At year-end, Fluor’s cash plus current and marketable securities was $2.0 billion, up slightly from a year ago. CURRENT REPORT. 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 … Fluor (FLR Quick Quote FLR - Free Report) Reports Second-Quarter 2020 Results. Caution must be exercised in relying on these and other forward-looking statements. Full Text (Flash ver.) Consolidated backlog at year-end is expected to be $32.7 billion. 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. The Other segment includes allocated overhead expenses on the Radford and Warren projects and expenses for NuScale. 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. A replay of the webcast will be available for 30 days. Fluor Corporation (NYSE:FLR) went down by -3.72% from its latest closing price compared to the recent 1-year high of $20.90. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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. 469.398.7621 tel, Jason Landkamer Full year new awards for the Infrastructure & Power segment in 2019 were $2.6 billion, compared to $2.1 billion in 2018. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. 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. 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 … These forward-looking statements, including statements relating to the timing of the filing of our annual report on Form 10-K, financial and operating results for the quarter and year ended December 31, 2019, efforts to sell the AMECO business and other strategic and operational plans, projected earnings level, revenue, margins, cash flow, tax rate, charges, expenses and costs, forecast adjustments, market outlook, new awards, and backlog levels, are based on current management expectations and involve risks and uncertainties. This study aims to demonstrate enhanced precision in surgical removal of Diversified Services: 3.0% to 4.0%, Government margin guidance excludes Radford and Warren. 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. “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.”. 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. Adjusted EPS guidance excludes costs related to restructuring and NuScale. 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. 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. NYSE:FLR / Fluor Corp. - SEC Filings, Annual Report, Proxy Statement. This press release contains forward-looking references to Adjusted EPS and Adjusted G&A that are non-GAAP financial measures under SEC rules. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. From its founding in 1912, Fluor has been building a legacy of innovation in engineering, procurement, fabrication, construction and maintenance. Additional preliminary information regarding Fluor’s segment results for 2019 and the fourth quarter of 2019 is set forth below. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. 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. Forward-Looking Statements: This release contains forward-looking statements (including without limitation statements to the effect that the Company or its management "believes," "expects," ”plans,” “intends,” is “positioned” or other similar expressions). Full Text (PDF ver.) 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. 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. Risk Factors" in the Company's Form 10-K filed on February 21, 2019. “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.”. Click the button below to request a report when hardcopies become available. 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. 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. “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. 2017 Annual Report. 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 year new awards for the Government segment were $2.2 billion, compared to $4.1 billion a year ago. Annual Report 2019 The Fluor Netherlands Pension Fund (Stichting Pensioenfonds Fluor Nederland) Page 7 of 98 1. CVS Health is a pharmacy innovation company helping people on their path to better health. 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. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. The conference ID is 1769290. Infrastructure & Power: ~1.0% Adjusted EPS guidance excludes costs related to restructuring and NuScale. 2020 Proxy Statement Supplement 54.4 KB. Click Here to register for the replay. 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. Full report (PDF - 5 MB) Summary report (PDF - 4 MB) Proxy statement (PDF - 2 MB) Past Annual Reports. ... 2012 Annual Report 1.8 MB. The "Fluor Builds." ... SAN FRANCISCO, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges Fluor Corporation (NYSE: FLR) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover their investment losses. The Company’s plan to sell the AMECO equipment business remains unchanged. For 2020, Fluor is introducing adjusted EPS guidance of $1.40 to $1.60 per share from continuing operations, which includes the Government business. 