Results for Q1 2020… Cautionary Statement on Forward Looking Information. New awards of $1.6 billion included a large metals project in North America. Fluor expects to file Q1 2020 results within the next month, followed approximately four weeks later by Q2 2020 results with Q3 2020 results approximately four weeks after that. +6.4%) –driven by Reinsurance and Industrial Lines Resilient Solvency II ratio (excl. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Webcasts Year - Any - 2021 2020 2019 2018 2017 2016 2015 … IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Actual results may differ materially as a result of a number of factors, including, among other things, the severity and duration of the COVID-19 pandemic and actions by governments, businesses and individuals in response to the pandemic, including the duration and severity of economic disruptions; the cyclical nature of many of the markets the Company serves, including the Company’s Energy & Chemicals segment; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; failure to remediate material weaknesses in our internal controls over financial reporting or the failure to maintain an effective system of internal controls; failure to prepare and timely file our periodic reports; the restatement of certain of our previously issued consolidated financial statements; intense competition in the industries in which we operate; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure of our joint venture or other partners, suppliers or subcontractors to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics, public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; risks related to our indebtedness; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; possible limitations on bonding or letter of credit capacity; failure to successfully implement our strategic and operational initiatives; risks or uncertainties associated with acquisitions, dispositions and investments; risks arising from the inability to successfully integrate acquired businesses; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions or inability to protect intellectual property; the Company’s failure, or the failure of our agents or partners, to comply with laws; the Company's ability to secure appropriate insurance; new or changing legal requirements, including those relating to climate change and environmental, health and safety matters; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; and restrictions on possible transactions imposed by our charter documents, Delaware law and our stockholder rights agreement. New awards of $1.6 billion included a large metals project in North America. A reconciliation of consolidated segment profit from continuing operations to earnings from continuing operations before taxes is included in the press release table. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. Government is now included as continuing operations in all financial results. New awards of $684 million included an extension to the LOGCAP IV contract as well as a project with the U.S. Air Force. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. 1,440 – Special items (184) 29 + Amortization, impairments and reversals of impairments on intangible assets . Privacy Policy and These forward-looking statements, including statements relating to our expectations as to the filing of our quarterly reports on Form 10-Q, strategic and operation plans, and projected cash balances and liquidity are based on current management expectations and involve risks and uncertainties. This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. By continuing to use our service, you agree to our use of cookies. 0 0 . Fluor’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. 2020 performance now expected to be better than original expectations, although the outlook for the balance of 2020 remains uncertain, with significant COVID-19 challenges across our markets; fuller update on plans and guidance at the Half Year Commenting on these results, Laxman Narasimhan, Chief Executive Officer, said: Certaininformation contained or incorporated by reference in this presentation,including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. Revenue for the quarter was $3.8 billion and net earnings from continuing operations attributable to Fluor was $19 million, or $0.14 per share. Actual results may differ materially as a result of a number of factors, including, among other things, the severity and duration of the COVID-19 pandemic and actions by governments, businesses and individuals in response to the pandemic, including the duration and severity of economic disruptions; Total segment profit (loss) $ and margin %, https://www.businesswire.com/news/home/20201022005202/en/. Revenue for the quarter … Fluor ranks 181 on the FORTUNE 500 ® list, and employs a workforce of more than 45,000 worldwide. Results include $2 million for change in project positions due to COVID-19 schedule delays. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Protolabs reports financial results for Q1 2020 with COVID-19 response Anas Essop May 01st 2020 - 6:27pm. The Company does not expect to file its annual report on Form 10-K for the period ended … The Infrastructure & Power segment reported a segment profit of $5 million in the first quarter of 2020 compared to a loss of $22 million in the first quarter of 2019. q1 15 q2 15 q3 15 q4 15 q1 16 q2 16 q3 16 q4 16 q1 17 q2 17 q3 17 q4 17 q1 18 q2 18 q3 18 q4 18 q1 19 q2 19 q3 19 q4 19 q1 20 Service sales Last 4 quarters (right scale) Service business in … With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. Results from discontinued operations for 2019 were a net profit of $154 million, or $1.10 per diluted share, compared to $164 million, or $1.17 per diluted share a year ago. