Revenue for the quarter was $3.8 billion and net … The web replay will be available for 30 days. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Conference Call Transcript. 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. See full details. 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). 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. 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. Risk Factors" in the Company's Form 10-K filed on September 25, 2020. Lenovo Posts Q1 2020/21 Financial Results. 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. 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. Remaining backlog in the segment is $209 million. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. 11/12/20. New awards for the first quarter were $4.2 billion and ending backlog was $31.4 billion. 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. 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. A reconciliation of consolidated segment profit from continuing operations to earnings from continuing operations before taxes is included in the press release table. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. 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. 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. 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’s total revenue for the first quarter of 2020 fell marginally to USD4.1 billion. 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. Investor Relations 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. Fluor Reports First Quarter 2020 Results Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. 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 … Additive manufacturing service provider and software developer Materialise (NASDAQ:MTLS) has announced financial results for the first quarter ended March 31, 2020. Corporate G&A for the quarter was a benefit of $14 million due to a $44 million foreign currency gain in the quarter. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. 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. 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. Operating cash flow in the … Good morning, and welcome to the Fluor Corporation’s 3Q 2020 Earnings Conference Call. 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: 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 Revenue for the quarter was $3.8 billion and net … IRVING, Texas--(BUSINESS WIRE) --Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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 $1.6 billion included a large metals project in North America. Remaining backlog in the segment is $209 million. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. 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. The Company does not expect to file its annual report on Form 10-K for the period ended … 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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. News Release. New awards of $1.5 billion included an EPC contract for the Canada Kuwait Petrochemical Corporation propane dehydrogenation facility. New awards of $684 million included an extension to the LOGCAP IV contract as well as a project with the U.S. Air Force. 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. 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. Government is now included as continuing operations in all financial results. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. 469.398.7222 tel. 2020 Q3 Earnings Documents. New awards of $7.3 million in the first quarter reflect the company’s disciplined bidding protocols. Results include $9 million for change in project positions due to COVID-19 schedule delays. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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. The Government segment reported a segment profit of $31 million in the first quarter of 2020 compared to $38 million in the first quarter of 2019. 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. 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. Slides Press Release 10-Q. Q1 adjusted earnings per share (Million €) 2020. 469.398.7621 tel, Jason Landkamer Government is now included as continuing operations in all financial results. 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). SUMMARY FINANCIALS AND U.S. GAAP RECONCILIATION OF CONSOLIDATED SEGMENT PROFIT, Total segment profit (loss) $ and margin %(1), Impairment, restructuring and other exit costs, Earnings (loss) attributable to NCI from continuing operations, Earnings (loss) from continuing operations before taxes, Net earnings (loss) from continuing operations. Fluor Corporation today announced financial results for its quarter ended September 30, 2020. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. NuScale expenses in the first quarter of 2020 were $23 million. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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. 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. Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. Results include $9 million for change in project positions due to COVID-19 schedule delays. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Protolabs reports financial results for Q1 2020 with COVID-19 response Anas Essop May 01st 2020 - 6:27pm. 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. IRVING, Texas -- (BUSINESS WIRE)--Nov. 12, 2020-- Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. Consolidated segment profit for the quarter was $52 million, up from $39 million a year ago. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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; Total segment profit (loss) $ and margin %, https://www.businesswire.com/news/home/20201022005202/en/. 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. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. 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. The company suffered a net loss from continuing operations of USD162 million, compared with a net loss of USD44 a year ago. -EPS: -$1.22 in Q1 vs. -$0.42 © Copyright 2021 Morningstar, Inc. All rights reserved. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 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. The company will hold its next call with the investment community in conjunction with the release of its third quarter results. Stockhouse.com use cookies on this site. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. 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). Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. 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