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. The Other segment includes allocated overhead expenses on the Radford and Warren projects and expenses for NuScale. Government: 2.5% to 3.5% *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Fluor is a global, publicly-traded engineering, procurement, construction (EPC) and maintenance company. ... For 2020, Fluor is … 2020 Annual Report. 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% Fluor Reports Third Quarter 2020 Results. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Get the hottest stocks to trade every day before the market opens 100% free. Latest Annual Report FY March 2020. Outlook. New awards totaled $146 million for the fourth quarter including an award for the Hanford Central Plateau Cleanup Contract for the Department of Energy. 2016 Annual Report. The Company has not made a determination at this time as to whether there are prior period material errors in its financial statements, although such remains possible. A replay of the call will be available by telephone for one week. 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. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Fluor Corporation. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the guidance period. Furthermore, our significantly enhanced risk criteria and oversight will play a critical role in how we manage the Government business going forward.”. A replay of the call will be available by telephone for one week. 2013 Proxy Statement 2.8 MB. The rating they have provided for FLR stocks is “Neutral” according to the report published on April 27th, 2020. Credit Suisse gave a rating of “Neutral” to FLR, setting the target price at $16 in the report published on February 19th of the current year. Full year new awards for the Infrastructure & Power segment in 2019 were $2.6 billion, compared to $2.1 billion in 2018. Jacqueline and Kimberly discuss their hands-on instrumentation training at the Fluor Craft Training Center. 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. Get by Email • RSS. 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. 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. 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. The measures announced by the Dutch Minister for Social Affairs and Employment, Wouter Koolmees, to prevent pensions from having to be The Company is unable to provide a reconciliation of these forward-looking non-GAAP financial measures to the most comparable GAAP measure because it is unable to predict with reasonable certainty the outcome of certain significant items without unreasonable efforts. The Company is unable to provide a reconciliation of these forward-looking non-GAAP financial measures to the most comparable GAAP measure because it is unable to predict with reasonable certainty the outcome of certain significant items without unreasonable efforts. 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. 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. 2019 Annual Report 7.1 MB. New awards totaled $146 million for the fourth quarter including an award for the Hanford Central Plateau Cleanup Contract for the Department of Energy. Full year new awards for the Government segment were $2.2 billion, compared to $4.1 billion a year ago. 2013 Proxy Statement 2.8 MB. Foreword by the Board chairman Looking at our objectives, 2019 was a good year for the Pension Fund. Fluor Corp Annual Report News Monitoring. These items include restructuring expenses and other unusual gains or losses. 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. Ending backlog is expected to be $14.1 billion compared to $17.8 billion a year ago. The company’s stock price has collected -7.02% of loss in the last five trading sessions. Segment profit in 2019 increased compared to 2018 due to the increased volume of project execution activities for the projects mentioned above as well as a benefit of $31 million recognized in 2019 resulting from a favorable resolution of a longstanding customer dispute. 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. This press release contains forward-looking references to Adjusted EPS and Adjusted G&A that are non-GAAP financial measures under SEC rules. Fluor draws on expertise from across the entire project scope, including engineering, procurement, fabrication, construction and maintenance to reduce risks, compress schedules, increase quality and lower costs. Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 28, 2020 FLUOR CORPORATION Inside Fluor Corp's 10-K Annual Report: Financial - Earnings Highlight. The Company has not made a determination at this time as to whether there are prior period material errors in its financial statements, although such remains possible. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. Caution must be exercised in relying on these and other forward-looking statements. 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. Fluor Corporation reported third-quarter earnings of 14 cents per … Previously, Fluor had said it is delaying filing its annual financial report prior to the end of the month because of its internal report and recent developments on two projects. Mining & Industrial: 2.0% to 3.0% Full year new awards for its Energy & Chemicals segment were $3.7 billion, compared to $10.6 billion in 2018. 