Heavy Equipment Unit Is Sold by Fluor
Fluor Corp. said it sold its J.W. Burress heavy equipment dealership to a group of Burress senior managers for an undisclosed price.
Burress, a 170-employee operation based in Roanoke, Va., was the last of five dealerships that Fluor has divested since 2001.
Aliso Viejo-based Fluor took an after-tax charge of $13.5 million in the first quarter to reflect the dealership’s deteriorating value in a depressed market. Fluor said the sale would have no material effect on its earnings.
Fluor rose 12 cents to $34.80 on the New York Stock Exchange.
-- Elizabeth Douglass
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
