Fluor 2008 Annual Report Download - page 5

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shift resources, use of advanced technologies, project
execution excellence and robust financial position —
clearly separate us from our principal competitors. Despite
global financial disruptions, I remain optimistic that
Fluor’s underlying earnings potential is substantial.
Our Appreciation
In 2008, we said good-bye and thank you to two special
members of the Fluor family. Lord Robin Renwick, one
of our longest serving directors, retired from our Board of
Directors. He served as chair of our Board’s Governance
Committee and made significant contributions to Fluor
during his 11-year tenure. At the senior management level,
Steve Gilbert, senior vice president of Human Resources
and Administration, retired after 37 years of valuable
service in both business and functional leadership roles.
In conclusion, I wish to extend my sincere appreciation
to everyone engaged in our success. This includes our
Board of Directors, whose knowledge of our business and
perspective on global market opportunities add signifi cant
value to our operations. It involves our employees, whose
tireless contributions and outstanding achievements
are directly responsible for Fluor’s achievements. And
it represents our many clients and shareholders whose
trust, confidence and support we deeply value.
With the talent and dedication of our people and the
trust of our clients, there is no doubt that we will
successfully meet the challenges that lie ahead and
continue to serve you, our valued shareholders.
Alan L. Boeckmann
Chairman and Chief Executive Offi cer
March 10, 2009
CONSOLIDATED
NEW AWARDS
(Dollars in Billions)
30
25
20
15
10
5
0
1.4 8 19.3
2.93 22.6
3.93 25.1
06 07 08
EARNINGS
PER SHARE
(Dollars)
4.00
3.00
2.00
1. 0 0
0 06 07 08
CONSOLIDATED
BACKLOG
(Dollars in Billions)
35
30
25
20
15
10
5
0
976 21.9
1,714 30.2
2,108 33.2
06 07 08
CASH AND
MARKETABLE SECURITIES
(Dollars in Millions)
2,500
2,000
1,500
1,000
500
0 06 07 08
3