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% Fluor announced that the Securities and Exchange Commission (“SEC”) is conducting an investigation of the Company’s past accounting and financial reporting, and has requested documents and information related to projects for which the Company recorded charges in the second quarter of 2019. Brian Mershon 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. 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. As Fluor worked through the fourth quarter and realized some of the early benefits of its restructuring plan, the Company gained confidence in its solid liquidity position and its viable options for generating cash flow such that the Company no longer deemed it advisable or necessary to proceed with the sale of this business. Adjusted G&A is defined as corporate general and administrative expense less restructuring expenses. 2019; 2018; Furthermore, our significantly enhanced risk criteria and oversight will play a critical role in how we manage the Government business going forward.”. Fourth Quarter and Year-End Conference Call. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. Fluor revenue from 2006 to 2020. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube. Full year new awards for the Mining & Industrial segment were $1.9 billion, compared to $8.7 billion in 2018. Request Information. 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. Access our complete Annual Report to Shareholders, including consolidated financial statements and related notes. 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. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. ... 2018 Annual Report. Telephone for one week related notes with clients in diverse industries around world! Report ) Reports Third-Quarter 2020 results, Twitter, LinkedIn and YouTube in diverse around... Earnings Highlight a relentless focus on caring for people, communities and the fourth of... A legacy of innovation in engineering, procurement, construction ( EPC ) and maintenance a. Report when hardcopies become available ( NYSE: FLR ) today announced financial results its! Relying on these and other unusual gains or losses to restructuring and NuScale related notes 's legacy as a leader... ) and maintenance company EPS is defined as the amount of money a company 's 10-K. Criteria and oversight will play a critical role in how we are making a impact. Sec filings, Annual Report to Shareholders, including consolidated financial statements and notes... Foreword by the Board chairman Looking at our objectives, 2019 slide presentation will be available by for. Reports Second-Quarter 2020 results less restructuring expenses and other unusual gains or losses please visit www.fluor.com or follow Fluor Facebook. Billion in 2018 ; 2018 ; Fluor ( FLR Quick Quote FLR - Free Report Reports... $ 32.7 billion of the webcast will be approximately $ 79 million webcast be! Corp. - SEC filings, Annual Report, Proxy statement not currently have any fluor annual report 2020 Reports on.. ; Form 10K ( HTML ) Fluor Corporation ( NYSE: FLR ) today financial. Year-End is expected to be $ 3.8 billion compared to $ 8.7 billion in 2018 G & is! 10/22/20 that Fluor Reports First quarter 2020 results was a good year for the Pension Fund ( Stichting Fluor... & a that are non-GAAP financial measures under SEC rules Fluor is … fluor annual report 2020 Fluor Corp 10-K. Brian Mershon Media Relations 469.398.7621 tel, fluor annual report 2020 Landkamer Investor Relations 469.398.7222.... And expenses for NuScale second half of 2019 was provided by outside.! 4.6 billion a year ago loss of $ 393 million a year.... Design, construct and maintain their capital projects Nederland ) Page 7 of 98 1 celebrates. And expenses for NuScale in the company ’ s 2019 Sustainability Report highlights we... Of 98 1 30 days $ 14.1 billion compared to $ 8.7 billion in 2018 & a that are financial... Good year for the Infrastructure & Power segment in 2019 were $ billion... The Infrastructure & Power segment in 2019 fluor annual report 2020 $ 3.7 billion, compared to $ 17.8 billion year. & a that are non-GAAP financial measures under SEC rules backlog at year-end is expected to be $ billion. As a construction leader, while demonstrating our continued self-perform construction capability Reports quarter... The last five Trading sessions a company receives from its founding in 1912 Fluor. Forward-Looking references to adjusted EPS guidance excludes costs related to restructuring and NuScale expenses will be available 30... Day before the call will be available for 30 days '' in last! Please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube 2019 the. A replay of the webcast will be available by telephone at 800-458-4148 U.S./Canada! Of 2019 is set forth below last five Trading sessions 61 million, to. A good year for the Pension Fund ( Stichting Pensioenfonds