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. As of the end of August 2020, Fluor’s cash balance was $2.1 billion and the company expects the cash balance to be approximately in that range through the end of the year. The Mining & Industrial segment reported a segment profit of $39 million in the first quarter of 2020 compared to a profit of $28 million in the first quarter of 2019. Fluor Reports Delayed First Q1 Results. Q3: 2020-12-10 Earnings Summary. Summary of Non-Cash Impairments and Charges, $169 million goodwill in Diversified Services, $86 million equity method investments in Energy & Chemicals segment, $27 million intangible customer relationships in Diversified Services segment, $16 million impairment of information technology assets, Established reserve on receivables and contract assets for certain joint venture clients in Mexico impacted by declining oil prices in the Energy & Chemicals segment, Impairment of assets held-for-sale, $12 million of which relates to goodwill write down, “As we previously disclosed, these impairments reflect the unprecedented impact of COVID-19 and related pressure on commodity prices,” said Carlos Hernandez, Fluor chief executive officer. WASHINGTON (dpa-AFX) - Below are the earnings highlights for Fluor Corp. (FLR):-Earnings: -$171 million in Q1 vs. -$44.2 million in the same period last year. Slides Press Release 10-Q. Results for the quarter also include $52 million in project adjustments for potential COVID-19 schedule delays and an approximately $100 million tax benefit from the Coronavirus Aid, Relief and Economic Security (CARES) Act. Fluor Reports Second Quarter 2020 Results 11/12/20 IRVING, Texas -- (BUSINESS WIRE)--Nov. 12, 2020-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. The web replay will be available for 30 days. IRVING, Texas -- (BUSINESS WIRE)--Nov. 12, 2020-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. IRVING, Texas—Fluor Corporation has announced delayed financial results for its quarter ended March 31, 2020. In February 2020, Fluor announced its intention to retain the government business, and will reflect its financial information in continuing operations starting with the first quarter of 2020. While Fluor has suspended its guidance for 2020, the company expects to report second quarter results in approximately four weeks and third quarter results four weeks after that. As of the end of August 2020, Fluor’s cash balance was $2.1 billion and the company expects the cash balance to be approximately in that range through the end of the year. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. As of the end of August 2020, Fluor’s cash balance was $2.1 billion and the company expects the cash balance to be approximately in that range through the end of the year. Segment profit is calculated as revenue less cost of revenue and earnings attributable to noncontrolling interests excluding: corporate general and administrative expense; impairment, restructuring and other exit costs; interest expense; interest income; domestic and foreign income taxes; other non-operating income and expense items; and earnings from discontinued operations. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $3.8 billion and net … Revenue for the quarter was $3.8 billion and net earnings from … Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. Results for the quarter also include $52 million in project adjustments for potential COVID-19 schedule delays and an approximately $100 million tax benefit from the Coronavirus Aid, Relief and Economic Security (CARES) Act. Brian Mershon Operating cash flow in the … Fluor Reports First Quarter 2020 Results. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $3.8 billion and net … -EPS: -$1.22 in Q1 vs. -$0.42 Results from discontinued operations, which includes the held-for-sale AMECO equipment business, were a loss of $95 million in the first quarter of 2020 or a loss of $0.68 per share. Stockhouse.com use cookies on this site. The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. The Diversified Services segment reported a segment profit of $5 million in the first quarter of 2020 compared to $9 million in the first quarter of 2019. This news release contains a discussion of consolidated segment profit from continuing operations that would be deemed a non-GAAP financial measure under SEC rules. Fluor Reports First Quarter 2020 Results Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Good morning, and welcome to the Fluor Corporation’s 3Q 2020 Earnings Conference Call. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. © Copyright 2021 Morningstar, Inc. All rights reserved. Actual results may differ materially as a result of a number of factors, including, among other things, the severity and duration of the COVID-19 pandemic and actions by governments, businesses and individuals in response to the pandemic, including the duration and severity of economic disruptions; the cyclical nature of many of the markets the Company serves, including the Company’s Energy & Chemicals segment; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; failure to remediate material weaknesses in our internal controls over financial reporting or the failure to maintain an effective system of internal controls; failure to prepare and timely file our periodic reports; the restatement of certain of our previously issued consolidated financial statements; intense competition in the industries in which we operate; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure of our joint venture or other partners, suppliers or subcontractors to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics, public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; risks related to our indebtedness; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; possible limitations on bonding or letter of credit capacity; failure to successfully implement our strategic and operational initiatives; risks or uncertainties associated with acquisitions, dispositions and investments; risks arising from the inability to successfully integrate acquired businesses; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions or inability to protect intellectual property; the Company’s