 million and a loss of $90 million. (NYSE:FLR), Wednesday announced that it was awarded a contract to provide equipment rentals, equipment maintenance, small tools and supplies, and related site services to Union Carbide Canada Inc. AMECO achieved a rating of 92 percent in four critical areas American Equipment Company (AMECO), the equipment rental, sales and project services subsidiary of Fluor Corp. Segment results for the quarter include $60 million of negative earnings impact from the sale of the AMECO South America business and $29 million for NuScale expenses. Union Carbide is AMECO, a unit of Fluor Corporation, announced today that it has formed a joint venture with Mikisew Energy Services Group. It is also actively marketing the remaining elements of the group, including its remaining AMECO South America and ServiTrade Mozambique operations. 1 billion, or $12. Vice President of Global Operations AMECO (Business line Fluor Corp) Jan 2013 - Mar 20141 year 3 months Fluor announced plans in September 2019 to fully divest its AMECO construction rental company, and this sale marks the initial milestone of accomplishing that strategy with an ongoing focus on the company’s core markets. C. Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Eastman representatives noted the following AMECO accomplishments for May 6, 2022 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our Stork business and remaining AMECO equipment business that were previously classified as discontinued operations but that continue to be marketed for sale. American Equipment Company (AMECO), the wholly owned equipment rental and sales subsidiary of Fluor Corporation (NYSE:FLR), announced today that it, through its AMECO Services Inc. Union Carbide is Nov 4, 2022 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that were previously classified as discontinued operations but that continue to be marketed for sale. and Canada. and Canada, was purchased by middle-market private equity firm One Equity Partners for $73 million. Mar 15, 2023 · Fluor Corporation ’s FLR shares fell 0. ServiTrade provides fully operated and maintained equipment, camp services, transportation, and batch plant services to the infrastructure, mining, natural gas and power industries with an execution model aligned with May 3, 2024 · The Other segment, which includes the remaining Stork and AMECO businesses and Fluor’s 55% ownership in NuScale, reported revenue of $222 million and a loss of $22 million. I am Looking for Solutions: In These Practices / Industries In the Following Locations Clear All Practices: Geographies: Industries: Featured: Share View Next * An asterisk denotes experience performed by one of our lawyers at a previous firm Featured Related Experience AMECO, the fleet management and construction support unit of Fluor Corporation (NYSE: FLR), today announced that it has received a 2003 Supplier Excellence Program Award from Eastman Chemical Company in Kingsport, Tenn. S. Mar 16, 2023 · Fluor sells AMECO South America to STRACON Group Thursday 16 March 2023 15:00 Fluor has completed its AMECO divestiture with the sale of its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group. In conjugation with its strategic initiative to sell AMECO, this deal marks the Aug 1, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as Net earnings from core operations is net earnings attributable to Fluor excluding the results of our Stork business and remaining AMECO equipment business that were previously classified as discontinued operations but that continue to be marketed for sale. The company is based in Fort McMurray, Alberta, Canada, and will focus on providing services in the Wood Buffalo region of May 3, 2024 · The Other segment, which includes the remaining Stork and AMECO businesses and Fluor’s 55% ownership in NuScale, reported revenue of $222 million and a loss of $22 million. AMECO, which is headquartered in Greenville with field operations throughout the U. Revenue for 2024 was $16. AMECO provides construction projects with full lifecycle management of their May 19, 1999 · American Equipment Company (AMECO), the equipment rental, sales and project services subsidiary of Fluor Corp. Following the sale, the new company will operate as JAMECO Equipment Company Limited. May 2, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. (Irving, Tex. completed the acquisition of AMECO South America business from Fluor Corporation (NYSE:FLR) for approximately $140 million on March 14, 2023. announced plans last year to fully divest its AMECO construction rental company. to Stewart’s Automotive Group in Jamaica for a sale price of $22 million. "Our branding effort and logo will enhance market awareness of the integrated equipment and tool services that we provide to our customers," said Gary Bernardez Fluor Corporation (NYSE: FLR) announced that AMECO, its tool and equipment unit, celebrated the grand opening of its new global headquarters today in Greenville, South Carolina. May 4, 2021 · AMECO is a full-service provider of construction equipment, scaffolding, small tools management and total site solutions to capital construction project owners, contractors and ongoing plant operators in the chemical, power, energy, life sciences and advanced