fluor q1 2020 results

Stockhouse.com use cookies on this site. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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”. 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. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. Cookies are used to offer you a better browsing experience and to analyze our traffic. Fluor ranks 181 on the FORTUNE 500 ® list, and employs a workforce of more than 45,000 worldwide. New awards for the first quarter were $4.2 billion and ending backlog was $31.4 billion. 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. The Company does not expect to file its annual report on Form 10-K for the period ended … It’s FREE! 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. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. 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. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its year ended December 31, 2019. +6.4%) –driven by Reinsurance and Industrial Lines Resilient Solvency II ratio (excl. 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. 469.398.7621 tel, Jason Landkamer 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. Fluor Reports Delayed First Q1 Results. 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.Revenue for the quarter was $3.8 billion and … 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. 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. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. Slides Press Release 10-Q. Fluor Reports Second Quarter 2020 Results. 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. 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. 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 … New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. 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. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. We also use them to share usage information with our partners. Fluor Corporation (NYSE:FLR) Q3 2020 Results Conference Call December 10, 2020 08:30 AM ET Company Participants Jason Landkamer - Director, IR Alan Boeckmann - … 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 Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. 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. New awards of $684 million included an extension to the LOGCAP IV contract as well as a project with the U.S. Air Force. IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. 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 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. 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 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. IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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 September 30, 2020. 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. Vattenfall Q1 Results 2020 Overview 1 Last 12-month values Result development Financial targets Customer sales (TWh) Electricity production (TWh) 5 SEK bn Q1 2020 Q1 2019Δ Net Sales 48.2 49.6 -3% EBITDA 16.9 12.6 +34% Underlying operating profit (EBIT) 10.2 9.7 +5% EBIT 12.3 8.2 +51% Profit for the period 6.9 6.4 +7% Q1 2020 Q1 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 the net loss from continuing operations was $171 million or $1.22 per diluted share. Income after taxes . 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. 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. 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. 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. 0 Shares 0 0 0 0. August 13, 2020. This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. 171. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. News Release. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor Corporation today announced financial results for its quarter ended September 30, 2020. 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. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube. 1,440 – Special items (184) 29 + Amortization, impairments and reversals of impairments on intangible assets . Risk Factors" in the Company's Form 10-K filed on September 25, 2020. 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. Caution must be exercised in relying on these and other forward-looking statements. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Operating cash flow in the … Results include $9 million for change in project positions due to COVID-19 schedule delays. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. Q1 2020 Results, 7 May 2020 2020 Group net income outlook withdrawn on 21 April due to uncertain environment Group net income of EUR 223m (-5.1%) –Group RoE at 9.0%, above minimum target GWP grow by 6.4% (curr.-adj. Revenue for … Caution must be exercised in relying on these and other forward-looking statements. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. 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. This site is protected by reCAPTCHA and the Google Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. I Agree × Join today and have your say! Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. Media Relations IRVING, Texas--(BUSINESS WIRE) --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. The company will hold its next call with the investment community in conjunction with the release of its third quarter results. Results include $2 million for change in project positions due to COVID-19 schedule delays. NuScale expenses in the first quarter of 2020 were $23 million. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. 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. Operator. Results for the quarter reflect the impact to its operations due to a … New awards of $1.6 billion included a large metals project in North America. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. 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. Terms of Service apply. 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