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No material project execution charges in the first three quarters of 2020
Company now current with all financial filings and debt requirements
COVID-19 continues to delay new awards as clients defer capital investments
Fluor Corporation (NYSE:FLR) today announced financial results for its quarter ended September 30, 2020. 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 $129 million compared to $79 million a year ago. Operating cash flow in the quarter was $80 million.
New awards for the third quarter were $1.7 billion and ending backlog was $27.8 billion. Corporate general and administrative expenses for the quarter were $68 million which included foreign currency transaction losses of $30 million and investigation expenses of $19 million in the quarter.
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