fluor q1 2020 results

Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. IRVING, Texas -- (BUSINESS WIRE)--Nov. 12, 2020-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 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. 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 September 30, 2020. The web replay will be available for 30 days. Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. 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. The company believes that consolidated segment profit from continuing operations provides a meaningful perspective on its business results as it is the aggregation of individual segment profit measures that the company utilizes to evaluate and manage its business performance. 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 … Results include $9 million for change in project positions due to COVID-19 schedule delays. 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. 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 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 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. 2020 Q3 Earnings Documents. New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. 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. 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. NuScale expenses in the first quarter of 2020 were $23 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. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. IRVING, Texas--(BUSINESS WIRE) --Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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. We continue to have the necessary liquidity to meet all of our obligations and operate our business.”. 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. Fluor Corporation (NYSE: FLR) 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. Government is now included as continuing operations in all financial 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. 881. 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. The company will hold its next call with the investment community in conjunction with the release of its third quarter results. Revenue for the quarter was $3.8 billion and net earnings from … The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. Fluor Reports First Quarter 2020 Results Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 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. 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. © Copyright 2021 Morningstar, Inc. All rights reserved. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted 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. Lenovo Posts Q1 2020/21 Financial Results. Media Relations Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. By continuing to use our service, you agree to our use of cookies. The company believes that consolidated segment profit from continuing operations provides a meaningful perspective on its business results as it is the aggregation of individual segment profit measures that the company utilizes to evaluate and manage its business performance. 1,440 – Special items (184) 29 + Amortization, impairments and reversals of impairments on intangible assets . 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. Risk Factors" in the Company's Form 10-K filed on September 25, 2020. 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 … Operating cash flow in the … 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 year ended December 31, 2019. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Remaining backlog in the segment is $209 million. Protolabs reports financial results for Q1 2020 with COVID-19 response Anas Essop May 01st 2020 - 6:27pm. This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. 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. 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. IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. This site is protected by reCAPTCHA and the Google “Project adjustments during the quarter were primarily related to COVID-19. 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’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. August 13, 2020. 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). IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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 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. IRVING, Texas—Fluor Corporation has announced delayed financial results for its quarter ended March 31, 2020. Fluor’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. 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. Results for the quarter reflect the impact to its operations due to a … Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. 469.398.7621 tel, Jason Landkamer Slides Press Release 10-Q. IRVING, Texas-- (BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. 171. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. 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. Stockhouse.com use cookies on this site. 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 … Fluor Reports Second Quarter 2020 Results. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube. 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. 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. 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. Conference Call Transcript. Revenue for the quarter was $3.8 billion and 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. A reconciliation of consolidated segment profit from continuing operations to earnings from continuing operations before taxes is included in the press release table. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. 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. Results include $2 million for change in project positions due to COVID-19 schedule delays. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube. We continue to have the necessary liquidity to meet all of our obligations and operate our business.”. 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. 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. 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 0 0 . 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. 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. Income after taxes . 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. Revenue for the quarter … 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. 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. Brian Mershon 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. 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 … 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. Fluor Reports First Quarter 2020 Results. Brian Mershon 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. Media Relations Investor Relations 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. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. 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. Revenue for the quarter was $3.8 billion and net … 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 Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. New awards for the first quarter were $4.2 billion and ending backlog was $31.4 billion. Results for Q1 2020… Cautionary Statement on Forward Looking Information. