Fluor Corporation (NYSE:FLR) today announced financial results for its quarter ended September 30, 2020.Revenue for the quarter was $3.8 billion and … Q1 2020 Results, 7 May 2020 2020 Group net income outlook withdrawn on 21 April due to uncertain environment Group net income of EUR 223m (-5.1%) –Group RoE at 9.0%, above minimum target GWP grow by 6.4% (curr.-adj. IRVING, Texas—Fluor Corporation has announced delayed financial results for its quarter ended March 31, 2020. 469.398.7621 tel, Jason Landkamer Fluor Reports First Quarter 2020 Results. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. Investor Relations 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. 14.01.2021 - Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 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. 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. “Project adjustments during the quarter were primarily related to COVID-19. By continuing to use our service, you agree to our use of cookies. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube. Revenue for the quarter was $3.8 billion and net earnings from … Brian Mershon The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events. Consolidated segment profit for the quarter was $61 million, Due to the impact of COVID-19 and the steep decline in oil prices on the AMECO business during the first quarter of 2020, the company recognized an impairment charge of $100 million, of which $12 million was related to goodwill, to write down the AMECO assets held for sale to fair value less cost to sell. Third Quarter 2020 Earnings Conference Call. 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. Media Relations Results include $9 million for change in project positions due to COVID-19 schedule delays. The web replay will be available for 30 days. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. [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. 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. 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. 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. New awards of $684 million included an extension to the LOGCAP IV contract as well as a project with the U.S. Air Force. 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. The Diversified Services segment reported a segment profit of $5 million in the first quarter of 2020 compared to $9 million in the first quarter of 2019. WASHINGTON (dpa-AFX) - Below are the earnings highlights for Fluor Corp. (FLR):-Earnings: -$171 million in Q1 vs. -$44.2 million in the same period last year. Fluor Corporation 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. Caution must be exercised in relying on these and other forward-looking statements. 171. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. “Project adjustments during the quarter were primarily related to COVID-19. 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. 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