Fluor Reports Full Year 2019 Results Wednesday, 23 September 2020 investor.fluor. Thanks for that question, Andy. Thank you, operator, and welcome to Fluor’s third quarter 2020 conference call. And now, I’ll turn the call over to Joe to provide a financial update. But again, to Alan's comment, I don't want to get out in front of Mr. Constable's strategy meetings, but as we go through the strategy, we'll probably have a review of what that cash balance needs to be to support the organization and the brick and mortar footprint and some of the other things that will be a fallout of what the new strategy is moving forward. Okay, thanks. There are number of projects in mining and have been for the last several months. Contact; Login; Join; US; Earnings Transcripts. I'll take the question. Number one, Carlos mentioned the NRC approval, that's clearly one of the biggest ones. Moving to Slide 2. Today's conference is being recorded. I'll now turn the call over to Carlos Hernandez, Fluor's Chief Executive Officer. In our advanced technologies and life sciences business, we completed the Novo Nordisk project in North Carolina in the third quarter. Yeah. I don't have the percentages. And that’s going to be a very important part of the going forward strategy. In May, the … Cumulative Growth of a $10,000 Investment in Stock Advisor, Fluor Corp (FLR) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $FLR, 3 Big Reasons Fluor Stock Jumped 52.2% in November, Why Shares of Construction and Materials Companies Are Falling Today, Why Fluor Stock Jumped 28.8% in October and Is Rallying Further, 5 No-Brainer Stocks to Buy if Joe Biden Wins in November, Copyright, Trademark and Patent Information. We're very pleased with the execution of all of our projects given what we took over in May of '19. I don't know if this is a little bit more than normal course with what you guys are speeding, because I guess I'm just trying to reconcile the really impressive last two quarters of no big charges yet the outlook based on the pandemic is impacting staffing and execution. Up in Kitimat, progress continues to be made on the LNGC, LNG Canada project, despite ongoing challenges presented by the government imposed restrictions due to the COVID-19 pandemic. So I think If you take in my opening comments and try to think — if you take the $68 million and you take the FX impact out of it, you take the investigative costs out of that, you’re down at about $30 million number. I don’t want to have to scoop David Constable here. That was certainly not an easy task here. Fluor Corp (NYSE: FLR) Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. Our overall segment profit margin of 3.4% for the quarter is evidence of the work we have done over the last 18 months to stabilize the business. Edited earnings call transcripts of Fluor Corporation (FLR) stock. And a follow-up, Carlos. As we think about 2021, we will be starting from a lower backlog as we have worked down our existing backlog with much lower awards replacing them this year. And just a point of clarification, it's not just the force majeure plan, it's something we call change of law because many of the impacts are the result of government directed lockdown. Thanks. About This Report Abstract: Edited Transcript of FLR earnings conference call or presentation 4-May-17 9:30pm GMT Brief Excerpt:...Operator Good afternoon, ladies and gentlemen, and welcome to the Fluor Corporation's … It sounds like your customers are not necessarily waiting for any strategy, but could you just talk a little bit more about what really is the thinking and driver of the project deferrals? We’ll take our next question from Jamie Cook with Credit Suisse. So it's both of those decisions that give us the basis for resolution. Although we did see increased project execution activity on our LNG project, the effects of COVID and normal project adjustments were reflected in Q1 because of our delayed reporting schedule this year. The revised pursuit criteria that Carlos enacted has significantly reduced the risk in our backlog and has allowed our sales team to focus on high-quality projects where we can be profitable and successful. But -- so, I'm going to be very general. We believe that's a reasonable expectation. Water trials have been successful and the project has made substantial progress in turning over subsystems to the client. I'll now ask you to move to slide 12, and I'd like to start this morning by saying a few words about Carlos Hernandez. Got it. And then some of the new work like Oak Hill that we just booked into, we'll start to kind of balance that out as we move forward. Questions and Answers. Fluor slips after Q3 miss; says current with all financial filings SA Breaking News 12/10 08:26 ET. We'll take our next question from Michael Dudas with Vertical Research. We expect to see margins increase as we wrap up these projects and are working through a healthier backlog. Call Participants. So just to follow-up on Jamie’s question about the project deferrals and activities. Given the ongoing pandemic and the commodity price fluctuations, we have seen a lot of the large mining projects we were expecting to be awarded in 2020 and 2021 get delayed. So I can’t tell you the magnitude, but I can tell you that it’s obviously a recognized cost and schedule impact that we’re working with the clients to address in an equitable way. But we’re engaged in some discussions right now with clients to resolve them to this point and then reserve the right to further negotiate down the road additional impacts. Fluor Corp (FLR) Q3 2020 Earnings Call Transcript The Motley Fool. Thank you, Joe. Edited earnings call transcripts of Fluor Corporation (FLR) stock Fluor last issued its earnings data on December 10th, 2020. I know that some of you remember David when he was last with the company. Ongoing COVID impact and travel restrictions in China are hampering the progress, but mitigation actions are being taken. The public is invited to listen to the conference call on Friday, September 25, 2020, at 8:30 a.m. Eastern time with Executive Chairman Alan Boeckmann, Chief Executive Yeah. 