And we have some opportunities I think to address the market that are coming forward and where we have strength that hadn't necessarily put the focus on them in the past. Its revenue for the quarter was down 17.8% compared to the same quarter last year. And he brings a unique combination of deep insight into Fluor and an outsider's perspective. As Carlos mentioned, with today’s filing, we are now current with all financial filings and debt requirements. That’s really helpful. Understood. How much is it commodity price? ... Fluor Corp (FLR) Q2 2019 Earnings Call Transcript. But the impacts really that are driving the 3.1% cumulative margins through the first nine months are some of the disclosed COVID impacts. Any way you guys can kind of frame that for us and how to think about that and timeline? Thank you, operator, and welcome to Fluor’s third quarter 2020 conference call. This is particularly evident when you look at the Infrastructure segment. So you mentioned maybe 4% to 5%. So I think I don’t want to be able to — don’t really want to say much more, but those are our main goals going through the strategy session. Yeah. With us today are Alan Boeckmann, Fluor's Executive Chairman; Carlos Hernandez, Fluor's Chief Executive Officer; and Joe Brennan, Fluor's Chief Financial Officer. So the project side is starting to look good, but also we're having very serious discussions with investors. Fluor Corp (FLR) Q3 2020 Earnings Call Transcript. View on fool.com. In terms of cash that we’re going to spend, go ahead and answer. The company will report its earnings for Q3 2020 on 12/10/2020. We'll take our next question from Jerry Revich with Goldman Sachs. The web replay will be available for 30 days. But is that still a reasonable number or is there anything that you can give us as an update about expectations for what the cash proceeds might be from that? [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. Okay. So if you look at the corporate G&A expenses, the underlying number is running quite low year-to-date. Over 75% of our offices are open and operating at a reduced level of operations with the remaining offices still closed. David held various leadership positions at Fluor from 1982 to 2011, and has also been a member of our board since 2019. In the third quarter, we recorded revenue of $3.8 billion, down slightly from Q2 and earnings from continuing operations attributable to Fluor of $19.1 million or $0.14 per share. Good morning. We continue to believe that we have ample liquidity to meet the demands of current projects and future prospects. Fluor Corp. (FLR) Q3 2020 Earnings Call Transcript December 10, 2020 December 10, 2020 Fluor Corp (NYSE: FLR) Q3 2020 earnings call dated Dec. 10, 2020 Corporate Participants: Jason Landkamer -- Director, Investor Relations Carlos M. Hernandez -- Chief Executive Good day and welcome to Fluor Corporation's Second Quarter 2019 Earnings Call. Fluor Corp (NYSE:FLR)Q3 2020 Earnings CallDec 10, 2020, 8:30 a.m. I hope that answers your question. Stock Advisor launched in February of 2002. So if I highlight the two biggest, the Purple Line being pulled out of backlog. Moving to Slide 10. Today's conference is being recorded. So I think If you take in my opening comments and try to think — if you take the $68 million and you take the FX impact out of it, you take the investigative costs out of that, you’re down at about $30 million number. Thanks. The other business, life sciences, going very well. Prepared Remarks: Operator. In May, the … We believe that our clients will focus on advantaged, high value projects that can generate returns in a weak commodity price environment. Mr. Hernandez, at this time, I will turn back the conference to you for any additional or closing remarks. We expect to see margins increase as we wrap up these projects and are working through a healthier backlog. Got it. Can you just talk about conceptually what signpost we should look forward to see when you folks might be deploying capital, again once we are continuing with the turnaround here? The module offloading facility, all roads and bridges required to transfer the modules to site will be ready in advance of receiving the first module in 2021. But we're engaged in some discussions right now with clients to resolve them to this point and then reserve the right to further negotiate down the road additional impacts. And Carlos, thanks for all your help throughout this as well. This quarter, our Infrastructure segment booked the Oak Hill Parkway highway project in Austin for the Texas Department of Transportation. Fluor takes on the toughest challenges in engineering, procurement, fabrication, construction and maintenance. This is especially apparent in oil and gas, and we will see a shift toward other business units until some of our larger clients feel comfortable reinvest in capital. At 15? Right now, we're nominally about $500 million that we're going to be pulling from previous backlog into 2021 and beyond. This transcript is produced by AlphaStreet, Inc. We'll