Revenue during the quarter grew 9.31 percent to $4,835.90 million from $4,423.90 million in the previous year period. Gross margin for the quarter contracted 268 basis points over the previous year period to 3.10 percent. Total expenses were 97.83 percent of quarterly revenues, up from 95.46 percent for the same period last year. That has resulted in a contraction of 237 basis points in operating margin to 2.17 percent.

"We continue to experience headwinds as it relates to the timing of client capital decisions as we come off of one of the lowest commodity cycles this industry has seen in recent history," said David Seaton, Fluor chairman and chief executive officer. "However, we still see the same prospects and the ability for the trend to reverse as we move into the second half of 2017 and beyond."

For fiscal year 2017, the company expects diluted earnings per share to be in the range of $2.25 to $2.75.

The company has spent $96.30 million cash to meet investing activities during the quarter as against cash outgo of $560 million in the last year period. It has incurred capital expenditure of $52.20 million on net basis during the quarter, up 129.96 percent or $29.50 million from year ago period.

The company has spent $77.50 million cash to carry out financing activities during the quarter as against cash inflow of $170.80 million in the last year period.