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The following discussion and analysis should be read in conjunction with our
financial statements and our 2020 10-K. Except as the context otherwise
requires, the terms Fluor or the Registrant, as used herein, are references to
Fluor and its predecessors and references to the company, we, us, or our, as
used herein, shall include Fluor, its consolidated subsidiaries and joint
ventures.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements made herein, including statements regarding our projected
revenue and earnings levels, cash flow and liquidity, new awards and backlog
levels and the implementation of strategic initiatives are forward-looking in
nature. Under the Private Securities Litigation Reform Act of 1995, a safe
Press release content from Business Wire. The AP news staff was not involved in its creation.
Fluor Reports First Quarter 2021 Results
May 7, 2021 GMT
IRVING, Texas (BUSINESS WIRE) May 7, 2021
Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2021. Revenue for the quarter was $2.9 billion and the net loss from continuing operations was $61 million, or $0.43 per diluted share. Earnings attributable to Fluor were negatively impacted by $68 million as a result of NuScale expenses and other adjustments (outlined in the table at the end of this release). Excluding these items, adjusted earnings per diluted share were $0.07. Consolidated segment profit for the quarter, which includes NuScale expenses, was $60 million compared to $55 million in the first quarter of 2020.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Fluor Reports Fourth Quarter and Full Year 2020 Results
February 26, 2021 GMT
IRVING, Texas (BUSINESS WIRE) Feb 26, 2021
Fluor Corporation (NYSE: FLR) today announced financial results for its year ended December 31, 2020. Results for 2020 were a net loss from continuing operations attributable to Fluor of $294 million, or $2.09 per diluted share, compared to a net loss from continuing operations attributable to Fluor of $1.5 billion, or $10.89 per diluted share in 2019. Consolidated segment profit for the year was $317 million compared to a loss of $186 million in 2019. Consolidated continuing operations for the year included non-cash impairments and charges of approximately $358 million to reflect the impact of weak commodity prices and COVID-19. Operating cash flow in 2020 was $186 million compared to $219 million in 2019.
Fluor Reports Third Quarter 2020 Results - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.
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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.