take our next question from Jamie Cook with Credit Suisse. Infrastructure, we defined our -- that we're going to restrict our bidding to jurisdictions where the Department of Transportation executes projects or advances projects in a way that's fair and [Indecipherable] to us and for contractors in general, and we've been successful. For our lost projects, we have approximately $100 million left to fund in the fourth quarter, and then marginal — and then a marginal impact beyond this year. The majority of our projects have continued to safely and successfully progress in the field, and the projects we identified as problem projects last year have been holding to their revised cost forecast and schedule. A telephone replay will also be available for seven days through a registration link, also accessible on Fluor… Pile capping, concrete foundations placement and paving has started for train one. I've known David for many years. The web replay will be available for 30 days. The two biggest numbers that — two biggest projects that are contributing to the backlog rolling into ’21 are Green Line in Bergstrom and Bergstrom is 35% complete and — excuse me, Bergstrom is 80% complete and Green Line is 35% complete. This segment includes the fixed price Radford and Warren projects that were previously part of the Government segment as well as our NuScale initiative. Understood. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. Fluor Corp (NYSE: FLR) Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. Thanks for that question, Andy. In October, the project completed the final key lift module delivery for the project on plan. I’ve known David for many years. FLR And I think in the past you guys have quantified something like $200-plus million of proceeds from AMECO. The Motley Fool - FLR earnings call for the period ending September 30, 2020. The web replay will be available for 30 days. You can find a discussion of our risk factors, which could potentially contribute to such differences in the company's Form 10-Q filed earlier today. And just a point of clarification, it's not just the force majeure plan, it's something we call change of law because many of the impacts are the result of government directed lockdown. We believe that's a reasonable expectation. I am pleased to say that over the past month we have started to see these projects remobilize and expect to see revenues follow suit as they get fully back online. Fluor last issued its earnings data on December 10th, 2020. As a reminder, because these projects have been written down to zero margin, they continue to reduce our overall margins since revenue and costs are recognized on the dollar for dollar basis. Furthermore, we continue to have extensive and ongoing communications with our banking community. So is that the way to think about E&C margin generally going forward? January 08, 2020 04:20 PM Eastern Standard Time . And I think the position that we're in now that Carlos has gotten us to will allow us to start slowly at first, but to gain momentum and in a staged process for a very strong forward strategy together. So we expect that that’s going to be a challenging area for a little while. We greatly appreciate your support of Fluor. Outside of NuScale, what are the company’s capabilities today spilling the beans on the Strategy Day? Questions and Answers. Also solidifying our balance sheet and both looking to improve our credit ratings is important to us. As of today, we are over 19,000. I'd like to start by providing an update on the effects of the pandemic on our operations as well as discuss -- as we will discuss in greater detail. In Diversified Services, reduced business volumes as a result of the COVID-19 continued to impact results in the third quarter. In fact, we had set a target of $100 million. And so backlog will decline somewhat, but it will be good backlog. Well, in Energy & Chemicals, we didn't specifically mention this today, I just want to mention now. But I do think it's going to be -- I think it is exciting, the opportunities that we have in front of us. Call Participants. Operating revenues fell 65% year-over-year to $4 billion. And then maybe one more quickly for Joe. A telephone replay will also be available for 7 days through a registration link, also accessible on Fluor's website at investor.fluor… Fluor Corporation to Hold 2019 10K Earnings Conference Call Thursday, 17 September 2020 yahoo. We remain committed to the health and safety of our employees and communities where we work. I think you guys mentioned that $500 million number for the Infrastructure segment, specifically. Thanks, Jason, and good morning, everyone. ET Prepared … We have a lot of strength in the company. The problem is that obviously we don’t know what the final COVID impacts are going to be until we get past the pandemic. And even year-to-date, the cash from ops, it looks like the $144 million is up from a year ago, even with some of the losses that you guys talked about this year. Actually we've viewed a number of prospects in the mining area as we have a process of very disciplined about how we guide on whether to bid a project or not to bid a project and then what we submit as a proposal. Moving to capital structure and liquidity. Fluor Corporation Earnings call transcriptions Compare. We believe that we’ve got strong liquidity right now, as Carlos said, to be able to manage the business, to be able to — face with the — growth prospects and to be able to have funds for any eventuality. 