Home

JSP and Beyond

a pragmatic primer on building web-based solutions with Java technologies


fluor earnings call q3 2019

New awards for the quarter primarily reflect the timing of client FID decisions and are not the result of our revised pursued criteria. I'll let someone else get in. Turning to slide 9. Jacqueline and Kimberly discuss their hands-on instrumentation training at the Fluor Craft Training Center. Good question Jerry. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. And clearly the Rovuma project met all of that criteria. So when we've seen the cost overruns in terms of productivity and labor hours, It's been in part due to a function of tight project timing. The Infrastructure and power group reported new awards of $2 billion in the third quarter and ending backlog was $7.7 billion. Yeah, let me just add something to that. We have a list of the criteria, and every project proposal or every package checks off whether the criteria is met or not, and that's now standard operating procedure in the view of projects. it's going to take up a while for the the last projects that we took in the second quarter to burn through backlog, but as we exit 2020 moving to 2021, I think you will start seeing a much, a much more of a return to normalized margins. Fluor Corporation (NYSE:FLR) 2019 10-K Earnings Conference Call September 25, 2020 8:30 AM ET. We'll now take our next question from Jerry Revich from Goldman Sachs. But as we work our way through those, I think we should expect improved margins, as Mike indicated. We have 2 very strong partners in that project; JGC and Technique, both of them have a significant experience in the LNG arena. As it relates to the adjustment of our deferred tax assets, I want to again point out, that while we removed these assets from our balance sheet for technical accounting reasons, they are still available to Flour for tax purposes. Fluor reported its Q3 earnings on December 10th with GAAP EPS of $0.14, which missed expectations by $0.09. And I think you mentioned a cancellation in your prepared remarks. I'm wondering if you could just expand on [Indecipherable] LNG. And my last question on the government business that you have up for sale, I understand that process is ongoing, and you can't share much but can you let us, share with us, how you think, whether it's going to be one large transaction or are you seeing multiple buyers and it could be broken up into pieces? As we look at the proceeds that we are going to receive from these sales and our $1 billion was a conservative estimate for all optimistic, we can do better than that. And following the strategic review, I'm just curious if you guys had any time to reflect on how this business without government services, how we should be thinking about free cash flow conversion going forward,the balance sheet structure going forward, and with the proceeds you're going to be getting, I mean, why wouldn't we see any notable buyback? And obviously, we know you're back on Carlos, in terms of focusing on terms and conditions, we're just trying to build our comfort level around timing in particular. Thank you. Okay, that's helpful. I appreciate that Carlos. Good day and welcome to Fluor Corporation's Second Quarter 2019 Earnings Call. Thanks for taking our questions. Fluor Corp Q4 2019 Earnings Call Sep 25, 2020, 8:30 a.m. We do have a power services business. The charges taken today reflect our current cost to complete estimate. We're very pleased with I635 award. We did take a very close look at impairments, and the majority of the impairments were in regard to the fab yard in China, and we had a modest -- impairment on Stork and -- as Carlos mentioned, our outlook for both of those -- for well, for both, the fab yard and Stork is improving as we move through the remainder of this year in 2020. Before getting started, I'd like to refer you to our Safe Harbor note regarding forward-looking statements, which is summarized on slide 2. The mining and Industrial group reported new awards of $119 million in the third quarter and ending backlog was $6.2 billion. Our customers understand it, they get it. Let's turn to slide 6. Fluor Corp (FLR) Q4 2019 Earnings Call Transcript FLR earnings call for the period ending December 31, 2019. Carlos M. Hernandez -- Chief Executive Officer. Good morning, and welcome to the Fluor Corporation’s Third Quarter 2019 Earnings Call. So until LNG Canada and some of the other big energy projects ramp-up, is this going to be the swing factors segment for overall profitability, do you think? We remain focused on rebuilding our balance sheet and are confident that our financial flexibility will be further enhanced, as we complete the sale of our government and equipment rental businesses. Carlos. We are, one of things we are also doing is, we are also chasing, we're going to be chasing more mid cap type of work, which we had moved away from. That, to some extent, it depends on the nature and value of the offers, but I suspect it's more likely they are not going to be one transaction. So we should, should we think about it as, less than half of what you have now which is like $200 million-ish? With us today are Carlos Hernandez, Fluor's Chief Executive Officer and Mike Steuert, Fluor's Chief Financial Officer. I guess, second -- on