Flour to sell AMECO construction rental unit in effort to gain profitability | Dump Truck Company
Fluor celebrated its 100th anniversary in 2012.
Fluor Corporation will sell its AMECO charlotte nc dump trucks services business along with its government-facing business, according to a report by DallasNews.com.
The actions come after the Irving, Texas-based dump trucks charlotte nc reported its worst-ever quarterly performance and replaced its chairman, CEO and chief financial officer. Second quarter results showed the firm “took $714 million in pretax charges from cost overruns, project delays, client disputes and other malfunctions,” reports the website.
CEO Carlos Hernandez told analysts that both AMECO and the company’s government group provided valuable diversification. “It was a difficult decision to divest these quality organizations,” he added, as quoted by the website.
Flour acquired AMECO, formerly the American Equipment Company, in 1977. The Greenville, South Carolina-based dump trucks charlotte nc offers rental and other charlotte nc dump trucks services to several industries throughout the world, including heavy industrial, mining, manufacturing, construction and government.
Flour hopes to sell off the two businesses in early 2020. Other plans include realigning and closing regional offices, which it says will save $100 million a year.