-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G9FW05qUeWaouMmUbuh+WioN79qohjPllDOi+j0l81UVNeZKpjvGtS9qQOsRizbI lY0KHdVmGfPCymija0hSsw== 0001104659-08-033165.txt : 20080514 0001104659-08-033165.hdr.sgml : 20080514 20080514162051 ACCESSION NUMBER: 0001104659-08-033165 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20080514 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080514 DATE AS OF CHANGE: 20080514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLUOR CORP CENTRAL INDEX KEY: 0001124198 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] IRS NUMBER: 330927079 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16129 FILM NUMBER: 08832093 BUSINESS ADDRESS: STREET 1: 6700 LAS COLINAS BLVD CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 4693987000 MAIL ADDRESS: STREET 1: 6700 LAS COLINAS BLVD CITY: IRVING STATE: TX ZIP: 75039 8-K 1 a08-14452_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest reported event):  May 14, 2008

 

FLUOR CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-16129

 

33-0927079

(State or other jurisdiction of incorporation or organization)

 

(Commission File Number)

 

(IRS Employer Identification Number)

 

6700 Las Colinas Blvd.
Irving, Texas

 

75039

(Address of principal executive offices)

 

(Zip Code)

 

(469) 398-7000

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 7.01              Regulation FD Disclosure.

 

On May 14, 2008, Fluor Corporation announced that it had signed a contract with Scottish and Southern Energy (“SSE”) to design and construct the 500 megawatt Greater Gabbard Offshore Wind Farm.  The Greater Gabbard Offshore Wind Farm Project has been developed by a 50:50 joint venture between Fluor International Limited and Airtricity Holdings (UK) Limited (a subsidiary of SSE). Having successfully completed the development phase and signed the construction contract, Fluor also announced that it has sold its 50 percent stake in Greater Gabbard Offshore Winds Ltd. to Airtricity for approximately $80 million (£40 million).  A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Fluor also announced on May 14, 2008 that it had increased its full year guidance for 2008 Earnings Per Share by $0.35 to a range of $6.60 to $6.90 per share, to include the one-time gain related to the completion of the sale to Airtricity.  This compares to guidance of $6.25 to $6.55 per share, issued on May 12, 2008, which included approximately $0.15 per share of initial cash proceeds received earlier in the quarter.  A copy of the press release making this announcement is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

 

The information in this Current Report on Form 8-K, including the exhibits, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section.  Furthermore, this Current Report on Form 8-K, including the exhibits, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934.

 

Item 9.01.  Financial Statements and Exhibits.

 

                (d)           Exhibits.

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release issued by Fluor Corporation on May 14, 2008 announcing the Greater Gabbard Offshore Wind Farm contract.

99.2

 

Press Release issued by Fluor Corporation on May 14, 2008 announcing an increase to its EPS guidance to include a one-time gain.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

May 14, 2008

FLUOR CORPORATION

 

 

 

By:

/s/ D. Michael Steuert

 

 

D. Michael Steuert

 

 

Senior Vice President and Chief

 

 

Financial Officer

 

 

2



 

FLUOR CORPORATION

INDEX OF EXHIBITS

 

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release issued by Fluor Corporation on May 14, 2008 announcing the Greater Gabbard Offshore Wind Farm contract.

99.2

 

Press Release issued by Fluor Corporation on May 14, 2008 announcing an increase to its EPS guidance to include a one-time gain.

 

 

 

3


EX-99.1 2 a08-14452_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

Fluor Corporation

 

Keith Stephens / Brian Mershon

 

 

Irving, Texas 75039

 

Media Relations

 

 

6700 Las Colinas Blvd

 

469.398.7624 / 469.398.7621 tel

 

 

 

 

 

 

 

469.398.7000 tel

 

Ken Lockwood / Jason Landkamer

 

 

469.398.7255 fax

 

Investor Relations

 

 

 

 

469.398.7220 / 469.398.7222 tel

 

 

 

 

 

 

 

 

 

 

 

News Release

 

 

 

 

FLUOR TO BUILD WORLDS LARGEST OFFSHORE WIND FARM

 

LONDON, May 14, 2008 — Fluor Corporation announced today that it signed a contract with Scottish and Southern Energy (SSE) to design and construct the 500 megawatt (MW) Greater Gabbard Offshore Wind Farm. The venture is the world’s largest offshore wind farm project to move into the construction phase and will be built approximately 25 kilometers off the Suffolk coast of the United Kingdom (UK). The new award will be booked in the company’s second quarter of 2008 and is worth approximately $1.8 billion (£900 million).

 

It will be the first UK offshore wind farm to be built outside territorial waters and will provide carbon neutral, renewable electricity for more than 415,000 homes, equivalent to the approximate domestic demand of Suffolk.

