Risk Factors" in the Company's Form 10-K filed on September 25, 2020. 11/12/20. 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. NuScale expenses in the first quarter of 2020 were $23 million. IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Conference Call Transcript. 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. 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: Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. Additive manufacturing service provider and software developer Materialise (NASDAQ:MTLS) has announced financial results for the first quarter ended March 31, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. 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. 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 March 31, 2020. Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. August 13, 2020. Brian Mershon Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. “Project adjustments during the quarter were primarily related to COVID-19. 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 June 30, 2020. We also use them to share usage information with our partners. Fluor’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. 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. IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 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. Webcasts Year - Any - 2021 2020 2019 2018 2017 2016 2015 … Third Quarter 2020 Earnings Conference Call. The web replay will be available for 30 days. This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. EPS of $0.14 misses by $0.12 | Revenue of $3.80B (-19.58% Y/Y) misses by $171.85M. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Fluor ranks 181 on the FORTUNE 500 ® list, and employs a workforce of more than 45,000 worldwide. 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. Q3: 2020-12-10 Earnings Summary. 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 Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. +6.4%) –driven by Reinsurance and Industrial Lines Resilient Solvency II ratio (excl. Consolidated segment profit for the quarter was $61 million, Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. 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. 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 quarter ended September 30, 2020. 469.398.7621 tel, Jason Landkamer Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies, 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 June 30, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Slides Press Release 10-Q. 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 September 30, 2020. 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 … Caution must be exercised in relying on these and other forward-looking statements. Q1 2020 Financial Results. Government is now included as continuing operations in all financial results. 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. 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 year ended December 31, 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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). 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 include $9 million for change in project positions due to COVID-19 schedule delays. The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. -EPS: -$1.22 in Q1 vs. -$0.42 Privacy Policy and Revenue for the quarter was $3.8 billion and net … 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. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. 2020 Adjusted EPS Guidance established at a range of $1.40 to $1.60 ; IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today disclosed preliminary select financial results for its fiscal year and fourth quarter ended December 31, 2019 and announced a delay in the submission of full year financial statements. 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 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. 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. The company will hold its next call with the investment community in conjunction with the release of its third quarter results. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. Government is now included as continuing operations in all financial results. Revenue for … Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 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. 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. 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. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. 2020 Q3 Earnings Documents. This site is protected by reCAPTCHA and the Google 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. Operator. Media Relations The Company does not expect to file its annual report on Form 10-K for the period ended … 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. “Project adjustments during the quarter were primarily related to COVID-19. 881. Revenue for the quarter was $3.8 billion and net earnings from … Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. Fluor Reports Delayed First Q1 Results. NuScale expenses in the first quarter of 2020 were $23 million. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. 171. 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). 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. 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. 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. 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