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 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. 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. Brian Mershon 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. New awards for the first quarter were $4.2 billion and ending backlog was $31.4 billion. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. 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 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the first quarter of fiscal 2020. New awards of $1.6 billion included a large metals project in North America. Good morning, and welcome to the Fluor Corporation’s 3Q 2020 Earnings Conference Call. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Fluor Reports First Quarter 2020 Results. 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. Terms of Service apply. 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. Fluor’s results have been delayed due to errors found relating to the timing of charges and revenue. 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. 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. Q1 2020 Financial Results. Revenue for the quarter was $3.8 billion and net … Fluor ranks 181 on the FORTUNE 500 ® list, and employs a workforce of more than 45,000 worldwide. 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 Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Webcasts Year - Any - 2021 2020 2019 2018 2017 2016 2015 … 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; 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; uncertainties, restrictions and regulations impacting our government contracts; 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; the Company’s failure, or the failure of our agents or partners, to comply with laws; the Company's ability to secure appropriate insurance; new or changing legal requirements, including those relating to climate change and environmental, health and safety matters; 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; asset impairments; and restrictions on possible transactions imposed by our charter documents, Delaware law and our stockholder rights agreement. In February 2020, Fluor announced its intention to retain the government business, and will reflect its financial information in continuing operations starting with the first quarter of 2020. See full details. 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. 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. 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. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. 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. Revenue for the quarter was $4.1 billion and the net loss from continuing operations was $171 million or $1.22 per diluted share. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended June 30, 2020. 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. 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 Corporation (NYSE:FLR) today announced financial results for its quarter ended September 30, 2020.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. Fluor Corporation (NYSE: FLR) 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. 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 September 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. 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. 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. 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. Revenue for the quarter was $4.1 billion and net … Revenue for the quarter was $3.8 billion and net … Government is now included as continuing operations in all financial results. Media Relations Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. 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. 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. 469.398.7621 tel, Jason Landkamer 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. Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. 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