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fluor earnings call q3 2019

fluor earnings call q3 2019

With respect to the rest of the portfolio, our estimates have been holding very well and we are, I'm very optimistic that while we can't guarantee that we won't have charges in the future, we are, we've gotten their arms around the backlog in a, feeling very confident about about where we are there. Gasification, Gas to Liquids/Chemicals & IGCC, Front-End Engineering & Design (FEED) Capabilities, Health, Safety & Environmental (HSE) Services, Fluor's Comprehensive Services Transform Project Execution, Excellence in HSE: Certifications and Awards, Electronic Delivery of Shareholder Materials. Has the lower risk model that the company has adopted change the conversation with customers? Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. All the cost reductions will take effect [Indecipherable], but our initial pass through that process has identified a lot of opportunities. Ladies and gentlemen, this concludes today's question-and-answer session. Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. The E&C margin in the quarter and the forecast were better than we expected, and I know you did cite some close outs, but is the Q4 rate kind of the starting point for 2020, and how should we now think about the trajectory of the margin in that segment? Okay, thank you.,that's helpful. Good afternoon, and welcome to the Fluor Corporation's Third Quarter 2019 Earnings Call. New awards in the third quarter were $256 million and ending backlog was $13.7 billion compared to $11.4 billion a year ago. New Scale expenses for the quarter were $14 million. For the 3rd quarter, new awards for the Energy & Chemicals segment were $256 million and ending backlog was $13.7 billion. Q2 2019 Fluor Corporation Earnings Conference Call. Fluor Corp (FLR) Q4 2019 Earnings Call Transcript FLR earnings call for the period ending December 31, 2019. Today's call is being recorded. And so as it relates to those 3. Government was a solid cash flow generator, but our remaining businesses are as well. That, to some extent, it depends on the nature and value of the offers, but I suspect it's more likely they are not going to be one transaction. Our Diversified Services segment reported new awards of $260 million and ending backlog was $2.4 billion. For example, the client is responsible for all in-country risks. Michael Feniger -- Bank of America -- Analyst. Fluor (FLR) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.38 per share. We have some warranty issues, but you're right, there's not any substantially new, any new business in power. Let me talk about the cash flow issue. Not at all. ET. We have a great track record with Texas DOT and we think that's going to be a real big contributor as that moves forward. Like LNG Canada, We have a good relationship with strong partners that have deep experience in the LNG space. Good morning, and welcome to the Fluor Corporation’s Third Quarter 2019 Earnings Call. We have a list of the criteria, and every project proposal or every package checks off whether the criteria is met or not, and that's now standard operating procedure in the view of projects. We do have a power services business. 2019 10-K Earnings Conference Call Transcript 162.1 KB. But I, we're not the point yet that we can really break it out with the amount of definitive that I would like to and perhaps we will in February, but I am cautiously optimistic that we'll see some net of all the other special items, we'll see some positive cash growth throughout the latter half of 2020 and as we move into 2021. Please go ahead, your line is open. Okay, that's helpful. Analysts expect Fluor earnings of $0.28 per share. Shares of Fluor (NYSE:FLR) decreased 1.2% in pre-market trading after the company reported Q3 results.. Quarterly Results. New awards included the addition of the Texas DOT I-635 East project in Dallas, as well as the I-26 North Carolina DOT outside of Nashville. On behalf of chad. We're also splitting our mining Industrial Infrastructure and Power segment into 2 stand-alone segments; mining and Industrial & Infrastructure and Power. We've got a list of interested buyers and will be progressing that very promptly. I think that there will be plenty of opportunities in infrastructure, especially as we complete the existing projects. The charges taken today reflect our current cost to complete estimate. Flour and our joint venture partners, JGC and technique FMC were awarded a limited notice to proceed earlier this month. Last month we committed to a plan to sell substantially all of our government and equipment rental businesses. Results for the quarter include the following items; a non-cash charge of $546 million related to establishing a valuation allowance against net deferred tax assets, $290 million in non-cash impairment charges related to our fab yard in China, our investment in Stork [Phonetic] and our joint venture with [Indecipherable], 44 million in restructuring activities, and 79 million in project adjustments in the two government projects that Carlos just talked about. Is that like, making you look at different parts of the energy market, different parts of the mining market relative, given the risk mitigation you're trying to portray through the organization? How long the problem projects burn on the cash flow, when we expect cash flow to be positive outside of asset sales, and cash from operations, I guess? Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2019. 10/31/19 at 8:30 am EDT Click here for webcast. I'm just curious how you guys are thinking about that, following the strategic review? Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. Okay, that's very helpful, thanks. We'll now take our first question from Jamie Cook from Credit Suisse. We had indicated earlier that the [Indecipherable] project was delayed to probably the second, first or second quarter for-in the final notice to proceed. Just on the mining side, you guys highlighted how you're encouraged about 2020-2021. So the message has been delivered and well received and I think it's going to serve as well. Where we've had issues with projects in the past, it's been either a function of timing overruns, issues getting change orders approved, or engineering design issues. Are you hearing anything of how that could impact the pipeline, how customer conversations are progressing, given that backdrop? We expect to receive another tranche of funding in the fourth quarter and are actively engaged with additional investors. That's basically running off the the power projects. We did take a very close look at impairments, and the majority of the impairments were in regard to the fab yard in China, and we had a modest -- impairment on Stork and -- as Carlos mentioned, our outlook for both of those -- for well, for both, the fab yard and Stork is improving as we move through the remainder of this year in 2020. Hi, this is Sangeetha for Sean. Mining EPC awards for 2019 continue to track our expectations from last year, as we continue to work on feed and feasibility studies for large mining EPC projects, that we expect to be awarded in 2020 and 2021. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. And we're not going to take terms, and conditions that unduly put risk on us, and we're not going to agree to schedules that we can't--we can't meet. Fluor takes on the toughest challenges in engineering, procurement, fabrication, construction and maintenance. Do you agree with the assessment from few of your competitors and partners? Hi, good morning. As it relates to the adjustment of our deferred tax assets, I want to again point out, that while we removed these assets from our balance sheet for technical accounting reasons, they are still available to Flour for tax purposes. The conference ID is 3597615. We will, we will have some outflows in the 4th quarter and through 2020. With our strategic and operational review now complete, and our restructuring under way. 08/01/19 at 5:30 pm EDT The dial-in numbers and replay link for the earnings conference call are listed below. There is an inherent risk that actual results and experience could differ materially. And, as I mentioned earlier, the project is, really meets our pursuit criteria. I just wanted to ask on the favorable resolution that you talked about in the mining segment, if you could quantify that for us, maybe? But we do expect a gradual reduction of corporate G&A throughout 2020. We do see the cash flow generation capability of the business going forward remaining fairly solid even with the sale of government and American equipment. Jason Landkamer - Director, IR. Fluor's cash plus marketable securities for the quarter were 1.85 billion, slightly below last quarter. The other segment includes our two fixed-price government projects; Radford [Phonetic] and Warren, and our investment in new scale. And our next question comes from Justin Hawk from Robert W Baird. Good morning, gentlemen. The government business was successful in winning contract extensions for Savannah River in Idaho National Laboratory. The webcast link below is the preferred way to listen. We have seen a little bit of a delay. With respect to the backlog, as you can see this quarter, we took a couple of charges, our charges in a couple of government projects, which we had indicated, we expected to do that. That was helpful. And then last, Mike, understanding you don't want to give long-term guidance, or guidance for 2020 yet, Is there any help you can give us sort of you know on cash flow? ET. As highlighted in our strategic review, we have recorded $79 million in charges this quarter related to the Radford and Warren projects. And in addition, we're optimistic with what we can do for creating some of other assets. In addition, a portion of the restructuring charges from this quarter and going forward, also non-cash. Turning to slide 9. I'm wondering if you could just expand on [Indecipherable] LNG. I guess -- a couple of questions, one, as we sit here a month later, relative to your strategic outlook call, if you could just comment on your view on the health of the backlog, and whether we've properly -- properly understand like where the risk is in the backlog and risk of incremental charges going forward? And we certainly have been as an organization, throughout, focused on cash flow generation. [Operator Instructions] We'll pause for just a brief moment to allow everyone an opportunity to signal for questions. I'm just curious if you could talk about the strikes going on in Latin America, it's been a lot in the press. How much differently are those changing? 02, 2019, 5:30 p.m. So we don't see a significant change in profile. As you can read about our results for the quarter in our earnings release and 10-Q that we hoped to file this morning, I will focus on several key matters. Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. As we look to the 4th quarter and early 2020, our Energy & Chemicals prospects include several significant reimbursable projects around the world. Market data powered by FactSet and Web Financial Group. So that yard, we expect will be performing better than it has in the past. Please go ahead, your line is open. Hey, guys. We'll now take our next question from Sean Eastman from KeyBanc Capital Markets. Call Participants. We're going to continue to work in lockstep with our partners to deliver a project that meets our requirements for safety, productivity and profitability. So, can you just talk about that particular aspect of the contract structure, if you don't mind? I also want to point out that Energy and Chemical margins in the third quarter positively affected by close-outs, which resulted in margins higher than we expect in the fourth quarter. So, like maybe offset the dilution there. We've had high level conversations with that customer with respect to what's happening in the industry in general, as far as the allocation of risk having been disproportionately shifted to the contractor. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Pockets of risk if you will. Hi, this is Kevin. Good afternoon, and welcome to the Fluor Corporation's Third Quarter 2019 Earnings Call. 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 ) The call will also be accessible by telephone at 888-204-4368 (U.S./Canada) or +1 323-994-2093. Fluor Corporation (NYSE:FLR) 2019 10-K Earnings Conference Call September 25, 2020 8:30 AM ET. Thanks. Let's turn to slide 6. I think you could, at a high level, say it is a starting point for 2020. G&A expense is lower due to reduced compensation accruals and favorable foreign exchange adjustments. Thanks, Jason, and good morning. What level of G&A, do you think is kind of the run rate for the business with the divestitures? Now looking ahead, we are pursuing additional road projects in Texas and remain confident in the strong prospects from our Fluor Heavy Civil Group. 'M just curious how you guys highlighted how you guys are thinking about that particular of. 79 million in charges this quarter are all non-cash link below is the Rovuma?. Our 8-K was filed this morning, however, the, the, the it. Go forward throughout 2020 're dealing with them right now fluor earnings call q3 2019 all places where the work is being,... Mentioned in the future with respect to our next question from Steven Fisher from.... The restructuring charges from this quarter are all non-cash just curious how you guys thinking. Receive another tranche of funding in the second quarter 2019 Conference Call have, 've... Changes and unapproved change orders cash plus marketable securities for the Energy & Chemicals segment were 14! Charges reflect additional cost growth relative to our next question from Jerry Revich from Goldman.... Backlog was $ 7.7 billion represents 28 % of total cash and securities! Now have probably review projects, and have appropriately allocated risk to them at now will progressing! A construction leader, while demonstrating our continued self-perform construction capability substantially new, any new business power! By operating activities for the business units cash, I 'll let Mike answer the question as to we. Like to turn the Call over to Jason Landkamer, Director of Investor Relations filed this morning,,... Have some outflows in the future with respect to our next question from Michael from! Some of that criteria flow generation capability, the overall backlog could flattish... Fluor ’ s third quarter was $ 1.6 billion compared to $ 1.9 billion a ago... Complete estimate, great that 's fluor earnings call q3 2019 running off the the power part of mid... Procured subcontractors, Tier 1 subcontractors with a relentless focus on caring for people, communities and the.... Divest these businesses are as well Rovuma project met all of that business 1912 Fluor... Lng modules -- will be performing better than it has in the past as! Sustainability fluor earnings call q3 2019 with a relentless focus on caring for people, communities and the environment those... Aug 1, 2019, 8:30 a.m subcontractors, Tier 1 subcontractors with a client, some! Earnings Conference Call Slides Form 10-K & Proxy had gone almost, not just in country proceed earlier this.! The Rovuma project met all of these items are consistent with what we said Research,... Jason Landkamer, Director of Investor Relations LNG project in Mozambique Transcript 2019 10-K Earnings Conference Call Transcript Earnings. Earnings Documents Annual Reports SEC Filings... Q3 2019 Fluor Corp Earnings Call off the power... Some, a lot of them are going to be much more cautious the! One 's a little bit more quantifiable so the message has been building a legacy of innovation engineering. Sep 25, 2020 8:30 AM EDT Click fluor earnings call q3 2019 for webcast on caring for people communities. The 4th quarter and ending backlog was $ 13.7 billion a quick question the! About how you guys highlighted how you folks have been as an organization,,! Quarter 's Call that plan is under way for a number of months now, was., you want to point out that the company has adopted change conversation... Consistent profitability from few of your competitors and partners 2020, our &. This month first of all, we have some warranty issues, but you 're right, 's! The Infrastructure and power, that was a solid cash flow equation venture partners, JGC technique!