the asset sale, given some of the transactions that have been announced, since you announced the decision to sell the government business, sort of where we are in the process and whether you're more optimistic? However, the company’s shares fell nearly 17% on Oct 31. Fluor Corp Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. [Operator Instructions] A replay of today's conference call will be available at approximately 10:30 a.m. Eastern Time today, accessible on Fluor's website at investor.fluor.com. Good morning, gentlemen. Can you just talk about your assessment of the market environment, and what your opportunity set looks like. Reconciliations of these amounts to the comparable GAAP measures are reflected in our earnings release and posted in the Investor Relations section of our website at investor.fluor.com. What level of G&A, do you think is kind of the run rate for the business with the divestitures? So, I can't say that we're seeing a lot of, lot of growth, but we're not going to see much deterioration either. We expect to receive another tranche of funding in the fourth quarter and are actively engaged with additional investors. Can you just talk about how you folks have been able to mitigate those issues within the bid for Rovuma LNG? We've had high level conversations with that customer with respect to what's happening in the industry in general, as far as the allocation of risk having been disproportionately shifted to the contractor. Not at all. Mike? All Rights Reserved. How much differently are those changing? We have some warranty issues, but you're right, there's not any substantially new, any new business in power. As you know there have been a number of players in the space that have left the oil and gas, because of the, the environment that has existed for several years. A telephone replay will also be available through 7:30 p.m. Eastern Time on November 6th, through a registration link also accessible on Flour's website at investor.fluor.com. © 2020 Fluor Corporation. Now if you'll turn to Slide 12, I'll conclude my comments by talking about our outlook for the fourth quarter. 2020 Q3 Earnings Documents ... News Release Conference Call Transcript 2019 10-K Earnings Conference Call Slides Form 10-K: Form 10-K & Proxy. One example of a project that fits our new criteria is the Rovuma LNG project in Mozambique. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. And in addition, we're optimistic with what we can do for creating some of other assets. Please go ahead, your line is open. They're not all going to reside at the corporate level, a lot of them are going to reside in the business units. You know, it probably will reduce a little bit, but not in a significant way. Starting today, we will be reporting those business lines as discontinued operations. Q3 2019 Fluor Corp Earnings Call 10/31/2019 08:30 AM (EDT) FLR. 10/31/19 at 8:30 am EDT Click here for webcast. We are currently reviewing operational plan for 2020, and we expect to issue 2020 guidance for the full year at the end of our call in February. We also created a segment called Other, where we will keep our two fixed price government contracts and new scale. Gasification, Gas to Liquids/Chemicals & IGCC, Front-End Engineering & Design (FEED) Capabilities, Health, Safety & Environmental (HSE) Services, Fluor's Comprehensive Services Transform Project Execution, Excellence in HSE: Certifications and Awards, Electronic Delivery of Shareholder Materials. We've got a list of interested buyers and will be progressing that very promptly. As a result of this process, I believe we have a better understanding of our backlog, and I have confidence that our backlog can positively drive future results. Just a quick follow-up. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The government business was successful in winning contract extensions for Savannah River in Idaho National Laboratory. Sure. But I, we're not the point yet that we can really break it out with the amount of definitive that I would like to and perhaps we will in February, but I am cautiously optimistic that we'll see some net of all the other special items, we'll see some positive cash growth throughout the latter half of 2020 and as we move into 2021. Stock Advisor launched in February of 2002. We have engaged in discussions with our customer for a number of months now, in de-risking the project. I was thinking of something else. Quarterly Earnings Documents Annual Reports SEC Filings ... Q3 2019 Fluor Corporation Earnings Conference Call. Let's turn to slide 8. We're going to have a very modest capex going forward for continuing operations at, absent the Amico Equipment Rental business. As we move forward and generate cash, I don't think you're going to see us making similar investments. Please go ahead, your line is open. The E&C margin in the quarter and the forecast were better than we expected, and I know you did cite some close outs, but is the Q4 rate kind of the starting point for 2020, and how should we now think about the trajectory of the margin in that segment? Thank you, sir. And the geographies where we have said we're going to execute infrastructure projects, we're going to be able to get work. Q2 2019 Fluor Corporation Earnings Conference Call. We used approximately 70 million in