With us today are Alan Boeckmann, Fluor's Executive Chairman; Carlos Hernandez, Fluor's Chief Executive Officer; and Mike Steuert, Fluor's Chief Financial Officer. Shifting to the balance sheet. Fluor Corporation (NYSE:FLR) Q2 2019 Earnings Conference Call August 1, 2019 5:30 PM ET. I think we need to go through a strategic review and go through our fall assessment of 2020 and get more comfortable as we complete this year to be given -- giving guidance as a starting point for looking at next year. Moving to the underlying cost profile of our businesses. Good afternoon and good evening everyone. For this commercial client, Fluor is providing EPC services for several new structures on an existing site. Do you still believe that we're in a project upsell? So while our backlog will probably increase a little bit in terms of lump-sum, it will be lump-sum that we feel comfortable with. Just with regard to your analysis LNG Canada meeting kind of like your requirements, is that predicated on owning -- or the equity ownership in your fab yard? And we'll take our next question from Jerry Revich with Goldman Sachs. Jason Landkamer – Director-Investor Relations. You can find a discussion of our risk factors, which could potentially contribute to such differences in the company's Form 10-Q filed earlier today and our 10-K filed on February 21. Michael Dudas -- Vertical Research -- Analyst. I mean are we looking here at $700 million, $800 million of cash burn as we move into 2020? Today's call is being recorded. We will only bid on projects where Fluor executed the FEED package or otherwise was allowed to perform sufficient due diligence. For example, right now, we have a backlog of $35 billion. But the rest of the business, we should expect a modest improvement in margins this year, and that will continue into 2020 as we seek the rest of the business move through the backlog and get burned. Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its 2019 10-K for the period ended December 31, 2019. We do expect modest negative cash outflow this year as a result of project charges, but we will also be seeing some inflow from our ongoing operations. Now I'll turn the call over to Alan Boeckmann, Fluor's Executive Chairman. And we have established -- we're establishing a new discipline in this regard. And those were reestimated on that basis. And one of the first places they did that was with their suppliers and contractors. And then secondly, with your new risk framework, like how does your prospect list change? And on the cost growth side, we will probably see cash outflow. However, there are a couple of cost estimates we can guide to. But that's our last option. As a subcontractor on this project, we continue to work with the prime contractor to resolve these matters. But we do have to be disciplined. Fluor Corp (NYSE:FLR)Q2 2019 Earnings CallAug 1, 2019, 5:30 p.m. I'd like to turn the call back over to Mr. Hernandez for any additional or closing remarks. On a positive note, we won a reimbursable EPFC contract for a refinery expansion project in the United Kingdom. Obviously, resolving disagreements between sale, but could you give us more color into how you looked at your contracts differently? But we have -- at this point, we are very comfortable with where we are based on the information we have now. As far as contract, we have a number, and as it is common in every project, of change orders on various projects. Please go ahead. ET. Although this project has taken -- was taken into backlog at the end of 2018, we have completed additional reviews and can confirm that LNG Canada conforms to the revised risk criteria we announced today. Now given recent project losses, we also engaged in a review of our balance sheet, our cash flow and liquidity. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. And how much is still profitable? Download, follow and add "Fluor Corporation" earnings calls to your podcast at EarningsCast. For example, where almost all the work is reimbursable. During third-quarter 2019, Fluor management planned to divest the company’s government and AMECO equipment businesses. We're not in a position of any announcement right now. Further, the first significant tranche of our long-term debt does not mature until 2023. So really kind of wondering how all this affects 2020. I'm sure that doesn't surprise you. Let me just comment on the several events that took place this quarter that resulted in the charge. Cumulative Growth of a $10,000 Investment in Stock Advisor, Fluor Corp (FLR) Q2 2019 Earnings Call Transcript @themotleyfool #stocks $FLR, Fluor Corp (FLR) Q3 2020 Earnings Call Transcript, 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, Copyright, Trademark and Patent Information. Next, I want to talk about our COOEC joint venture fabrication yard. Some other -- or something else being driven by this? An example of our presentation on our risk profile example, where do still! Formed a risk committee, led by Jim Hackett to actually be in. Restructuring will be progressing engineering, procurement, fabrication, construction and maintenance portfolio, 're... That project has -- would pass our new awards outlook for E & C this year in,! 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