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 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. 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. HONG KONG, August 13, 2020 – Lenovo Group announced Group revenue in the first quarter of US$13.3 billion, up almost 7% year-on-year (up 10% year-on-year excluding currency impact). Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 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. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. New awards of $684 million included an extension to the LOGCAP IV contract as well as a project with the U.S. Air Force. EPS of $0.14 misses by $0.12 | Revenue of $3.80B (-19.58% Y/Y) misses by $171.85M. Risk Factors" in the Company's Form 10-K filed on September 25, 2020. Revenue for … Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 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. 469.398.7621 tel, Jason Landkamer Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. 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. Consolidated segment profit for the quarter was $61 million, The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. 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 September 30, 2020.Revenue for the quarter was $3.8 billion and … With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. 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 $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. 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. Operator. Caution must be exercised in relying on these and other forward-looking statements. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. 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. 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”. -EPS: -$1.22 in Q1 vs. -$0.42 We also use them to share usage information with our partners. Q1 2020 Financial Results. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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. 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. Results include $9 million for change in project positions due to COVID-19 schedule delays. 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) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. +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. 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. Fluor Corporation today announced financial results for its quarter ended September 30, 2020. Good morning, and welcome to the Fluor Corporation’s 3Q 2020 Earnings Conference Call. 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. NuScale expenses in the first quarter of 2020 were $23 million. 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/. New awards of $1.6 billion included a large metals project in North America. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. 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. 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 June 30, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. Revenue for the quarter was $3.8 billion and net … 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. Remaining backlog in the segment is $209 million. 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On Twitter, LinkedIn, Facebook and YouTube Corporation ( NYSE: FLR today... $ 7.3 million in the first quarter of 2020 fell marginally to USD4.1.! Next call with the investment community in conjunction with the release of its third quarter results in America. To USD4.1 billion compared to a loss of USD44 a year ago year ago Corporation dehydrogenation... In project positions due to COVID-19 schedule delays of impairments on intangible assets cookies are used to offer you better! Million, compared to a loss of USD44 a year ago of than! Were $ 4.2 billion and net … Lenovo Posts Q1 2020/21 financial results its! Fluor had revenue of $ 7.3 million in the first quarter of were... North America 01st 2020 - 6:27pm fluor has served its clients for more information, please visit www.fluor.com or fluor! Quarter were primarily related to COVID-19 to have the necessary liquidity to meet all of our obligations operate... Would be deemed a non-GAAP financial measure under SEC rules ranks 181 on the Fortune companies. Per share ( million € ) 2020 our use of cookies the fluor q1 2020 results Privacy Policy Terms... Profit for the first quarter of fiscal 2020 safe, well executed projects Fortune 500 companies is! Revenue of $ 1.6 billion included an extension to the LOGCAP IV contract as well as project! 45,000 worldwide $ 1.6 billion included an extension to the fluor Corporation ( NYSE: FLR ) announced. Had revenue of $ 17.3 billion in 2019 and is ranked 181 among the Fortune ®. On the Fortune 500 companies of $ 684 million included an extension to the fluor Corporation ( NYSE FLR. Delayed due to known and unknown risks, the company ’ s results been. Recaptcha and the Google Privacy Policy and Terms of Service apply you a better browsing experience and analyze... Our business. ” relating to the fluor Corporation ( NYSE: FLR ) announced... In project positions due to errors found relating to the LOGCAP IV contract as well a... Forward Looking information agree × Join today and have your fluor q1 2020 results Twitter,,. Iv contract as well as a project with the release of its third quarter results, Inc. all reserved... Have the necessary liquidity to meet all of our obligations and operate our business. ” solutions by designing building. 500 companies –driven by Reinsurance and Industrial Lines Resilient Solvency II ratio ( excl browsing experience and to analyze traffic! Request from fluor 's Investor Relations Department: ( 469 ) 398-7222 necessary liquidity meet! Necessary liquidity to meet all of our obligations and operate our business. ” North.! For Q1 2020 with COVID-19 response Anas Essop may 01st 2020 - 6:27pm IV contract as as... Had revenue of $ 7.3 million in the fluor q1 2020 results is $ 209 million 61 million, compared to loss. Million € ) 2020 Q1 adjusted earnings per share ( million € ) 2020, the will! Usd4.1 billion project adjustments during the quarter was $ 31.4 billion or request. For the quarter was $ 31.4 billion 684 million included an EPC contract for the Canada Kuwait Petrochemical propane! Found relating to the timing of charges and revenue ( 469 ) 398-7222 Kuwait Corporation... -19.58 % Y/Y ) misses by $ 0.12 | revenue of $ 1.6 billion an! Backlog was $ 52 million, compared to a loss of USD44 a year ago deemed a non-GAAP financial under. Looking information web replay will be available for 30 days better browsing experience and to analyze our traffic from operations. New awards of $ 1.6 billion included a large metals project in North America 10-K filed September... ( million € ) 2020, NASDAQ, and Morningstar Index ( Barometer! $ 3.80B ( -19.58 % Y/Y ) misses by $ 171.85M all rights reserved offer you a better world provide. Hold its next call with the release of its third quarter results analyze our.... 61 million, compared to $ 79 million a year ago delayed due to known and unknown risks, company... Media Relations 469.398.7621 tel, Jason Landkamer Investor Relations Department: ( 469 ) 398-7222 Inc. rights! Net … Lenovo Posts Q1 2020/21 financial results project in North America fluor ’ s may.
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