manufacturing sectors across the U. The joint venture will be called AMECO Colombia, S. One Equity Partners, a middle-market private equity firm, announced it agreed to acquire the North American operations of AMECO, a full-service provider of construction equipment, scaffolding, small tools management and total site solutions May 2, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Nov 4, 2022 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that were previously classified as discontinued operations but that continue to be marketed for sale. Fluor Corporation (NYSE:FLR) announced today that its AMECO unit has agreed to form a joint venture with United Rentals, Inc. May 3, 2024 · The Other segment, which includes the remaining Stork and AMECO businesses and Fluor’s 55% ownership in NuScale, reported revenue of $222 million and a loss of $22 million. Aug 1, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. AMECO has more than 29 years of experience providing comprehensive services that include equipment, operation and maintenance solutions for the mining industry. AMECO, the fleet outsourcing and construction support unit of Fluor Corporation (NYSE:FLR), today announced that it has been awarded a contract to provide fleet maintenance and repair services for Reliant Energy Power Generation's (REPG) fleet equipment at its Texas GENCO plants. The deal will see the return to the business of Gary Bernardez as CEO. AMECO South America is a provider of integrated mobile equipment services, solutions, and rentals that serves ongoing operations Aug 1, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. This new partnership, Mikisew/AMECO Group, will provide fleet management and common services for capital construction projects and ongoing operations. The company noted that the the sale marks the initial milestone of accomplishing this strategy with an Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Mar 13, 2023 · STRACON S. IRVING, Texas-- (BUSINESS WIRE)--AMECO, a unit of Fluor Corporation (NYSE: FLR), providing integrated equipment and tool solutions to government and industry, announced today that its has achieved 25 million safe work hours with no lost-time injuries for nearly eight years from March 1, 2001 to January 1, 2009. Fluor Corporation in the $73 million divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners. Jun 30, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Dec 3, 2001 · As part of its previously announced strategy to exit certain non-core businesses in order to focus on its traditional engineering, procurement, construction and maintenance services businesses, Fluor Corporation (NYSE: FLR) today reported the sale of its construction equipment dealership in Georgia. Feb 20, 2024 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Fluor Corporation (NYSE: FLR) announced today the divestiture of its North American equipment and fleet services business, AMECO , to One Equity Partners for $73 million. Q1 2023 net loss attributable to Fluor of $107 million reflects project forecast revisions and sale of AMECO South America Company affirms its 2023 and 2026 adjusted EPS and adjusted EBITDA guidance IRVING, Texas-- (BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2023. Originating in 1947 in Greenville, S. Mar 16, 2023 · Fluor Corp. We expect the Other segment to be immaterial in 2025. Jun 16, 2021 · AMECO, a construction and maintenance field services planning and management company, has been spun off by its parent company, Fluor Corporation. May 15, 2023 · Fluor’s divestment in AMECO has been in process for a while; it first announced it would divest the company in September 2019 and went on to sell the AMECO Caribbean business in August 2020. AMECO Jun 16, 2021 · AMECO, a construction and maintenance field services planning and management company based in Greenville, was purchased by middle-market private equity firm One Equity Partners for $73 million. While the company may sell its campus, Fluor plans to Mar 15, 2023 · Fluor Corporation’s FLR shares fell 0. AMECO’s global workforce totals more than 1,900 employees. AMECO, the fleet management and construction support unit of Fluor Corporation (NYSE: FLR), today announced that its Borger, Texas, operations center has received the 2004 Supplier of the Year Award from Chevron Phillips Chemical Company LP (Chevron Phillips Chemical). May 5, 2023 · Q1 2023 net loss attributable to Fluor of $107 million reflects project forecast revisions and sale of AMECO South America Company affirms its 2023 and 2026 adjusted EPS and adjusted EBITDA guidance IRVING, Texas-- (BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2023. "The company is making steady progress in finalizing remaining business portfolio decisions and is on track to complete the proposed spin-off of Massey Coal before the end of this Oct 3, 2019 · Fluor Corporation (NYSE: FLR) recently announced significant changes as the result of its strategic review and operational review. May 4, 2021 · One Equity Partners has agreed to carve out the North American operations of AMECO from Fluor Corp for $73 million. This transaction marks the completion of the AMECO divestiture which was a strategic initiative to allow Fluor to AMECO, a unit of Fluor Corporation (NYSE:FLR) providing integrated equipment and tool solutions to government and industry, today announced that its global workforce of more than 1,500 employees has worked 15 million safe work hours from March 2001 through October 2006 with no lost-time injuries. May 4, 2021 · Fluor Corp has sold the North American arm of its AMECO rental business to One Equity Partners (OEP) for US$73 million (€61 million). ) announced that the company sold its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group, a diversified strategic partner to the mining sector in the Americas. Previous AMECO divestitures included company assets in Africa, the Caribbean, Mexico and North America. The company, which had previously announced its plans in September 2019 to fully divest Ameco construction rental company, said the sale of the Jamaican operation marks the initial step in the divestiture. Fluor announced plans in September 2019 to fully divest its AMECO construction rental company, and this sale marks the initial milestone of accomplishing Nov 8, 2024 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. The contract, valued up to $6 million, encompasses a diverse 600-unit fleet spanning Reliant's coal and gas Aug 1, 2025 · Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. , as the equipment division of Daniel Construction Company, AMECO celebrates this anniversary with diverse, worldwide operations that include opening a new office in Fort McMurray, Alberta Aug 6, 2021 · $192 million received in outside investment for NuScale this year $100 million in proceeds for the sale of AMECO North America and a P3 investment; AMECO South America and Stork divestitures underway Aug 2, 2024 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. May 2, 2025 · IRVING, Texas, May 02, 2025--Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2025. Jun 17, 2021 · It became part of the Fluor Corporation, then called Fluor Daniel, when Fluor acquired Daniel in 1977. Transaction marks completion of AMECO divestiture Fluor Corporation (NYSE: FLR) announced today that the company sold its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group, a diversified strategic partner to the mining sector in the Americas. (NOVA) for its Joffre 2000 project expansion at May 4, 2021 · Strategic Carve-Out Builds on Firm’s Industrial Sector Expertise NEW YORK – One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has agreed to acquire the North American operations of AMECO (“AMECO” or the “Company”), a full-service provider of construction equipment, scaffolding, small tools management and total site solutions, from Fluor May 13, 2021 · AMECO managed fleet services for Fluor in North America. subsidiary, was awarded a contract to supply construction equipment, equipment maintenance, small tools and supplies, and related site services to NOVA Chemicals Ltd. AMECO South America is a provider of integrated mobile equipment services, solutions and rentals that serves ongoing Mar 16, 2023 · Fluor sells AMECO South America to STRACON Group Thursday 16 March 2023 15:00 Fluor has completed its AMECO divestiture with the sale of its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group. has sold its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group, a diversified strategic partner to the mining sector in the Americas. 2 billion, 81% reimbursable Q1 2023 net loss attributable to Fluor of $107 million reflects project forecast revisions and sale of AMECO South America Company affirms its 2023 and 2026 adjusted EPS and adjusted EBITDA guidance The Other segment, which includes Stork, AMECO and Fluor's 56% ownership in NuScale, reported revenue of $283 million and a loss of $90 million. American Equipment Company (AMECO), a unit of Fluor Global Services, today unveiled a global branding initiative - including a redesigned logo - to support the company's new strategic direction and strengthen AMECO's market visibility. Net earnings from core operations is net earnings attributable to Fluor excluding the results of our Stork business and remaining AMECO equipment business that were previously classified as discontinued operations but that continue to be marketed for sale. 3 days ago · Fluor, a leading engineering & construction company, provides engineering, procurement, construction (EPC), maintenance & project management services worldwide. May 12, 2021 · As long expected, Fluor Corp. Nov 8, 2024 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. May 4, 2021 · Fluor Corporation (NYSE: FLR) has completed the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million. Learn more about AMECO's history. This transaction marks the completion of the AMECO divestiture which was a strategic initiative to allow Fluor to focus on its core businesses and capital priorities. Object movedObject moved to here. May 4, 2021 · Release Deal Description: Fluor Corporation (NYSE: FLR) announced today the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million. We completed the sale of Stork's U. About Fluor Corporation Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. acquired AMECO South America business from Fluor Corporation (NYSE:FLR) on March 14, 2023. AMECO, a unit of Fluor Corporation (NYSE:FLR) providing integrated equipment and tool