 

The Greater Gabbard Offshore Wind Farm Project has been developed by a 50:50 joint venture between Fluor International Limited and Airtricity (acquired by SSE in February 2008). Having successfully completed the development phase and signed the construction contract, Fluor has sold its 50 percent stake in Greater Gabbard Offshore Winds Ltd to SSE for approximately $80 million (£40 million).

 

Prior to receiving the engineering, procurement and construction (EPC) contract, Fluor’s development responsibilities included the management of environmental studies, site surveys and engineering that culminated in the submission of an Environmental Impact Statement. Fluor also leveraged its supply chain knowledge and experience to support the joint venture in securing the project’s connection to the UK’s National Grid, the supply of offshore wind turbines, heavy steel structures and other critical supply chain elements required for timely construction.

 

Fluor and Airtricity worked closely with the local authorities, community and conservation

 



 

 

 

 

 

 

bodies in the development of the project and in particular the siting of the onshore substation. Fluor recognizes and appreciates the communications, support and cooperation of the local communities and intends to maintain a high level of engagement throughout the construction phase.

 

The Greater Gabbard Offshore Wind Farm Project will feature 140 wind turbines each having a rated capacity of 3.6 MW. The turbines will be supplied by Siemens Wind Power A/S under a separate contract with SSE. Fluor will be responsible for the installation of the turbines which will be mounted on steel monopiles and transition pieces in water depths between 24 and 34 meters. A new electricity substation will be built near Sizewell, Suffolk, UK.

 

Construction work is scheduled to commence for the offshore site in summer 2009, with work to prepare the site for the onshore substation already underway. The wind farm will be commissioned in two phases, with the entire construction scheduled to be completed in 2011.

 

“This investment in Greater Gabbard is very welcome and a prime example of the increasing number of renewable projects that are now taking place across the UK,” said John Hutton, UK Secretary of State for Business, Enterprise and Regulatory Reform. “The massive potential of the UK shoreline coupled with the right market conditions mean the UK is one of the most attractive places in the world to invest in offshore technology.

 

“Through the Energy Bill we are providing more financial support to offshore projects, and in the summer we will be setting out our plans to increase renewables further. Tackling climate change and securing future energy supplies is of the utmost importance and a vast expansion of both onshore and offshore wind will be central to this,” said Hutton.

 

“This project demonstrates Fluor’s capability of working closely and in partnership with our clients in developing projects from concept through to realization,” said Patrick Flaherty, senior vice president of Fluor. “We are extremely proud to be the first of the UK’s round two offshore wind farm projects awarded by The Crown Estate to move into the construction phase. Greater Gabbard will make a meaningful contribution to the UK Government’s renewable energy targets.”

 



 

 

 

 

 

 

“The success of the Greater Gabbard Wind Farm will clearly establish Fluor as a leader in the rapidly growing market to develop and construct large-scale offshore wind farms,” said Stephen Dobbs, senior group president of Fluor. “Wind farms represent just one aspect of Fluor’s strategy of applying our expertise and resources to assist clients in making meaningful reductions in carbon emissions and providing significant amounts of new, clean and renewable energy.”

 

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

 

# # #

 

FLRG

 


EX-99.2 3 a08-14452_1ex99d2.htm EX-99.2

Exhibit 99.2

 

 

 

Fluor Corporation

 

Keith Stephens / Brian Mershon

 

 

Irving, Texas 75039

 

Media Relations

 

 

6700 Las Colinas Blvd

 

469.398.7624 / 469.398.7621 tel

 

 

 

 

 

 

 

469.398.7000 main tel

 

Ken Lockwood / Jason Landkamer

 

 

469.398.7255 main fax

 

Investor Relations

 

 

 

 

469.398.7220 / 469.398.7222 tel

 

 

 

 

 

 

 

 

 

 

 

News Release

 

 

 

 

FLUOR CORPORATION INCREASES EPS GUIDANCE TO INCLUDE ONE-TIME GAIN

 

Irving, TX — May 14, 2008 — Earlier today, Fluor completed the sale of its 50 percent interest in the Greater Gabbard Offshore Winds Ltd. joint venture to Airtricity Holdings (UK) Limited, a subsidiary of Scottish and Southern Energy plc.  This transaction results in a one-time gain of approximately $0.50 per diluted share, which will be included in second quarter results.  As a result, the company is increasing its full year Earnings Per Share guidance for 2008 by $0.35, to a range of $6.60 to $6.90 per share.  This compares to guidance of $6.25 to $6.55 per share, issued on May 12, which included approximately $0.15 per share of initial cash proceeds received earlier in the quarter.

 

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management.  Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007.  For more information, visit www.fluor.com.

 

FLRF

 


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