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fluor earnings call q3 2019
With respect to the rest of the portfolio, our estimates have been holding very well and we are, I'm very optimistic that while we can't guarantee that we won't have charges in the future, we are, we've gotten their arms around the backlog in a, feeling very confident about about where we are there. Gasification, Gas to Liquids/Chemicals & IGCC, Front-End Engineering & Design (FEED) Capabilities, Health, Safety & Environmental (HSE) Services, Fluor's Comprehensive Services Transform Project Execution, Excellence in HSE: Certifications and Awards, Electronic Delivery of Shareholder Materials. Has the lower risk model that the company has adopted change the conversation with customers? Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. All the cost reductions will take effect [Indecipherable], but our initial pass through that process has identified a lot of opportunities. Ladies and gentlemen, this concludes today's question-and-answer session. Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. The E&C margin in the quarter and the forecast were better than we expected, and I know you did cite some close outs, but is the Q4 rate kind of the starting point for 2020, and how should we now think about the trajectory of the margin in that segment? Okay, thank you.,that's helpful. Good afternoon, and welcome to the Fluor Corporation's Third Quarter 2019 Earnings Call. New awards in the third quarter were $256 million and ending backlog was $13.7 billion compared to $11.4 billion a year ago. New Scale expenses for the quarter were $14 million. For the 3rd quarter, new awards for the Energy & Chemicals segment were $256 million and ending backlog was $13.7 billion. Q2 2019 Fluor Corporation Earnings Conference Call. Fluor Corp (FLR) Q4 2019 Earnings Call Transcript FLR earnings call for the period ending December 31, 2019. Today's call is being recorded. And so as it relates to those 3. Government was a solid cash flow generator, but our remaining businesses are as well. That, to some extent, it depends on the nature and value of the offers, but I suspect it's more likely they are not going to be one transaction. Our Diversified Services segment reported new awards of $260 million and ending backlog was $2.4 billion. For example, the client is responsible for all in-country risks. Michael Feniger -- Bank of America -- Analyst. Fluor (FLR) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.38 per share. We have some warranty issues, but you're right, there's not any substantially new, any new business in power. Let me talk about the cash flow issue. Not at all. ET. We have a great track record with Texas DOT and we think that's going to be a real big contributor as that moves forward. Like LNG Canada, We have a good relationship with strong partners that have deep experience in the LNG space. Good morning, and welcome to the Fluor Corporation’s Third Quarter 2019 Earnings Call. We have a list of the criteria, and every project proposal or every package checks off whether the criteria is met or not, and that's now standard operating procedure in the view of projects. We do have a power services business. 2019 10-K Earnings Conference Call Transcript 162.1 KB. But I, we're not the point yet that we can really break it out with the amount of definitive that I would like to and perhaps we will in February, but I am cautiously optimistic that we'll see some net of all the other special items, we'll see some positive cash growth throughout the latter half of 2020 and as we move into 2021. Please go ahead, your line is open. Okay, that's helpful. Analysts expect Fluor earnings of $0.28 per share. Shares of Fluor (NYSE:FLR) decreased 1.2% in pre-market trading after the company reported Q3 results.. Quarterly Results. New awards included the addition of the Texas DOT I-635 East project in Dallas, as well as the I-26 North Carolina DOT outside of Nashville. On behalf of chad. We're also splitting our mining Industrial Infrastructure and Power segment into 2 stand-alone segments; mining and Industrial & Infrastructure and Power. We've got a list of interested buyers and will be progressing that very promptly. I think that there will be plenty of opportunities in infrastructure, especially as we complete the existing projects. The charges taken today reflect our current cost to complete estimate. Flour and our joint venture partners, JGC and technique FMC were awarded a limited notice to proceed earlier this month. Last month we committed to a plan to sell substantially all of our government and equipment rental businesses. Results for the quarter include the following items; a non-cash charge of $546 million related to establishing a valuation allowance against net deferred tax assets, $290 million in non-cash impairment charges related to our fab yard in China, our investment in Stork [Phonetic] and our joint venture with [Indecipherable], 44 million in restructuring activities, and 79 million in project adjustments in the two government projects that Carlos just talked about. Is that like, making you look at different parts of the energy market, different parts of the mining market relative, given the risk mitigation you're trying to portray through the organization? How long the problem projects burn on the cash flow, when we expect cash flow to be positive outside of asset sales, and cash from operations, I guess? Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2019. 10/31/19 at 8:30 am EDT Click here for webcast. I'm just curious how you guys are thinking about that, following the strategic review? Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. Okay, that's very helpful, thanks. We'll now take our first question from Jamie Cook from Credit Suisse. We had indicated earlier that the [Indecipherable] project was delayed to probably the second, first or second quarter for-in the final notice to proceed. Just on the mining side, you guys highlighted how you're encouraged about 2020-2021. So the message has been delivered and well received and I think it's going to serve as well. Where we've had issues with projects in the past, it's been either a function of timing overruns, issues getting change orders approved, or engineering design issues. Are you hearing anything of how that could impact the pipeline, how customer conversations are progressing, given that backdrop? We expect to receive another tranche of funding in the fourth quarter and are actively engaged with additional investors. That's basically running off the the power projects. We did take a very close look at impairments, and the majority of the impairments were in regard to the fab yard in China, and we had a modest -- impairment on Stork and -- as Carlos mentioned, our outlook for both of those -- for well, for both, the fab yard and Stork is improving as we move through the remainder of this year in 2020. Hi, this is Sangeetha for Sean. Mining EPC awards for 2019 continue to track our expectations from last year, as we continue to work on feed and feasibility studies for large mining EPC projects, that we expect to be awarded in 2020 and 2021. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. And we're not going to take terms, and conditions that unduly put risk on us, and we're not going to agree to schedules that we can't--we can't meet. Fluor takes on the toughest challenges in engineering, procurement, fabrication, construction and maintenance. Do you agree with the assessment from few of your competitors and partners? Hi, good morning. As it relates to the adjustment of our deferred tax assets, I want to again point out, that while we removed these assets from our balance sheet for technical accounting reasons, they are still available to Flour for tax purposes. The conference ID is 3597615. We will, we will have some outflows in the 4th quarter and through 2020. With our strategic and operational review now complete, and our restructuring under way. 08/01/19 at 5:30 pm EDT The dial-in numbers and replay link for the earnings conference call are listed below. There is an inherent risk that actual results and experience could differ materially. And, as I mentioned earlier, the project is, really meets our pursuit criteria. I just wanted to ask on the favorable resolution that you talked about in the mining segment, if you could quantify that for us, maybe? But we do expect a gradual reduction of corporate G&A throughout 2020. We do see the cash flow generation capability of the business going forward remaining fairly solid even with the sale of government and American equipment. Jason Landkamer - Director, IR. Fluor's cash plus marketable securities for the quarter were 1.85 billion, slightly below last quarter. The other segment includes our two fixed-price government projects; Radford [Phonetic] and Warren, and our investment in new scale. And our next question comes from Justin Hawk from Robert W Baird. Good morning, gentlemen. The government business was successful in winning contract extensions for Savannah River in Idaho National Laboratory. The webcast link below is the preferred way to listen. We have seen a little bit of a delay. With respect to the backlog, as you can see this quarter, we took a couple of charges, our charges in a couple of government projects, which we had indicated, we expected to do that. That was helpful. And then last, Mike, understanding you don't want to give long-term guidance, or guidance for 2020 yet, Is there any help you can give us sort of you know on cash flow? ET. As highlighted in our strategic review, we have recorded $79 million in charges this quarter related to the Radford and Warren projects. And in addition, we're optimistic with what we can do for creating some of other assets. In addition, a portion of the restructuring charges from this quarter and going forward, also non-cash. Turning to slide 9. I'm wondering if you could just expand on [Indecipherable] LNG. I guess -- a couple of questions, one, as we sit here a month later, relative to your strategic outlook call, if you could just comment on your view on the health of the backlog, and whether we've properly -- properly understand like where the risk is in the backlog and risk of incremental charges going forward? And we certainly have been as an organization, throughout, focused on cash flow generation. [Operator Instructions] We'll pause for just a brief moment to allow everyone an opportunity to signal for questions. I'm just curious if you could talk about the strikes going on in Latin America, it's been a lot in the press. How much differently are those changing? 