solutions to government and industry, is celebrating its 60 th anniversary. Mar 14, 2023 · Fluor Corporation announced today that the company has sold its AMECO South America business, which includes assets in Chile and Peru, to STRACON Group, the diversified strategic partner to the mining sector in the Americas. Fluor Corporation (NYSE: FLR) announced today that AMECO, a unit of Fluor, has acquired ServiTrade, a Mozambique-based construction equipment rental and project services company. Previous AMECO divestitures included company assets in Africa, the Caribbean, Mexico, and North America. K. (NYSE: URI) to offer comprehensive equipment and tool solutions for ongoing plant maintenance and turnaround activities initially supporting the oil and gas industry in the Gulf Coast region of the United States. Mar 14, 2023 · Fluor Corporation (NYSE: FLR) has announced the successful sale of its AMECO South America business to STRACON Group, finalizing its AMECO divestiture strategy. The sale price is $22 million. 30 per diluted Aug 17, 2020 · Fluor Corp. AMECO was founded in 1947 and is based in Greenville, South Carolina. "We are well positioned for the grow and execute chapte Feb 20, 2024 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Mar 23, 2023 · Carey has counselled Fluor on the sale of AMECO Peru and AMECO Chile to STRACON Group, as part of the global divestiture of the mining mobile equipment rental and services business. AMECO, a unit of Fluor Corporation (NYSE: FLR), providing integrated equipment and tool solutions to government and industry, announced today that the National Safety Council (NSC) has recognized the firm with multiple safety awards, most prominently, for its Industry Leader Award. The company noted that the the sale marks the initial milestone of accomplishing this strategy with an Aug 17, 2020 · Fluor Corp. The company was previously owned by Fluor Corporation. 8% in an after-hours trading session on Mar 14, post its announcement of the divestiture of the AMECO South America business. Senior executives from Fluor and AMECO and elected officials and employees attended the Aug 18, 2021 · No longer a Fluor company, AMECO charts its own future Evan Peter Smith August 18, 2021 AMECO CEO Gary Bernardez, left, said the company’s 70-plus years in business and a global network of more than 400 suppliers and manufac-turers allows for a more streamlined, cost-certain and delivery-certain approach to large-scale projects, below. May 5, 2021 · Fluor Corporation is to divest its North American equipment and fleet services business, AMECO, to One Equity Partners for $73m. Aug 18, 2020 · The sale of AMECO was announced on Monday by Fluor, which is listed on the New York Stock Exchange. With comprehensive Site Services available individually or as part of a fully managed onsite program we get you work ready with greater productivity, cost certainty, and safety. The sale of assets, reductions in staff and closing of offices has led to much speculation about the future of Fluor’s 2,000 plus employees in Greenville, SC. Feb 18, 2025 · The Other segment, which includes the operations of NuScale prior to deconsolidation and the Stork and AMECO business prior to their sale, reported full year revenue of $506 million and a loss of Mar 16, 2023 · This transaction marks the completion of the AMECO divestiture – a strategic initiative to allow Fluor to focus on its core businesses and capital priorities. (FLR) has sold substantially all of the assets of AMECO Caribbean, Inc. 8 billion, an increase of 20% compared to prior year New awards of $3. Fluor announced plans in September 2019 to fully divest its AMECO construction rental company, and this sale marks the initial milestone of accomplishing that strategy with an ongoing focus on the company’s core markets. Fluor Reports First Quarter 2023 Results Q1 2023 revenue of $3. The STRACON Group consolidates its presence in Chile, the world’s leading copper producer, through the acquisition of AMECO South America, from the Fluor Corporation group. 3 billion and net income attributable to Fluor was $2. Operated by the company's AMECO business unit, Fluor announced the sale of Stith Equipment to Mar 14, 2023 · AMECO South America is a provider of integrated mobile equipment services, solutions and rentals that serves ongoing operations and capital projects in the mining industry. Feb 21, 2023 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale. This sale marks a crucial step in the ongoing divestiture process that began in September 2019. “AMECO’s expertise in providing project tools and Executive Vice President / CHRO / Fluor Corporation · Experience: Fluor Corporation · Education: University of South Carolina - The Moore School of Business · Location: Irving · 500 . 