Riding high on its spree of winning contracts, Fluor Corporation FLR disclosed that it has been selected by Goldcorp Inc. GG – one of the prominent gold mining firms – to offer integrated services approach for its mining projects. As per the agreement, Fluor penned a strategic alliance with this Canadian mining giant for offering engineering and construction services.
The deal strengthens the relationship between Fluor and Goldcorp, alongside enhancing the formers’ client base. Goldcorp, the world’s thriving gold producer, has significant projects spread across the Americas.
As a matter of fact, Fluor has a solid track record of receiving awards and completing projects on time, thereby ensuring client satisfaction. The company strives hard to complete all its projects on schedule, while meeting or in fact exceeding client specifications. Continuing with the same, of late, Fluor was flooded with a spate of new contracts in various parts of the world.
Last month, Fluor won a contract of undisclosed value from the leading mining and metallurgy company, Shaanxi Non-Ferrous Tian Hong REC Silicon Materials Co., Ltd., (TianREC), a joint venture between Shaanxi Non-Ferrous Tian Hong New Energy Co., Ltd., and REC Silicon Inc. Moreover, Fluor was awarded a contract of undisclosed value to provide project management contractor services to the State Oil Company of Azerbaijan Republic (SOCAR). Such wins give Fluor an extra edge and a distinct competitive advantage.
Fluor has scheduled the release of its first-quarter earnings results on Apr 30, 2015. The Zacks Consensus Estimate for the same is pegged at 99 cents, representing year-over-year growth of around 7.4%.
Fluor currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same sector include ESCO Technologies Inc. ESE and A.O. Smith Corp. AOS. Both stocks sport Zacks Rank #2 (Buy).
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