fluor q1 2020 results

Revenue for the quarter was $3.8 billion and Segment results include a $55 million reserve on receivables and contract assets for clients that were directly and materially affected by the impacts of COVID-19 and declining oil prices and $40 million for change in project positions due to COVID-19 schedule delays and associated cost growth. Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. IRVING, Texas-- (BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Lenovo Posts Q1 2020/21 Financial Results. Segment profit is calculated as revenue less cost of revenue and earnings attributable to noncontrolling interests excluding: corporate general and administrative expense; impairment, restructuring and other exit costs; interest expense; interest income; domestic and foreign income taxes; other non-operating income and expense items; and earnings from discontinued operations. Results include $2 million for change in project positions due to COVID-19 schedule delays. New awards related to projects located outside of the U.S. Backlog related to projects located outside of the U.S. Total segment profit (loss) is a non-GAAP financial measure. It’s FREE! This news release contains a discussion of consolidated segment profit from continuing operations that would be deemed a non-GAAP financial measure under SEC rules. IRVING, Texas -- (BUSINESS WIRE)--Nov. 12, 2020-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 2020 Adjusted EPS Guidance established at a range of $1.40 to $1.60 ; IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today disclosed preliminary select financial results for its fiscal year and fourth quarter ended December 31, 2019 and announced a delay in the submission of full year financial statements. The Other segment, which is comprised of NuScale and the Radford and Warren government projects, reported a loss of $22 million in the first quarter of 2020 compared to a loss of $26 million in the first quarter of 2019. While Fluor has suspended its guidance for 2020, the company expects to report second quarter results in approximately four weeks and third quarter results four weeks after that. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Results for the quarter reflect the impact to its operations due to a … Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Results for Q1 2020… Cautionary Statement on Forward Looking Information. Revenue for the quarter was $4.1 billion and net … 881. Summary of Non-Cash Impairments and Charges, $169 million goodwill in Diversified Services, $86 million equity method investments in Energy & Chemicals segment, $27 million intangible customer relationships in Diversified Services segment, $16 million impairment of information technology assets, Established reserve on receivables and contract assets for certain joint venture clients in Mexico impacted by declining oil prices in the Energy & Chemicals segment, Impairment of assets held-for-sale, $12 million of which relates to goodwill write down, “As we previously disclosed, these impairments reflect the unprecedented impact of COVID-19 and related pressure on commodity prices,” said Carlos Hernandez, Fluor chief executive officer. Revenue for the quarter was $3.8 billion and net earnings from … Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. The Mining & Industrial segment reported a segment profit of $39 million in the first quarter of 2020 compared to a profit of $28 million in the first quarter of 2019. Fluor Reports Second Quarter 2020 Results 11/12/20 IRVING, Texas -- (BUSINESS WIRE)--Nov. 12, 2020-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. These forward-looking statements, including statements relating to our expectations as to the filing of our quarterly reports on Form 10-Q, strategic and operation plans, and projected cash balances and liquidity are based on current management expectations and involve risks and uncertainties. +6.4%) –driven by Reinsurance and Industrial Lines Resilient Solvency II ratio (excl. The Other segment, which is comprised of NuScale and the Radford and Warren government projects, reported a loss of $22 million in the first quarter of 2020 compared to a loss of $26 million in the first quarter of 2019. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. Vattenfall Q1 Results 2020 Overview 1 Last 12-month values Result development Financial targets Customer sales (TWh) Electricity production (TWh) 5 SEK bn Q1 2020 Q1 2019Δ Net Sales 48.2 49.6 -3% EBITDA 16.9 12.6 +34% Underlying operating profit (EBIT) 10.2 9.7 +5% EBIT 12.3 8.2 +51% Profit for the period 6.9 6.4 +7% Q1 2020 Q1 Operating cash flow in the … Brian Mershon Q1 2020 Results, 7 May 2020 2020 Group net income outlook withdrawn on 21 April due to uncertain environment Group net income of EUR 223m (-5.1%) –Group RoE at 9.0%, above minimum target GWP grow by 6.4% (curr.-adj. Revenue for the quarter was $3.8 billion and net … 469.398.7222 tel, View source version on businesswire.com: https://www.businesswire.com/news/home/20201022005202/en/. New awards of $357 million in the quarter include a framework agreement awarded to a Stork joint venture for Neptune Energy’s Dutch assets in the North Sea. The Company does not expect to file its annual report on Form 10-K for the period ended … New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. Operator. News Release. New awards of $357 million in the quarter include a framework agreement awarded to a Stork joint venture for Neptune Energy’s Dutch assets in the North Sea. HONG KONG, August 13, 2020 – Lenovo Group announced Group revenue in the first quarter of US$13.3 billion, up almost 7% year-on-year (up 10% year-on-year excluding currency impact). Results include $9 million for change in project positions due to COVID-19 schedule delays. As of the end of August 2020, Fluor’s cash balance was $2.1 billion and the company expects the cash balance to be approximately in that range through the end of the year. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. We believe that total segment profit (loss) provides a meaningful perspective on our business results as it is the aggregation of individual segment profit (loss) measures that we use to evaluate and manage our business performance. The Energy & Chemicals segment reported a segment loss of $6 million in the first quarter of 2020 compared to a profit of $12 million in the first quarter of 2019. Investor Relations Q1 2020 loss per share from continuing operations of $1.22 reflects non-cash impairments and charges related to weak commodity prices and COVID-19 No material project adjustments in the first quarter of 2020; $52 million change in project positions due to the impact of COVID-19 Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Media Relations Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. The Infrastructure & Power segment reported a segment profit of $5 million in the first quarter of 2020 compared to a loss of $22 million in the first quarter of 2019. Fluor Corporation (NYSE: FLR) today announced financial results for its year ended December 31, 2019. The company believes that consolidated segment profit from continuing operations provides a meaningful perspective on its business results as it is the aggregation of individual segment profit measures that the company utilizes to evaluate and manage its business performance. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. 469.398.7621 tel, Jason Landkamer Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. Q1 adjusted earnings per share (Million €) 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. “Project adjustments during the quarter were primarily related to COVID-19. Forward-Looking Statements: This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "continue" is "positioned" or other similar expressions). New awards of $1.6 billion included a large metals project in North America. Privacy Policy and We continue to have the necessary liquidity to meet all of our obligations and operate our business.”. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Item 1A. © Copyright 2021 Morningstar, Inc. All rights reserved. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Investor Relations See full details. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor Reports Delayed First Q1 Results. Fluor’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. Consolidated continuing operations for the first quarter of 2020 included non-cash impairments and charges of approximately $353 million to reflect the impact of weak commodity prices and COVID-19. New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. Protolabs reports financial results for Q1 2020 with COVID-19 response Anas Essop May 01st 2020 - 6:27pm. The company will hold its next call with the investment community in conjunction with the release of its third quarter results. A reconciliation of consolidated segment profit from continuing operations to earnings from continuing operations before taxes is included in the press release table. Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. New awards for the first quarter were $4.2 billion and ending backlog was $31.4 billion. Webcasts Year - Any - 2021 2020 2019 2018 2017 2016 2015 … Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. Fluor reports delayed Q1 2020 results constructiondive.com | 10-23 After an internal accounting review and a Securities and Exchange Commission investigation delayed their release, Irving, Texas-based Fluor Corporation announced financial results for its first quarter 2020 yesterday, saying that revenue was $4.12 billion, down slightly from 2019 Q1 revenue of $4.13 billion. Revenue for … Forward-Looking Statements: This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "continue" is "positioned" or other similar expressions). Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. 469.398.7222 tel. IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. This news release contains a discussion of consolidated segment profit from continuing operations that would be deemed a non-GAAP financial measure under SEC rules. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. By continuing to use our service, you agree to our use of cookies. 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. Results from discontinued operations, which includes the held-for-sale AMECO equipment business, were a loss of $95 million in the first quarter of 2020 or a loss of $0.68 per share. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. Fluor expects to file Q1 2020 results within the next month, followed approximately four weeks later by Q2 2020 results with Q3 2020 results approximately four weeks after that. 0 0 . We also use them to share usage information with our partners. 2020 performance now expected to be better than original expectations, although the outlook for the balance of 2020 remains uncertain, with significant COVID-19 challenges across our markets; fuller update on plans and guidance at the Half Year Commenting on these results, Laxman Narasimhan, Chief Executive Officer, said: The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. Fluor’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. Fluor Reports First Quarter 2020 Results. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. Summary of Non-Cash Impairments and Charges, $169 million goodwill in Diversified Services, $86 million equity method investments in Energy & Chemicals segment, $27 million intangible customer relationships in Diversified Services segment, $16 million impairment of information technology assets, Established reserve on receivables and contract assets for certain joint venture clients in Mexico impacted by declining oil prices in the Energy & Chemicals segment, Impairment of assets held-for-sale, $12 million of which relates to goodwill write down, “As we previously disclosed, these impairments reflect the unprecedented impact of COVID-19 and related pressure on commodity prices,” said Carlos Hernandez, Fluor chief executive officer. Terms of Service apply. Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. NuScale expenses in the first quarter of 2020 were $23 million. -EPS: -$1.22 in Q1 vs. -$0.42 469.398.7621 tel, Jason Landkamer Fluor Corporation (NYSE:FLR) today announced financial results for its quarter ended September 30, 2020.Revenue for the quarter was $3.8 billion and … New awards of $684 million included an extension to the LOGCAP IV contract as well as a project with the U.S. Air Force. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We believe that total segment profit (loss) provides a meaningful perspective on our business results as it is the aggregation of individual segment profit (loss) measures that we use to evaluate and manage our business performance. Fluor Corporation today announced financial results for its quarter ended September 30, 2020. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. Revenue for … The Mining & Industrial segment reported a segment profit of $39 million in the first quarter of 2020 compared to a profit of $28 million in the first quarter of 2019. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. Adjusted EBITDA (1) and Adjusted EBIT (1) (Euro million) For the three months ended March 31, 2020 2019 Change at constant Currency Adjusted EBITDA (1) 317 311 2% (3%) Adjusted EBIT (1) 220 232 (5 %)(12. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. Revenue for the quarter was $4.1 billion and net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Results for the quarter also include $52 million in project adjustments for potential COVID-19 schedule delays and an approximately $100 million tax benefit from the Coronavirus Aid, Relief and Economic Security (CARES) Act. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Third Quarter 2020 Earnings Conference Call. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Item 1A. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. The company will hold its next call with the investment community in conjunction with the release of its third quarter results. Fluor ranks 181 on the FORTUNE 500 ® list, and employs a workforce of more than 45,000 worldwide. Segment results include a $55 million reserve on receivables and contract assets for clients that were directly and materially affected by the impacts of COVID-19 and declining oil prices and $40 million for change in project positions due to COVID-19 schedule delays and associated cost growth. Results from discontinued operations for 2019 were a net profit of $154 million, or $1.10 per diluted share, compared to $164 million, or $1.17 per diluted share a year ago. [Operator Instructions] A replay of today’s conference will be available at approximately 10:30 AM Eastern Time today, accessible on Fluor’s website at investor.fluor.com. Caution must be exercised in relying on these and other forward-looking statements. Revenue for the quarter was $3.8 billion and net … Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. NuScale expenses in the first quarter of 2020 were $23 million. Fluor Corporation (NYSE:FLR) Q3 2020 Results Conference Call December 10, 2020 08:30 AM ET Company Participants Jason Landkamer - Director, IR Alan Boeckmann - … Caution must be exercised in relying on these and other forward-looking statements. Revenue for the quarter was $3.8 billion and net … “Project adjustments during the quarter were primarily related to COVID-19. IRVING, Texas—Fluor Corporation has announced delayed financial results for its quarter ended March 31, 2020. Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies, Q1 2020 loss per share from continuing operations of $1.22 reflects non-cash impairments and charges related to weak commodity prices and COVID-19, No material project adjustments in the first quarter of 2020; $52 million change in project positions due to the impact of COVID-19. We continue to have the necessary liquidity to meet all of our obligations and operate our business.”. Risk Factors" in the Company's Form 10-K filed on September 25, 2020. Fluor Corp. announced on Sept. 25 its 2019 results delayed by an internal review following a February U.S. Securities and Exchange Commission probe of project charges previously stated last year. Results for the quarter also include $52 million in project adjustments for potential COVID-19 schedule delays and an approximately $100 million tax benefit from the Coronavirus Aid, Relief and Economic Security (CARES) Act. Conference Call Transcript. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. 2019. Additive manufacturing service provider and software developer Materialise (NASDAQ:MTLS) has announced financial results for the first quarter ended March 31, 2020. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. As of the end of August 2020, Fluor’s cash balance was $2.1 billion and the company expects the cash balance to be approximately in that range through the end of the year. Consolidated continuing operations for the first quarter of 2020 included non-cash impairments and charges of approximately $353 million to reflect the impact of weak commodity prices and COVID-19. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Q1 2020 Results May 4th, 2020 11 735 742 779 788 58 58 33 33 128 129 89 89 19 19 21 22 (25) (40) 8 37 2 10 Q1 2019 FX hedges Q1 2019 Q1 2019 w/o FX hedges Cars and spare parts Engines Sponsorship, commercial and brand Other Q1 2020 at constant currency 2019 Change in FX 2019 vs. 2020 & FX hedges Q1 2020 Q1 2020 Certaininformation contained or incorporated by reference in this presentation,including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Consolidated segment profit for the quarter was $61 million, As of the end of August 2020, Fluor’s cash balance was $2.1 billion and the company expects the cash balance to be approximately in that range through the end of the year. A reconciliation of consolidated segment profit from continuing operations to earnings from continuing operations before taxes is included in the press release table. To meet all of our obligations and operate our business. ” $ 0.12 | of. Than 45,000 worldwide Looking information Fortune 500 companies differ materially from its expectations and projections Resilient Solvency ratio! June 30, 2020 fluor on Twitter, LinkedIn, Facebook and YouTube 181 on the Fortune ®! 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