3B. Aug 5, 2022 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our Stork business and remaining AMECO equipment business that were previously classified as discontinued operations but that continue to be marketed for sale. May 13, 2021 · Fluor Corporation announced the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million. It represents the culmination of plans announced way back in September last year. May 4, 2021 · One Equity Partners announced May 4 it has agreed to acquire the North American operations of AMECO, a full-service provider of construction equipment, scaffolding, small tools management and total site solutions headquartered in Greenville, South Carolina from Fluor Corporation for $73 million. “AMECO employees continue to set the safety standard in our industry,” said Gary Bernardez May 3, 2024 · The Other segment, which includes the remaining Stork and AMECO businesses and Fluor’s 55% ownership in NuScale, reported revenue of $222 million and a loss of $22 million. This transaction is another significant step in completing the AMECO divestiture announced by Fluor in September 2019. “The 15 million safe work hour milestone collectively acknowledges the individual commitment by Fluor Corporation - Sale of AMECO South America Practices: Mergers and Acquisitions Mar 16, 2023 · Fluor Corp. ’s assets to Stewart’s Automotive Group in Jamaica for $22 million. NuScale deconsolidation expected to yield $1. Backlog hits $31. The Other segment, which includes Stork, AMECO and Fluor’s 56% ownership in NuScale, reported revenue of $283 million and a loss of $90 million. Fluor designed and engineered the new LEED-certified space that features collaborative working space and the latest technology. Segment results for the quarter include $31 million for NuScale expenses and a gain of $11 million from the sale of Stork’s continental operations in Europe. to Stewart’s Automotive Group in Jamaica. The new company will operate as JAMECO Equipment Company Limited. More than 65 companies competed for the prestigious award. This strategic move, which also included previous divestitures in regions such as Africa, North America, and the Caribbean, aims to enable Fluor to concentrate on its core operations and capital priorities. 1B revenue, strong $330M cash flow, but lower segment profits. (USA), Inc. Fluor Global Services, a unit of Fluor Corporation (NYSE: FLR), today announced the formation of GlobEquip, a wholly owned e-commerce venture designed to transact the sale of surplus heavy construction and mining equipment to high-demand regions that lack the access to and benefits from such services. Carey has counselled Fluor Corporation on the sale of AMECO Peru and AMECO Chile to #STRACON Group, as part of the global divestiture of the mining mobile equipment rental and services business. , and was distinguished for This transaction marks the completion of the AMECO divestiture which was a strategic initiative to allow Fluor to focus on its core businesses and capital priorities. With the recent sale, AMECO is now owned by New York-based One Equity Partners. May 2, 2025 · Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2025. Fluor Corporation (NYSE: FLR) announced today that AMECO, its integrated mobile equipment and tool solutions unit, has formed a 70/30 joint venture with Mitsui & Co. to Stewart's Automotive Group in Jamaica. GlobEquip's strategic partners include Citibank, which will provide global banking services May 5, 2023 · Q1 2023 net loss attributable to Fluor of $107 million reflects project forecast revisions and sale of AMECO South America Company affirms its 2023 and 2026 adjusted EPS and adjusted EBITDA guidance Aug 17, 2020 · Fluor announced plans in September 2019 to fully divest its AMECO construction rental company, and this sale marks the initial milestone of accomplishing that strategy with an ongoing focus on the company’s core markets. This transaction marks the completion of the AMECO divestiture for total proceeds of $144 million, including $17 million during the 2023 Jul 15, 2021 · AMECO was recently spun off by its parent company, Fluor Corp. AMECO, a unit of Fluor Corporation (NYSE:FLR), providing integrated equipment and tool solutions to government and industry, announced today that its global workforce of more than 1,800 employees has achieved 20 million safe work hours from March 1, 2001 to March 17, 2008, with no lost-time injuries. STRACON S. A. operations in the first quarter of 2025. It became part of the Fluor Corporation, then called Fluor Daniel, when Fluor acquired Daniel in 1977. Fluor Corporation (NYSE: FLR) announced today that the company has sold substantially all of the assets of AMECO Caribbean, Inc. The business, which had assets in Chile and Peru, was sold to STRACON Group — a diversified strategic partner to the mining sector in the Americas. Aug 2, 2024 · Net earnings from core operations is net earnings attributable to Fluor excluding the results of our remaining Stork and AMECO businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. AMECO was recognized at the recent NSC 2009 Safety Congress and Expo in Orlando, Fla. Feb 18, 2025 · The Other segment, which includes the operations of NuScale prior to deconsolidation and the Stork and AMECO business prior to their sale, reported full year revenue of $506 million and a loss of $78 million. AMECO South America Mar 21, 2023 · Fluor’s divestment in AMECO has been in process for a while; it first announced it would divest the company in September 2019 and went on to sell the AMECO Caribbean business in August 2020. This transaction was closed on 13 March and involved the US and Peruvian jurisdictions, in addition to Chile. div lokxkk qtgvqc uwj rwk agqh duce jym ujj pccjed