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. Thus, looking at the business line from a year-to-date perspective provides a better picture of our performance in that segment. It's interesting that NuScale really got its boost and started moving forward under the Obama administration with Secretary Moniz as the Head of DOE. In the third quarter, we sold substantially all of our assets of our AMECO JAMECO business for $18 million net of working capital and recognized a loss of $1 million. But I do think it's going to be -- I think it is exciting, the opportunities that we have in front of us. But — so, I’m going to be very general. The changes we made in this company were necessary to set us up for the next chapter. I'll take the first one. But I do think it’s going to be — I think it is exciting, the opportunities that we have in front of us. Questions and Answers. The banking giant reported a 13% growth in Q4 revenue to $4.48 billion, surpassing the, © 2020 AlphaStreet Inc. All Rights Reserved, DAL Earnings: All you need to know about Delta Air Lines Q4 2020 earnings results, Aphria Inc. (APHA) reports Q2 2021 Earnings. And I think you're right, Jamie, if you eliminate those non-recurring issues, you're probably closer to the upper range of that 3% to 5%. Fluor Corp (NYSE: FLR) Q3 2020 Earnings Call Dec 10, 2020, 8:30 a.m. Questions and Answers Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Yeah. The company will report its earnings for Q3 2020 on 12/10/2020. The module offloading facility, all roads and bridges required to transfer the modules to site will be ready in advance of receiving the first module in 2021. We’re burning some of that backlog, obviously, we’re not replacing the entire backlog. And we have some opportunities I think to address the market that are coming forward and where we have strength that hadn’t necessarily put the focus on them in the past. Hi. And the changes he put in place have quickly filtered across the Company. FLR If we just took the third quarter face value and adjust it for tax and G&A, it implies like a $0.50 number. And then just... One more point on that, Steven. Furthermore, we continue to have extensive and ongoing communications with our banking community. We've had improvement in execution as it relates to those problem projects. So the project side is starting to look good, but also we’re having very serious discussions with investors. How much is economic uncertainty, things like that? We are just significantly closer to the North American sale than we are the South American sale, but still slated for first half of '21 for North America. And again, we've mentioned -- we mentioned mining. Fluor Corp (FLR) Q3 2020 Earnings Call Transcript The Motley Fool. So -- and they represent the lion's share of that balance. Got it. So the project side is starting to look good, but also we're having very serious discussions with investors. August 2, 2019, 8:23 a.m. Our overall segment profit margin of 3.4% for the quarter is evidence of the work we have done over the last 18 months to stabilize the business. 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 ) Conference Call Transcript The following Fluor conference call took place on July 30, 2015, 05:30 PM ET. However, we continue to hear from a number of our oil and gas clients that they expect to have reduced capital spending plans over the next few years. Results for the segment also benefited from favorable FX. But I just wanted to understand how much of that zero margin work sort of rolls off and becomes a margin tailwind into 2021? Its revenue for the quarter was down 17.8% compared to the same quarter last year. Any reproduction, redistribution or retransmission is expressly prohibited. How big of an opportunity is it to rightsize the cost structure and rightsize the footprint? This transcript is provided as is without express or implied warranties of any kind. And he is looking forward to reconnecting and with the rest of the investment community soon. During today’s presentation, we will be making forward-looking statements, which reflect our current analysis of existing trends and information. Yeah. And Carlos, congratulations on really stabilizing the business and the financials. Today's conference is being recorded. I’ll start with a financial update on Slide 9. To date, impacts from COVID have been relatively modest and schedule impacts have been effectively mitigated. The revised pursuit criteria that Carlos enacted has significantly reduced the risk in our backlog and has allowed our sales team to focus on high-quality projects where we can be profitable and successful. Call Participants. And we are in the premier position to execute those projects. I don’t have the percentages. The majority of our projects have continued to safely and successfully progress in the field, and the projects we identified as problem projects last year have been holding to their revised cost forecast and schedule. Akcie a burzové trhy: grafy akcií, akciový screener, insider trading, správy z finančných trhov, analýzy, akciové portfólia a kryptomeny. de C.V. February 24, 2017 at 11:00 a.m. Eastern regions of our operations. Jamie, with respect to your other question, your second question, we have been talking to customers really all along during this pandemic. Fluor EPS misses by $0.09, misses on revenue SA Breaking News 12/10 06:54 ET-- Earnings Flash … The company reported a GAAP net loss of $755 million, Aphria Inc. (NYSE: APHA) reported second-quarter 2021 earnings results on Thursday. Well, in Energy & Chemicals, we didn't specifically mention this today, I just want to mention now. It’s great to be talking with all of you again, and I’m pleased to report back with this morning’s 10-Q filing.