The Other segment, which now includes NuScale and the Radford and Warren government projects, reported a segment loss of $96 million, compared to a loss of $23 million a year ago. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. 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 third quarter ended September 30, 2019. 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. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. Fluor Corp. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Revenue for the quarter was relatively flat at US$3.8 billion, compared to US$3.9 billion reported in 2019, and net earnings from continuing operations attributable to Fluor was US$19 million. During the third quarter of 2019, management announced a plan to sell the company’s government and AMECO equipment businesses. Corporate general and administrative expense, Impairment, restructuring and other exit costs, Earnings (loss) from continuing operations before taxes, Net earnings (loss) from continuing operations, Net earnings from discontinued operations, Less: Net earnings attributable to noncontrolling interests from continuing operations, Net earnings (loss) attributable to Fluor Corporation from continuing operations, Less: Net earnings attributable to noncontrolling interests from discontinued operations, Net earnings attributable to Fluor Corporation from discontinued operations, Net earnings (loss) attributable to Fluor Corporation. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. In May, the … During 2019, Fluor paid $118 million in dividends. Results from discontinued operations were a net profit of $40 million, or $0.28 per diluted share, compared to $9 million, or $0.06 per diluted share, a year ago. A supplemental slide presentation will be available shortly before the call begins. In addition, the company is providing updates on the following: The Energy & Chemicals segment reported a segment loss of $95 million in 2019 compared to a profit of $335 million in 2018. The company said $731m of that figure related to valuation allowances to reduce tax, $533m was accounted for by impairment, restructuring and other exit costs, and $138m related to the settlement of its UK pension plan. Consolidated segment profit from continuing operations for the quarter was $58 million compared to a profit of $173 million a year ago. Fluor Corp. As the company previously announced, a special committee of independent members of the Board of Directors led a review of its previously issued financial information and determined there were material project-related errors resulting from the absence of timely recognition of changes in forecasted project costs, and from other errors in estimating the amount of variable consideration to be included in revenue for the Radford project. The Diversified Services segment, excluding AMECO’s North American operations, reported a segment profit of $11 million in the third quarter of 2019, compared to $23 million a year ago. 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. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. (February 21, 2019). Revenue of $14.3 billion in 2019 from continuing operations compares to $15.2 billion in the prior year. The first quarter was a net loss attributable to Fluor of $58 million, or $0.42 per diluted share, compared to a net loss of $18 million, or $0.13 per diluted share a year ago. All Rights Reserved. Fluor Corporation's total revenue from FY 2008 to FY 2018 (in million U.S. dollars) [Graph]. video celebrates Fluor's legacy as a construction leader, while demonstrating our continued self-perform construction capability. Fluor’s 45,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Third quarter revenue was $3.9 billion compared to $3.8 billion last year. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube. This press release contains a discussion of consolidated segment profit (loss) from continuing operations that would be deemed a non-GAAP financial measure under SEC rules. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. This press release contains a discussion of consolidated segment profit (loss) from continuing operations that would be deemed a non-GAAP financial measure under SEC rules. New awards in the third quarter were $256 million and ending backlog was $13.7 billion compared to $11.4 billion a year ago. Fluor’s Energy & Chemicals segment reported a segment profit of $85 million, compared to $50 million in the third quarter of 2018. Actual results may differ materially as a result of a number of factors, including, among other things, the severity and duration of the COVID-19 pandemic and actions by governments, businesses and individuals in response to the pandemic, including the duration and severity of economic disruptions; the cyclical nature of many of the markets the Company serves, including the Company’s Energy & Chemicals segment; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; failure to remediate material weaknesses in our internal controls over financial reporting or the failure to maintain an effective system of internal controls; failure to prepare and timely file our periodic reports; the restatement of certain of our previously issued consolidated financial statements; intense competition in the industries in which we operate; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure of our joint venture or other partners, suppliers or subcontractors to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics, public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; the Company’s failure, or the failure of our agents or partners, to comply with laws; risks related to our indebtedness; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; possible limitations on bonding or letter of credit capacity; failure to successfully implement our strategic and operational initiatives; risks or uncertainties associated with acquisitions, dispositions and investments; risks arising from the inability to successfully integrate acquired businesses; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions or inability to protect intellectual property; new or changing legal requirements, including those relating to climate change and environmental, health and safety matters; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; and asset impairments.

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