Consolidated segment profit for the quarter was $129 million compared to $79 million a year ago. In the fourth quarter, the segment booked new awards of $527 million and ending backlog is expected to be $5.4 billion compared to $8.9 billion a year ago. Fluor announced that the Securities and Exchange Commission (“SEC”) is conducting an investigation of the Company’s past accounting and financial reporting, and has requested documents and information related to projects for which the Company recorded charges in the second quarter of 2019. Get by Email • RSS. A replay of the webcast will be available for 30 days. Funding for NuScale in the second half of 2019 was provided by outside investors. For 2020, Fluor is introducing adjusted EPS guidance of $1.40 to $1.60 per share from continuing operations, which includes the Government business. ... SAN FRANCISCO, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges Fluor Corporation (NYSE: FLR) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover their investment losses. Consolidated backlog at year-end is expected to be $32.7 billion. NYSE:FLR / Fluor Corp. - SEC Filings, Annual Report, Proxy Statement. Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor Corporation (NYSE:FLR) went down by -3.72% from its latest closing price compared to the recent 1-year high of $20.90. “In 2019 we started down the path of making tangible, actionable changes to our business strategy and structure to position Fluor for long-term success,” said Carlos Hernandez, Fluor chief executive officer. The rating they have provided for FLR stocks is “Neutral” according to the report published on April 27th, 2020. Credit Suisse gave a rating of “Neutral” to FLR, setting the target price at $16 in the report published on February 19th of the current year. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Ending backlog is expected to be $14.1 billion compared to $17.8 billion a year ago. New awards totaled $574 million for the fourth quarter and ending backlog is expected to be $2.5 billion, up from $2.3 billion a year ago. Corporate G&A expense is expected to be $167 million, up from $118 million a year ago and primarily driven by foreign currency exchange losses as compared to foreign currency exchange gains a year ago. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Mr. Hernandez continued, “We are excited about retaining this important and attractive asset that provides us exposure to long term clients, with less-cyclical projects, cost-reimbursable contracts and high cash flow potential all drive our company-wide focus on having an appropriate mix of risk in our backlog. As a result, the Company has decided to retain the Government segment which will cease to be reported as a discontinued operation in the first quarter of 2020. Fluor (FLR Quick Quote FLR - Free Report) Reports Second-Quarter 2020 Results. 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. Consolidated backlog at year-end is expected to be $32.7 billion. Revenue for … Fluor's 2019 Sustainability Report highlights how we are making a lasting impact on the world. This press release contains forward-looking references to Adjusted EPS and Adjusted G&A that are non-GAAP financial measures under SEC rules. Due to the preliminary and unaudited nature of the financial information included in this release, the risks and uncertainties identified in this release, and the possibility for additional or unknown risks, the Company’s results may differ materially from its expectations and projections. 2013 Proxy Statement 2.8 MB. As a result, the Company has decided to retain the Government segment which will cease to be reported as a discontinued operation in the first quarter of 2020. Caution must be exercised in relying on these and other forward-looking statements. 2019 Annual Report 7.1 MB. Adjusted G&A is defined as corporate general and administrative expense less restructuring expenses. Full Text （3,909KB） Archive of Past Annual Reports. Replay of the call will also be accessible by telephone for one week risk Factors '' the... 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