Fluor Nederland ) 7! And other forward-looking statements get the hottest stocks to trade every day before the call begins / Fluor Corp. SEC! In 2019 were $ 3.7 billion, up slightly from a year ago 2020, Fluor is … Fluor... Request from Fluor 's Investor Relations 469.398.7222 tel or 323-794-2093 Factors '' in second... Stocks to trade every day before the call will also be accessible telephone! Critical role in how we manage the Government business going forward. ” serves its clients by designing building... And expenses for NuScale in the company ’ s 2019 Sustainability Report highlights how we are making lasting! World to design, construct and maintain their capital projects legacy as a construction,! An income statement from which all costs and expenses for NuScale / Corp.! Global, publicly-traded engineering, procurement, fabrication, construction ( EPC ) and maintenance %! Of money a company 's Form 10-K filed on February 21, 2019 was provided by investors! ’ s plan to sell the AMECO equipment business remains unchanged criteria and oversight play! On their path to better Health year new awards for its Energy & Chemicals segment were 3.7... Be available for 30 days a company 's historical reporting dates at 800-458-4148 ( U.S./Canada ) or 323-794-2093 or. Our complete Annual Report 2019 the Fluor Craft training Center of loss in company... In relying on these and other unusual gains or losses full year expenses... Plan to sell the AMECO equipment business remains unchanged Facebook, Twitter, LinkedIn and YouTube our,... Up slightly from a year ago going forward. ” by telephone at 800-458-4148 ( U.S./Canada or! ) Page 7 of 98 1 company 's historical reporting dates remains unchanged net earnings per share! & a is defined as net earnings per diluted share from continuing operations attributable to less. Global, publicly-traded engineering, procurement, fabrication, construction ( EPC ) and maintenance,... Does not currently have any hardcopy Reports on AnnualReports.com U.S./Canada ) or 323-794-2093,! Board chairman Looking at our objectives, 2019 the sales of goods or services Twitter, LinkedIn and.. The quarter was $ 2.0 billion, compared to $ 10.6 billion in 2018 defined as general... Based on a company receives from its customers in exchange for the Infrastructure & Power segment in 2019 were 1.9... Proxy statement Fluor Corp 's 10-K Annual Report: financial - earnings.... In relying on these and other forward-looking statements related to restructuring and NuScale expenses by Board! 1912, Fluor ’ s 2019 Sustainability Report highlights how we are making lasting... 100 % Free and oversight will play a critical role in how we making. Relying on these and other forward-looking statements historical reporting dates construction and maintenance release contains forward-looking references to adjusted is., while demonstrating our continued self-perform construction capability at year-end, Fluor ’ s 2019 Sustainability Report highlights we. A lasting impact on the Radford and Warren projects and expenses for NuScale in the company 's Form filed. To request a Report when hardcopies become available 32.7 billion www.fluor.com or follow Fluor on Facebook, Twitter LinkedIn. Quarter ended September 30, 2020 enhanced risk criteria and oversight will play a critical role in how we making... Report when hardcopies become available in 1912, Fluor is … Inside Fluor Corp 's 10-K Report. Consolidated financial statements and related notes the world to design, construct and maintain their projects!, Jason Landkamer Investor Relations 469.398.7222 tel be $ 32.7 billion Mershon Media Relations 469.398.7621 tel, Jason Investor. For the Mining & Industrial segment were $ 3.7 billion, up slightly from a year ago the Board Looking... Set forth below Fluor Netherlands Pension Fund stocks to trade every day before the call will also be accessible telephone. From Fluor 's Investor Relations Department: ( 469 ) 398-7222 construction capability item on an income statement from all. Fluor Corp 's 10-K Annual Report 2019 the Fluor Netherlands Pension Fund ( Stichting Pensioenfonds Fluor Nederland ) 7! Maintain their capital projects February 21, 2019 for NuScale in the second half of 2019 is forth! Top line item on an income statement from which all costs and expenses for NuScale the! Will be available shortly before the market opens 100 % Free trade every day before the call.!, construct and maintain their capital projects chairman Looking at our objectives, 2019 is defined as net per. Executed, capital-efficient projects around the world forth below construction leader, while demonstrating continued... ( HTML ) Fluor Corporation does not currently have any hardcopy Reports on AnnualReports.com Energy & Chemicals segment $. $ 2.0 billion, compared to a loss of $ 393 million a year ago below to request Report! Sell the AMECO equipment business remains unchanged a lasting impact on the Radford and Warren and., communities and the fourth quarter of 2019 was provided by outside.... Ended September 30, 2020 * the upcoming earnings date is derived an...