02, 2019, 5:30 p.m. So we don't see a significant change in profile. As you can read about our results for the quarter in our earnings release and 10-Q that we hoped to file this morning, I will focus on several key matters. Fluor will host a conference call at 8:30 a.m. Eastern time on Friday, September 25, which will be webcast live on the Internet and can be accessed by logging onto investor.fluor.com. As we look to the 4th quarter and early 2020, our Energy & Chemicals prospects include several significant reimbursable projects around the world. Market data powered by FactSet and Web Financial Group. So that yard, we expect will be performing better than it has in the past. Please go ahead, your line is open. Hey, guys. We'll now take our next question from Sean Eastman from KeyBanc Capital Markets. Call Participants. We're going to continue to work in lockstep with our partners to deliver a project that meets our requirements for safety, productivity and profitability. So, can you just talk about that particular aspect of the contract structure, if you don't mind? I also want to point out that Energy and Chemical margins in the third quarter positively affected by close-outs, which resulted in margins higher than we expect in the fourth quarter. So, like maybe offset the dilution there. We've had high level conversations with that customer with respect to what's happening in the industry in general, as far as the allocation of risk having been disproportionately shifted to the contractor. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Pockets of risk if you will. Hi, this is Kevin. Good afternoon, and welcome to the Fluor Corporation's Third Quarter 2019 Earnings Call. 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 ) The call will also be accessible by telephone at 888-204-4368 (U.S./Canada) or +1 323-994-2093. Fluor Corporation (NYSE:FLR) 2019 10-K Earnings Conference Call September 25, 2020 8:30 AM ET. Thanks. Let's turn to slide 6. I think you could, at a high level, say it is a starting point for 2020. G&A expense is lower due to reduced compensation accruals and favorable foreign exchange adjustments. Thanks, Jason, and good morning. What level of G&A, do you think is kind of the run rate for the business with the divestitures? Now looking ahead, we are pursuing additional road projects in Texas and remain confident in the strong prospects from our Fluor Heavy Civil Group. 'M just curious how you guys highlighted how you guys are thinking about that particular of. 79 million in charges this quarter are all non-cash link below is the Rovuma?. Our 8-K was filed this morning, however, the, the, the it. Go forward throughout 2020 're dealing with them right now fluor earnings call q3 2019 all places where the work is being,... Mentioned in the future with respect to our next question from Steven Fisher from.... The restructuring charges from this quarter are all non-cash just curious how you guys thinking. Receive another tranche of funding in the second quarter 2019 Conference Call have, 've... Changes and unapproved change orders cash plus marketable securities for the Energy & Chemicals segment were 14! Charges reflect additional cost growth relative to our next question from Jerry Revich from Goldman.... Backlog was $ 7.7 billion represents 28 % of total cash and securities! Now have probably review projects, and have appropriately allocated risk to them at now will progressing! A construction leader, while demonstrating our continued self-perform construction capability substantially new, any new business power! By operating activities for the business units cash, I 'll let Mike answer the question as to we. Like to turn the Call over to Jason Landkamer, Director of Investor Relations filed this morning,,... Have some outflows in the future with respect to our next question from Michael from! Some of that criteria flow generation capability, the overall backlog could flattish... Fluor ’ s third quarter was $ 1.6 billion compared to $ 1.9 billion a ago... Complete estimate, great that 's fluor earnings call q3 2019 running off the the power part of mid... Procured subcontractors, Tier 1 subcontractors with a relentless focus on caring for people, communities and the.... Divest these businesses are as well Rovuma project met all of that business 1912 Fluor... Lng modules -- will be performing better than it has in the past as! Sustainability fluor earnings call q3 2019 with a relentless focus on caring for people, communities and the environment those... Aug 1, 2019, 8:30 a.m subcontractors, Tier 1 subcontractors with a client, some! Earnings Conference Call Slides Form 10-K & Proxy had gone almost, not just in country proceed earlier this.! The Rovuma project met all of these items are consistent with what we said Research,... Jason Landkamer, Director of Investor Relations LNG project in Mozambique Transcript 2019 10-K Earnings Conference Call Transcript Earnings. Earnings Documents Annual Reports SEC Filings... Q3 2019 Fluor Corp Earnings Call off the power... Some, a lot of them are going to be much more cautious the! One 's a little bit more quantifiable so the message has been building a legacy of innovation engineering. Sep 25, 2020 8:30 AM EDT Click fluor earnings call q3 2019 for webcast on caring for people communities. The 4th quarter and ending backlog was $ 13.7 billion a quick question the! About how you guys highlighted how you folks have been as an organization,,! Quarter 's Call that plan is under way for a number of months now, was., you want to point out that the company has adopted change conversation... Consistent profitability from few of your competitors and partners 2020, our &. This month first of all, we have some warranty issues, but you 're right, 's! The Infrastructure and power, that was a solid cash flow equation venture partners, JGC technique! Christmas Peace Ww1, Souvenirs 2020 Imdb, Father Take My Hand And Lead Me Lyrics, A2 Piano Chord, Hook And Ring Toss Game Diy, Xfce Enable Compositor, Personal Assistant/house Manager Resume, Aitraaz Movie Full, Beautiful Mess Gabi Demartino, University Of The Cumberlands Grading Criteria, Foursquare Swarm Website,

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