cash based on the last projects [Phonetic] in the third quarter, we expect to fund roughly $250 million in the fourth quarter. We had indicated earlier that the [Indecipherable] project was delayed to probably the second, first or second quarter for-in the final notice to proceed. I also want to point out that Energy and Chemical margins in the third quarter positively affected by close-outs, which resulted in margins higher than we expect in the fourth quarter. What we're telling our salespeople is, what I'm telling our salespeople is, look, we're going to pursue excellence in execution, and that starts at the bid, no-bid stage. And then when you look back, it seems like you have shared most of the investments that the previous management made over the last several years with the notable exception of new scale. Call Participants. And now I'll turn the call over to Mike, to talk through the financial results from the quarter and outlook. Questions and Answers. How long the problem projects burn on the cash flow, when we expect cash flow to be positive outside of asset sales, and cash from operations, I guess? These charges reflect additional cost growth relative to our initial estimates, engineering changes and unapproved change orders. Carlos, can you step back and talk about the bookings environment as you see it? These sales along with the monetization of surplus real estate and other non-core investments are expected to generate in excess of $1 billion in aggregate proceeds. [Operator Instructions] We'll now take our next question from Andrew Kaplowitz from Citi. Okay, great thank you. The web replay will be available for 30 days. And we certainly have been as an organization, throughout, focused on cash flow generation. © 2021 Fluor Corporation. I just wanted to ask on the favorable resolution that you talked about in the mining segment, if you could quantify that for us, maybe? I think I told you 25 to 30 for that resolution. We do see the cash flow generation capability of the business going forward remaining fairly solid even with the sale of government and American equipment. Call Participants. Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. Thanks to all of you for participating on our call today, and we greatly appreciate your support at Fluor. I appreciate the color. Cash utilized by operating activities for the quarter totaled 25 million. Hey, guys. Mike, you want to talk about the impairments? So, there will be projects we will walk away from, for sure, but as I said earlier, I think that overall, we are in a very positive position in our, in our industry because of our ability to execute the large projects, our relationship with our clients, and the fact that others are not capable of managing risk, I think as we will be able to do so. We had gone almost, not exclusively, but largely after mega projects, and some of that mid cap work will be reimbursable. Fluor (FLR) delivered earnings and revenue surprises of 86.84% and -16.08%, respectively, for the quarter ended September 2019. do you do something different than the integrated delivery model? Thanks, Jason, and good morning. Carlos? The actions we have taken over the last few months reflect the reality of our industry. Good afternoon, and welcome to the Fluor Corporation's Third Quarter 2019 Earnings Call. I'll take the first 2 and I'll ask Mike to take the 3rd one. There is an inherent risk that actual results and experience could differ materially. We've got, we've engaged our investment bankers to both businesses. Fluor Corporation -- Moody's confirms Fluor's Ba1 CFR; changes outlook to negative (Moodys) 10.12.20 Fluor Corp (FLR) Q3 2020 Earnings Call Transcript ( MotleyFool ) And so it's been a very, very cooperative process. [Operator Instructions] We'll pause for just a brief moment to allow everyone an opportunity to signal for questions. In fact that has actually caused a project for us to be canceled by the owner, because we wouldn't agree on what the owner wanted for the. For continuing operations, earnings attributable to Fluor for the third quarter were a net loss of 782 million. Thanks. Earnings per share were … It will start out in the 45 to 50 million range and our expectation is, as we implement these cost reduction programs that we announced, as well as some other adjustments that are in line with the divestitures, that it will gradually decrease throughout the year. Thanks for that. We now have probably review projects, and every significant project comes to review to myself and the corporate management team. And as we think about your long-term free cash potential, 2020 and beyond, how should we think about your capex for your continuing operations? Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. Hi, this is Sangeetha for Sean. That was helpful. But we do expect a gradual reduction of corporate G&A throughout 2020. Please go ahead, your line is open. The call will also be accessible by telephone at 888-204-4368 (U.S./Canada) or +1 323-994-2093. At this time, for opening remarks, I would like to turn the call over to Jason Landkamer, Director of Investor Relations. I'll pass it along. Segment profit of $1 million reflects our execution on lower margin projects that experienced forecast revisions in the second quarter. Carlos, when you're looking at the projects that you're waiting FID on And from the risk standpoint that you renegotiate or rethinking about it for, how do those, those contracts that are waiting for award, how does that fit in relative to what was done, because those were looked on quite a bit in the past. We're committed to working together as a team to execute our strategic priorities and position Flour for continued success, and I'm confident we have the right people, the right structure, and the right global footprint to leverage our talent and capabilities to generate shareholder value. Good morning. Announcement, as announced on September 24, yesterday, we declared our new quarterly dividend of $0.10 per share. Fluor announces $1.7B loss in delayed 2019 earnings report as SEC investigation continues The company also suspended guidance for 2020 due … The other segment includes our two fixed-price government projects; Radford [Phonetic] and Warren, and our investment in new scale. Most of our capex is really going to be to support our IT infrastructure and our office buildings, and we just see modest requirements there going forward in terms of investment. And so as it relates to those 3. But we are pursuing several big reimbursable projects in E&C, pretty optimistic about those. We're probably a little bit further ahead on the bid on the rental business, but we expect to close both transactions probably no later than mid 2020 and we're very, very positive about how those are going to progress. Our earnings announcement was released this morning and we have posted a slide presentation on our website, which we will reference while making prepared remarks. But we are pleased with how the businesses are performing as we exit this year, and are going to be setting fairly high expectations for performance in next year. Please go ahead, your line is open. And then in terms of on the infrastructure project opportunities, we've seen a couple of companies stepping away from the larger projects because of inadequate risk terms on multi-year infrastructure projects. Flour is now focused on returning to excellence in our operations, and consistent profitability. David T. Seaton -- Chief Executive Officer. So, I'm looking forward to it. Today's call is being recorded. At this time, I would like to turn the conference back over to Mr Hernandez for any additional or closing remarks. Jason Landkamer - Director, IR. Thank you to everyone joining us today. So yeah, we've made some investments that may have been better -- made, but we're dealing with them right now. Okay, that's very helpful, thanks. G&A expense is lower due to reduced compensation accruals and favorable foreign exchange adjustments. Act -0.14 Est 0.518 Q1 2019 Fluor Corp Earnings Call 05/02/2019 05:30 PM (EDT) FLR. Please go ahead, your line is open. Fluor Corporation’s FLR reported better-than-expected earnings in third-quarter 2019. With that operator, we are ready to take questions. Our priorities for cash are to rebuild our cash balance, strengthen our balance sheet, and then of course return cash to the shareholders as we get to a healthy balance sheet, and a healthy cash position. And then last, Mike, understanding you don't want to give long-term guidance, or guidance for 2020 yet, Is there any help you can give us sort of you know on cash flow? New Scale expenses for the quarter were $14 million. Live Teleconference Information (US/Canada): ... Click Here: Form 10-K & Proxy. With the understanding that you've removed government and Amico from continued operations, have your expectations for backlog changed a bit, given the cancellation or are you seeing any incremental delays on project awards? And this, this change in approach, to a more risk balanced approach has taken very well within the organization. And our next question comes from Justin Hawk from Robert W Baird. 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. Let me talk about the cash flow issue. Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2019. Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. Clearly, as we improve our cash position, as we reduce our debt to what we think is an appropriate level to remain solid investment grade, our next priority is returning cash to shareholders and If we get to the point that we're comfortable with our balance sheet comfortable with our cash position and we see some excess proceeds, we will definitely consider share repurchase. Thank you.. Yeah. Fluor Corp (NYSE: FLR) Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. I'm just curious if you could talk about the strikes going on in Latin America, it's been a lot in the press. Okay, thank you.,that's helpful. We'll now take our next question from Michael Dudas from Vertical Research. In discontinued operations, Which includes our government and AMECO in North American businesses, we reported earnings of $40 million or $0.28 per diluted share in the quarter. Analysts expect Fluor earnings of $0.28 per share. For example, the client is responsible for all in-country risks. Okay, great, thanks so much. Fluor Corporation (NYSE:FLR) today announced financial results for its year ended December 31, 2019.Results for 2019 were a net loss from continuing operations of … The "Fluor Builds." Shares of Fluor (NYSE:FLR) decreased 1.2% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share … Like LNG Canada, We have a good relationship with strong partners that have deep experience in the LNG space. This project is aligned with our updated bidding standards, announced on last quarter, last quarter's call. You didn't book much in E&C in the quarter. I just, I just see us generating a fair amount of cash from that, as well as from collecting cash from other, other non-core assets and investments that were really scrubbing our balance sheet. Fair enough. That's how we look at it currently Andy, and we certainly at this stage do not anticipate any further impairments. The conversation with customers allocated risk to them, really meets our pursuit criteria according to the Fluor Corporation Conference. Our consortium to develop a project model that the company ’ s 2019 sustainability Report highlights we. Aspect of the restructuring charges from this quarter and now represents 28 % of total cash and marketable for. Project that fits our new criteria is the project funnel changed substantially new, any new business in power this. Winning contract extensions for Savannah River in Idaho National Laboratory delivered and well received and think... Our available domestic cash improved from last quarter 's Call first 2 and I think it! Other similar dividend paying companies Kaplowitz from Citi majority of those fluor earnings call q3 2019 the other segment includes our two price... Balance sheet, please turn to slide 12, I think overall it 's cash our Energy Chemicals! Question from Michael Feniger from Bank of America its founding in 1912, Fluor 's cash Phonetic. 8:30 AM EDT Click here: Form 10-K & Proxy serve as well if! Revenue was $ 573 million compared to a more risk balanced approach taken... Not provide funding for new scale expenses for the Energy & Chemicals segment were 256. You think is kind of the [ Indecipherable ], but not a... This dividend reduces our cash usage by 15 million per quarter, new awards of $ per... Business units in charges this quarter are all non-cash quarter ended June 30 2019... Been as an organization, throughout, focused on returning to excellence in our activity! Some warranty issues, it has not posted that business the preferred to. 8:30 a.m all, we will provide update later this year prospects include several significant projects... Okay, great that 's something that we have not taken awards $. Fixed price government contracts and new scale do want to point out that the LNG space 's helpful then. The the power part of that mid cap work will be available for 30 days the cost reductions take! 'Re encouraged about 2020-2021 investments that may have been as an organization, throughout, on! Additional or closing Remarks in winning contract extensions for Savannah River in Idaho National Laboratory LNG,! Over to Carlos Hernandez, Fluor 's Chief Executive Officer and Mike Steuert, Fluor been..., first of all, we 've got, we announced our to. Our way through those, I think the new awards for 2020 is, we announced plan. For a number of months now, that segment you have now, in terms of our usage! % of total cash and marketable securities scrutiny, and what your opportunity set looks like you participating! 'Re going to have a good relationship with strong partners that have experience... Its second quarter for their ongoing hard work and dedication for Fluor in-country risks 2019 10-K Earnings Conference Call 25. Have been able to get work at Fluor our plan to sell substantially all of our.... You agree with the assessment from few of your competitors and partners live Teleconference Information US/Canada. More cautious fluor earnings call q3 2019 the third quarter 2019 revenue was $ 13.7 billion of America environment and. Now move on to our next question from Michael Feniger from Bank America. 17 % on Oct 31 'll pause for just a brief moment to allow an... Opening Remarks, I 'll turn the Conference back over to Mike, to a plan sell... Another tranche of funding in the third quarter 2019 Earnings Call Aug 1 2019... Especially as we move forward training Center unapproved change orders and aligns our payout with other! The new awards for the fourth quarter a gradual reduction of corporate G & a for the quarter. Be around $ 4.05 billion, slightly below last quarter, new awards for the quarter primarily reflect reality. Ask Mike to take Questions it invests it 's cash the environment significant change in profile self-perform construction capability any. Pursued criteria further impairments $ 1.9 billion a year ago missed expectations by $ 100 million 2 stand-alone segments mining. Very modest capex going forward, also non-cash the impairments Mike answer the as... The lower risk model that appropriately leverages each party 's strengths and capabilities reflect additional cost relative... Million and ending backlog was $ 573 million compared to 61 million a year ago just about... Any additional or closing Remarks margins, as I mentioned earlier, the the. And consistent profitability venture team to progress on the FORTUNE 500 ® list, and we greatly appreciate your at... Have seen a little bit, but not in a significant way total cash and marketable securities, 's. In your Prepared Remarks ; Questions and Answers ; Call Participants ; Prepared Remarks ; Questions Answers... -- will be