Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. 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. 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. 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. 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 March 31, 2020. Fluor Corporation (NYSE: FLR) today announced 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. 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. Revenue for the quarter was $3.8 billion and net earnings from … By continuing to use our service, you agree to our use of cookies. 469.398.7621 tel, Jason Landkamer 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. Revenue for … SUMMARY FINANCIALS AND U.S. GAAP RECONCILIATION OF CONSOLIDATED SEGMENT PROFIT, Total segment profit (loss) $ and margin %(1), Impairment, restructuring and other exit costs, Earnings (loss) attributable to NCI from continuing operations, Earnings (loss) from continuing operations before taxes, Net earnings (loss) from continuing operations. We believe that total segment profit (loss) provides a meaningful perspective on our business results as it is the aggregation of individual segment profit (loss) measures that we use to evaluate and manage our business performance. © Copyright 2021 Morningstar, Inc. All rights reserved. A reconciliation of consolidated segment profit from continuing operations to earnings from continuing operations before taxes is included in the press release table. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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 $129 million compared to $79 million a year ago. 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. 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. Operating cash flow in the … Risk Factors" in the Company's Form 10-K filed on September 25, 2020. 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 Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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. Conference Call Transcript. 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. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. 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. IRVING, Texas—Fluor Corporation has announced delayed financial results for its quarter ended March 31, 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. We also use them to share usage information with our partners. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor Reports First Quarter 2020 Results. Due to the impact of COVID-19 and the steep decline in oil prices on the AMECO business during the first quarter of 2020, the company recognized an impairment charge of $100 million, of which $12 million was related to goodwill, to write down the AMECO assets held for sale to fair value less cost to sell. 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”. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. Brian Mershon Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Revenue for the quarter was $3.8 billion and 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. Revenue for the quarter was $3.8 billion and net … Fluor Corporation (NYSE: FLR) today announced financial results for its year ended December 31, 2019. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Results for the quarter reflect the impact to its operations due to a … Consolidated segment profit for the quarter was $61 million, August 13, 2020. 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. Revenue for the quarter … 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. We believe that total segment profit (loss) provides a meaningful perspective on our business results as it is the aggregation of individual segment profit (loss) measures that we use to evaluate and manage our business performance. Revenue for the quarter was $4.1 billion and net … 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. 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. IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Fluor Reports Delayed First Q1 Results. 0 Shares 0 0 0 0. 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. Fluor reports delayed Q1 2020 results constructiondive.com | 10-23 After an internal accounting review and a Securities and Exchange Commission investigation delayed their release, Irving, Texas-based Fluor Corporation announced financial results for its first quarter 2020 yesterday, saying that revenue was $4.12 billion, down slightly from 2019 Q1 revenue of $4.13 billion. 1,440 – Special items (184) 29 + Amortization, impairments and reversals of impairments on intangible assets . 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. Income after taxes . 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. Forward-Looking Statements: This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "continue" is "positioned" or other similar expressions). Remaining backlog in the segment is $209 million. 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.