16 pages (11294 words) — Published May 04, 2017. A telephone replay will also be available for seven days through a registration link, also accessible on Fluor’s website at investor.fluor… Thanks for squeezing me in. Hi. I think that we did call it out to kind of take a look at the nine months run rate, Andy. Michael Dudas -- Vertical Research Partners -- Analyst. Yeah. Fluor said that given the results and the ongoing strategic review of its business, it was withdrawing all previous earnings guidance for 2019. Yeah. So yes, I'm optimistic that mining will actually begin to resurface as a major activity area for us. But the Direct Finance Corporation of U.S. announced lifting their prohibition on lending for nuclear projects internationally. I think the — several things have happened over the last six months that have been incredibly positive for the NuScale business and its development. I strongly believe I'm leaving the company stronger and more resilient than when I was named CEO in May of 2019. But you did mention sort of a little bit more spend in mining, I think over the last month. If we just took the third quarter face value and adjust it for tax and G&A, it implies like a $0.50 number. Currently, we will exit — for the $2.1 billion, about 36% of that is readily available domestic cash. I’ve got two here. We are monitoring restrictions in various states and countries with rising cases, and we’ll keep you updated on any major impacts to our business that we might see. But you did mention sort of a little bit more spend in mining, I think over the last month. Warren has had an effective construction campaign through the summer and fall weather window, overcoming early design complications and making substantial progress with early structural work. Price US$ 54.00 | Buy this Report Now. Major construction activities include seven modules on foundations, completion of metering stations and continued completion of power and control scopes. ET. Thanks for that question. There’s lots going on there. Fluor Corp Q3 2017 Earnings Call Transcript. We are just significantly closer to the North American sale than we are the South American sale, but still slated for first half of '21 for North America. In fact, we had set a target of $100 million. [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. Currently, we will exit -- for the $2.1 billion, about 36% of that is readily available domestic cash. And it's hard to resolve them because the impacts are still ongoing in some cases -- in many cases. 2019-08-02 seekingalpha.com - Good day, and welcome to the Fluor Corporation’s Second Quarter 2019 Earnings Call. And before giving you some general comments about the fourth quarter and 2021, I wanted to provide a quick update on the sale of our AMECO equipment rental business. If you go back into the 3% — nominally 3.1% run rate in E&C and you view some of the impacts that are dragging that number down to the 3%, they’re really non-recurring issues. Good morning, gentlemen. And with this question, I guess, the fact that the cash balance has been relatively stable over the last 12 months yet your backlog is under pressure in new orders. Is it Justin, sorry? The timing is the issue and getting these projects onboard as well as investors onboard is taking a lot of our attention. In recent months, the 4 analysts from Standard & Poor's consensus... | January 10, 2021 Yes, hi. SA Transcripts. Good morning. Any reproduction, redistribution or retransmission is expressly prohibited. Finally, our offshore project work continues and we are still planning to complete the fabrication and pre-commissioning work in 2021. Today's conference is being recorded. And even year-to-date, the cash from ops, it looks like the $144 million is up from a year ago, even with some of the losses that you guys talked about this year. ET Prepared … Fluor Corp (FLR) Q3 2020 Earnings Call Transcript The Motley Fool. And I think that the discussions are very collaborative for the most part. That was certainly not an easy task here. Although we did see increased project execution activity on our LNG project, the effects of COVID and normal project adjustments were reflected in Q1 because of our delayed reporting schedule this year. Yeah. Fluor Corporation (FLR) CEO Carlos Hernandez on Q3 2020 Results - Earnings Call Transcript. I'll take the first one. Edited earnings call transcripts of Fluor Corporation (FLR) stock You got the $18 million from the Jamaica piece, which was obviously a small piece. 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