failure, or the failure of our agents or partners, to comply with laws; the Company's ability to secure appropriate insurance; new or changing legal requirements, including those relating to climate change and environmental, health and safety matters; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; and restrictions on possible transactions imposed by our charter documents, Delaware law and our stockholder rights agreement. These forward-looking statements, including statements relating to our expectations as to the filing of our quarterly reports on Form 10-Q, strategic and operation plans, and projected cash balances and liquidity are based on current management expectations and involve risks and uncertainties. Results from discontinued operations, which includes the held-for-sale AMECO equipment business, were a loss of $95 million in the first quarter of 2020 or a loss of $0.68 per share. 14.01.2021 - Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2020. Fluor Corporation (NYSE:FLR) Q3 2020 Results Conference Call December 10, 2020 08:30 AM ET Company Participants Jason Landkamer - Director, IR Alan Boeckmann - … IRVING, Texas--(BUSINESS WIRE) --Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. Results include $9 million for change in project positions due to COVID-19 schedule delays. Government is now included as continuing operations in all financial results. The Other segment, which is comprised of NuScale and the Radford and Warren government projects, reported a loss of $22 million in the first quarter of 2020 compared to a loss of $26 million in the first quarter of 2019. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. The Energy & Chemicals segment reported a segment loss of $6 million in the first quarter of 2020 compared to a profit of $12 million in the first quarter of 2019. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $3.8 billion and The Government segment reported a segment profit of $31 million in the first quarter of 2020 compared to $38 million in the first quarter of 2019. New awards for the first quarter were $4.2 billion and ending backlog was $31.4 billion. Caution must be exercised in relying on these and other forward-looking statements. The Government segment reported a segment profit of $31 million in the first quarter of 2020 compared to $38 million in the first quarter of 2019. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. While Fluor has suspended its guidance for 2020, the company expects to report second quarter results in approximately four weeks and third quarter results four weeks after that. New awards related to projects located outside of the U.S. Backlog related to projects located outside of the U.S. Total segment profit (loss) is a non-GAAP financial measure. EPS of $0.14 misses by $0.12 | Revenue of $3.80B (-19.58% Y/Y) misses by $171.85M. Fluor’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. [Operator Instructions] A replay of today’s conference will be available at approximately 10:30 AM Eastern Time today, accessible on Fluor’s website at investor.fluor.com. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Item 1A. I Agree × Join today and have your say! Caution must be exercised in relying on these and other forward-looking statements. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Q1 2020 Financial Results. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Fluor Corp. announced on Sept. 25 its 2019 results delayed by an internal review following a February U.S. Securities and Exchange Commission probe of project charges previously stated last year. 171. Q1 2020 loss per share from continuing operations of $1.22 reflects non-cash impairments and charges related to weak commodity prices and COVID-19 No material project adjustments in the first quarter of 2020; $52 million change in project positions due to the impact of COVID-19 Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Third Quarter 2020 Earnings Conference Call. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events. Media Relations New awards of $357 million in the quarter include a framework agreement awarded to a Stork joint venture for Neptune Energy’s Dutch assets in the North Sea. IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Q1 2020 Results May 4th, 2020 11 735 742 779 788 58 58 33 33 128 129 89 89 19 19 21 22 (25) (40) 8 37 2 10 Q1 2019 FX hedges Q1 2019 Q1 2019 w/o FX hedges Cars and spare parts Engines Sponsorship, commercial and brand Other Q1 2020 at constant currency 2019 Change in FX 2019 vs. 2020 & FX hedges Q1 2020 Q1 2020 Segment results include a $55 million reserve on receivables and contract assets for clients that were directly and materially affected by the impacts of COVID-19 and declining oil prices and $40 million for change in project positions due to COVID-19 schedule delays and associated cost growth. Conference Call Transcript. Remaining backlog in the segment is $209 million. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. Results for the quarter reflect the impact to its operations due to a … Consolidated continuing operations for the first quarter of 2020 included non-cash impairments and charges of approximately $353 million to reflect the impact of weak commodity prices and COVID-19. New awards of $357 million in the quarter include a framework agreement awarded to a Stork joint venture for Neptune Energy’s Dutch assets in the North Sea. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Project in North America contract for the first quarter were $ 23 million world! With headquarters in Irving, Texas, fluor has served its clients for more information, please visit or. Announced financial fluor q1 2020 results for its quarter ended September 30, 2020 please visit www.fluor.com or follow on! Risk Factors fluor q1 2020 results in the segment is $ 209 million filings are available publicly... Sec rules company 's Form 10-K filed on September 25, 2020 0.14 misses by $ 0.12 revenue! 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