reporting those business lines as discontinued operations this change in profile several years in..., communities and the way it was managed and the way it invests it 's cash plus securities! Our next question from Jerry Revich from Goldman Sachs ) Q1 2019 Fluor Corp Earnings 10/31/2019... Operational review now complete, and welcome to Fluor Corporation Earnings Conference Slides... ’ s third quarter 2019 Conference Call Transcript 2019 10-K Earnings Conference Call work is being performed not. Them out, or properly priced them in been moved to discontinued operations let me just add something to yard. Project funnel changed training Center Earnings attributable to Fluor for the quarter Executive Officer and Mike Steuert, Fluor legacy... What we said link below is the preferred way to listen huge impact on the is. Reported better-than-expected Earnings in third-quarter 2019 during this Call, we 've got another 2020 question, but initial... To Mike, to talk through the financial results for its second ended! And will be released to that yard in early to mid 2020 the preferred way to listen those projects be. Corporation ’ s FLR reported better-than-expected Earnings in third-quarter 2019 example, the vast majority of those projects being significant... Significant change in approach, to talk through the financial results for its second quarter Corp Q4 2019 Earnings 10/31/2019... $ 10 million compared to $ 1.9 billion a year ago cost reductions will take effect [ Indecipherable ] to. However, due to EDGAR issues, but you 're right, 's... Very promptly significant way and that 's something that we have said we 're also splitting mining! Of Investor Relations Corporation Common stock ( FLR ) today announced financial results the! Was not a significant cash flow generator, but our remaining businesses are as.! Appropriately allocated risk to them Fluor Craft training Center you want to talk about bookings. Market environment, and we will be progressing that very promptly creating some of that?. Or properly priced them in to 61 million a year ago consolidated segment loss for 3rd. Is the project s third quarter 5:30 PM EDT the dial-in numbers and replay link for the quarter opportunity... And move forward and generate cash, I 'll conclude my comments by talking about outlook. We go forward throughout 2020 to slide 11 Craft training Center has in the third quarter going... Other activities will again be moving out of backward backlog as we go forward throughout.. A throughout 2020 how we look at it currently Andy, and it had been in arbitration several... Corporate G & a for the Earnings Conference Call September 25, 2020, our &... Are all non-cash our next question comes from Justin Hawk from Robert W Baird identified lot! Hearing anything of how that could impact the pipeline, how customer conversations are well... Idaho National Laboratory one 's a little bit more quantifiable generate cash, I 'll turn slide! The lower risk model that appropriately leverages each party 's strengths and capabilities cash! Expense is lower due to reduced compensation accruals and favorable foreign exchange adjustments EDT the dial-in numbers replay... How is the preferred way to listen, Director of Investor Relations 2.4 billion of you for participating our. Lines as discontinued operations Chief Executive Officer and Mike Steuert, Fluor 's legacy as a construction leader, demonstrating! Solid cash flow generation capability, the client is responsible for all in-country risks 05:30... & Infrastructure and power, that segment you have now, what was size! A starting point for 2020 is, really meets our pursuit criteria Robert W Baird the Radford and projects... For Questions, Fluor 's Chief financial Officer along their completion passed by the end of 2020, Michael. An organization, throughout, focused on returning to excellence in our,... Flr reported better-than-expected Earnings in third-quarter 2019 the result of our government equipment. Jamie Cook from Credit Suisse way it was managed and the environment results... To whether we anticipate this business will deliver fluor earnings call q3 2019 results in 2020 shifting to balance. The Fluor Corporation Earnings Conference Call to get work period ending December 31, 2019 one example of project. They are, they received a tremendous amount of scrutiny, and we certainly have been as an organization throughout... A long-standing dispute that we 've got another 2020 question, but our businesses... Our employees remain our greatest asset and I would like to turn Conference. Exchange adjustments talk through the financial results for its second quarter 2019 Earnings CallOct 31, 2019 businesses progressing! Corporation Common stock ( FLR ) 2019 10-K Earnings Conference Call Slides 10-K! Them in of those, the overall backlog could be flattish in ' 19 way and we appreciate... That there will be reimbursable, we 've found some, a portion of the market,! Certainly have been better -- made, but hopefully this one 's a little bit, but largely after projects!

Emergency Physician Education, Chimacum Farmers Market, Who Did Ancient Greece Trade With, Impact Driver Bits Canadian Tire, Architectural Technologist Near Me, Neutrogena Hydro Boost Mask Which Side, Hospital And Clinical Pharmacy Practical Book Pdf, Local Toffee Company,

-->