Mining & Industrial: 2.0% to 3.0% Consolidated backlog at year-end is expected to be $32.7 billion. “As we look ahead, driven by our talented workforce, we will continue to act with a sense of urgency to drive our business forward and deliver positive results to our clients and our shareholders.”. Print Page RSS Feeds Contact IR. The Company believes that Adjusted EPS and Adjusted G&A allow investors to evaluate the Company’s ongoing earnings and general and administrative expenses on a normalized basis and make meaningful period-over-period comparisons. 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. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 47,000 employees worldwide. Request Information. New awards totaled $146 million for the fourth quarter including an award for the Hanford Central Plateau Cleanup Contract for the Department of Energy. Most Recent Annual Report. New awards totaled $146 million for the fourth quarter including an award for the Hanford Central Plateau Cleanup Contract for the Department of Energy. Fluor is a global, publicly-traded engineering, procurement, construction (EPC) and maintenance company. Fourth Quarter and Year-End Conference Call. 2019; 2018; A supplemental slide presentation will be available shortly before the call begins. “In 2019 we started down the path of making tangible, actionable changes to our business strategy and structure to position Fluor for long-term success,” said Carlos Hernandez, Fluor chief executive officer. A replay of the webcast will be available for 30 days. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. In the course of responding to the SEC’s data requests and conducting our own internal review, the Company is reviewing its prior period reporting and related control environment. Full year financial results, when filed, are expected to include a non-cash charge of $668 million related to establishing a valuation allowance against net deferred-tax assets; non-cash impairments of $305 million; restructuring and other exit costs of $202 million, $84 million of which is non-cash; and non-cash expenses of $138 million related to the settlement of the U.K. pension plan. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Mr. Hernandez continued, “We are excited about retaining this important and attractive asset that provides us exposure to long term clients, with less-cyclical projects, cost-reimbursable contracts and high cash flow potential all drive our company-wide focus on having an appropriate mix of risk in our backlog. 2012 Form 10-K 1.8 MB. Funding for NuScale in the second half of 2019 was provided by outside investors. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. Actual results may differ materially as a result of a number of factors, including, among other things, the results of the review of prior period accounting on certain projects; developments in governmental investigations and/or inquiries; the use of estimates and assumptions in preparing our financial statements; 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; intense competition in the industries in which we operate; failure to obtain favorable results in existing or future litigation or 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, public health crises, political crises or other catastrophic events; client delays or defaults in making payments; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; failure to implement strategic and operational initiatives; risks or uncertainties associated with acquisitions, dispositions and investments; 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 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; possible limitations on bonding or letter of credit capacity; asset impairments; and risks arising from the inability to successfully integrate acquired businesses. Fluor (FLR Quick Quote FLR - Free Report) Reports Second-Quarter 2020 Results. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube. Fluor Corporation reported second-quarter net loss from continuing operations of … Fluor will host a conference call at 8:30 a.m. Eastern time on Tuesday, February 18th, which will be webcast live on the Internet and can be accessed by logging onto http://investor.fluor.com. ... 2012 Annual Report 1.8 MB. The call will also be accessible by telephone at 800-458-4148 (U.S./Canada) or 323-794-2093. Given the ongoing internal review and recent developments on two projects, the Company does not expect to complete and file its annual report on Form 10-K prior to the end of February. Due to the preliminary and unaudited nature of the financial information included in this release, the risks and uncertainties identified in this release, and the possibility for additional or unknown risks, the Company’s results may differ materially from its expectations and projections. For 2020, Fluor is introducing adjusted EPS guidance of $1.40 to $1.60 per share from continuing operations, which includes the Government business. 2020 Proxy Statement Supplement 54.4 KB. 2016 Annual Report. “As we look ahead, driven by our talented workforce, we will continue to act with a sense of urgency to drive our business forward and deliver positive results to our clients and our shareholders.”. Caution must be exercised in relying on these and other forward-looking statements. A replay of the webcast will be available for 30 days. Outlook. Full year new awards for the Diversified Services segment, including certain retained AMECO operations, were $2.2 billion, compared to $2.1 billion in 2018. A supplemental slide presentation will be available shortly before the call begins. Ending backlog is expected to be $14.1 billion compared to $17.8 billion a year ago. In the course of responding to the SEC’s data requests and conducting our own internal review, the Company is reviewing its prior period reporting and related control environment. Fluor (FLR Quick Quote FLR - Free Report) Reports Third-Quarter 2020 Results. PDF; Form 10K (HTML) Fluor Corporation does not currently have any hardcopy reports on AnnualReports.com. Published on Feb 25, 2020. The conference ID is 1769290. The Company does not expect to file its annual report on Form 10-K for the period ended December 31, 2019 prior to the end of February. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. A replay of the call will be available by telephone for one week. The company’s stock price has collected -7.02% of loss in the last five trading sessions. Full year new awards for its Energy & Chemicals segment were $3.7 billion, compared to $10.6 billion in 2018. For 2020, Fluor is introducing adjusted EPS guidance of $1.40 to $1.60 per share from continuing operations, which includes the Government business. Adjusted EPS guidance excludes costs related to restructuring and NuScale. Foreword by the Board chairman Looking at our objectives, 2019 was a good year for the Pension Fund. NYSE:FLR / Fluor Corp. - SEC Filings, Annual Report, Proxy Statement. Corporate G&A expense is expected to be $167 million, up from $118 million a year ago and primarily driven by foreign currency exchange losses as compared to foreign currency exchange gains a year ago. 2013 Proxy Statement 2.8 MB. This press release contains forward-looking references to Adjusted EPS and Adjusted G&A that are non-GAAP financial measures under SEC rules. Additionally, the Company is providing guidance on the following financial metrics for 2020: Excludes restructuring expenses and NuScale, Energy & Chemicals: 3.0% to 5.0% It is the Company’s intent to have made significant progress with one or more potential buyers by the end of the second quarter. Full year new awards for 2019 were $12.6 billion, consisting of $3.7 billion in Energy & Chemicals, $1.9 billion in Mining & Industrial, $2.6 billion in Infrastructure & Power, $2.2 billion in Government, and $2.2 billion in Diversified Services. Full Text (PDF ver.) In the fourth quarter, the segment booked new awards of $67 million and ending backlog for the segment is expected to be $6.9 billion compared to $6.3 billion a year ago. Last fall, as part of Fluor’s strategic review process to improve its financial position, the Company announced that it was initiating plans to sell substantially all of its Government business. Additional preliminary information regarding Fluor’s segment results for 2019 and the fourth quarter of 2019 is set forth below. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the guidance period. Fluor Corporation (NYSE:FLR) went down by -3.72% from its latest closing price compared to the recent 1-year high of $20.90. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube. Full year new awards for its Energy & Chemicals segment were $3.7 billion, compared to $10.6 billion in 2018. Investor Relations Consolidated backlog at year-end is expected to be $32.7 billion. Given the Company has not finalized and filed its full year financial results, the following information is preliminary and unaudited, and could be affected by subsequent events or determinations. Brian Mershon Full year new awards for the Mining & Industrial segment were $1.9 billion, compared to $8.7 billion in 2018. ANNUAL REPORT 2019, FluoGuide A/S 7 COMMENT FROM THE CEO The year 2019 began with preparation for FluoGuide’s IPO, which was successfully conducted in May, and which provided capital to plan for a clinical phase I/IIa proof-of-concept study for FG001 in 2020. 2020 Proxy Statement 17.7 MB. Given the Company has not finalized and filed its full year financial results, the following information is preliminary and unaudited, and could be affected by subsequent events or determinations. Risk Factors" in the Company's Form 10-K filed on February 21, 2019. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Full year financial results, when filed, are expected to include a non-cash charge of $668 million related to establishing a valuation allowance against net deferred-tax assets; non-cash impairments of $305 million; restructuring and other exit costs of $202 million, $84 million of which is non-cash; and non-cash expenses of $138 million related to the settlement of the U.K. pension plan. Jacqueline and Kimberly discuss their hands-on instrumentation training at the Fluor Craft Training Center. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 2012 Form 10-K 1.8 MB. Furthermore, our significantly enhanced risk criteria and oversight will play a critical role in how we manage the Government business going forward.”. The Company does not expect to file its annual report on Form 10-K for the period ended December 31, 2019 prior to the end of February. Full report (PDF - 5 MB) Summary report (PDF - 4 MB) Proxy statement (PDF - 2 MB) Past Annual Reports. Government: 2.5% to 3.5% CURRENT REPORT. Given the ongoing internal review and recent developments on two projects, the Company does not expect to complete and file its annual report on Form 10-K prior to the end of February. As a result, the Company has decided to retain the Government segment which will cease to be reported as a discontinued operation in the first quarter of 2020. Full year new awards for 2019 were $12.6 billion, consisting of $3.7 billion in Energy & Chemicals, $1.9 billion in Mining & Industrial, $2.6 billion in Infrastructure & Power, $2.2 billion in Government, and $2.2 billion in Diversified Services. Last fall, as part of Fluor’s strategic review process to improve its financial position, the Company announced that it was initiating plans to sell substantially all of its Government business. Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Ending backlog is expected to be $3.8 billion compared to $4.6 billion a year ago. In the fourth quarter, the segment booked new awards of $527 million and ending backlog is expected to be $5.4 billion compared to $8.9 billion a year ago. The Company is working diligently to complete its Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Form 10-K”), and while … 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. Inside Fluor Corp's 10-K Annual Report: Financial - Earnings Highlight. Full Text. Diversified Services: 3.0% to 4.0%, Government margin guidance excludes Radford and Warren. FLR Trading at … Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. These items include restructuring expenses and other unusual gains or losses. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 47,000 employees worldwide. 2018 Annual Report and Form 10K. Fluor takes on the toughest challenges in engineering, procurement, fabrication, construction and maintenance. 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