Learn More ... 2020 Q2 Earnings Documents By signing up to receive our newsletter, you agree to our, Fluor announced the SEC was investigating, Data center construction market continues to boom, flickr user U.S. Customs and Border Protection, Border wall breakup: What would happen if Biden becomes president, AECOM sues Zurich for payment of COVID-19 property damage claims, 2021 outlook: Top cities to watch for construction, 5 international projects to watch in 2021, The 13 construction sectors contractors expect to shrink in 2021, Multiply Business Growth in a Pandemic Economy With CRM Technology, The Ultimate Construction Accounting Guide, How Technology is Helping Contractors Thrive in the New Normal, Walbridge Names John Rakolta III President, New device to get EV charging capability in apartment and condo buildings, Senate Democrats may merge stimulus and infrastructure bills into one massive package, Air Cargo Construction Is Booming, Thanks to Amazon. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The free newsletter covering the top industry headlines, 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 $. The SEC review is still ongoing, executive chairman Alan Boeckmann said during the call. 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. The quarter, which ran from Jan. 1 to March 31, includes activity from before the coronavirus set in across world markets. GTII Q2 2020 Earnings Highlights. If Joe Biden wins and makes good on his promise to stop the construction of the U.S.-Mexico border wall, the contractors involved won't have options other than packing up and going home. Fluor (FLR) Q2 Earnings: Disappointment in the Cards? ET. Biden will ask OSHA to reconsider decision to skip emergency coronavirus standards, Warehouse rents could slow their climb in 2021 as construction boosts supply. XL Fleet (NYSE:XL) Stock: The Next Big EV Company? ET. Fluor Reports Second Quarter 2020 Results. Why is there a lumber shortage in the U.S.? Net loss from continuing operations was $171 million, or $1.22 per diluted share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Government reported a profit of $31 million in the first quarter of 2020 compared to $38 million in the first quarter of 2019. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Get prepared with Benzinga's ultimate preview for Fluor's Q2 earnings. Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2020. In May, the company announced that it received a Justice Department subpoena seeking documents relating to charges reported by the company during the second quarter of 2019. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. UPDATE: Nov. 13, 2020: Flour announced financial results for its second quarter of 2020 this week, saying that revenue for the quarter was $4.1 billion and net loss from continuing operations was $27 million. The dark blue line represents the company's actual earnings per share. Fluor has generated $2.99 earnings per share over the last year. Fluor works with clients in diverse industries around the world to design, construct and maintain their capital projects. “That's not to say its end markets are conducive, because they are not, but the lack of material cash burn disclosed with the company's last update still remains a notable positive.”. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Want to see which stocks are moving? Fluor Corp Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. "We're having conversations with our clients on the best path forward to success in this environment and are providing notices asserting our rights under change of law and force majeure provisions," he said. - August 2, 2016 - Zacks.com EquipmentShare Employees Log Enough Steps to Walk 38 Laps Around the Earth Through 2020 Well... EquipmentShare Opens Third Location in Southwest Houston to Provide Innovative Solutions for... Survey: Is US political unrest harmful to construction? Earlier this year, Fluor announced the SEC was investigating its past accounting and financial reporting, and that due to the investigation, the company would be delayed in filing conclusive full-year financial statements. Energy & Chemicals reported a loss of $6 million in the first quarter of 2020 compared to a profit of $12 million in the first quarter of 2019. Learn more. In addition, new awards for the second quarter were $2.2 billion and ending backlog was $29 billion. Eps - earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. Earnings and Revenue. Results for the quarter includes $30 million of foreign currency transaction losses, $22 million of NuScale expenses and $19 million of internal investigation expenses. Fluor has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Friday, September 24th, 2021 based off prior year's report dates. This compares to earnings of $0.81 per share a year ago. -Revenue: $4.09 billion in Q2 vs. "Pressure on commodity prices has pushed a number of our pre-COVID prospects further into the future and will require further adjustment to our business model," he said. This quarterly report represents an earnings surprise of … Looking for new stock ideas? Poshmark's shares soar in debut to public markets. © American Consumer News, LLC dba MarketBeat® 2010-2021. To see all exchange delays and terms of use please see disclaimer. The chart below shows up to four years of a company's earnings history. Learn about financial terms, types of investments, trading strategies and more. Fluor Corphas not confirmed Earnings date and time yet. Diversified Services reported a profit of $5 million in the first quarter of 2020 compared to $9 million in the first quarter of 2019. Baird senior research analyst Andrew Wittmann said the Q1 results bring “nothing new to the table,” which will most likely please investors of the firm, which has been beset by internal and federal investigations into its accounting and financial practices. He indicated that rising material costs are a problem as well. Mining & Industrial reported a profit of $39 million in the first quarter of 2020 compared to a profit of $28 million in the first quarter of 2019. New awards of $1.6 billion included a large metals project in North America. Fluor Corporation (FLR) is set to report second-quarter 2016 results, after the closing bell on Aug 4. For the fiscal quarter endingDec 2020, the consensus EPS* forecast has remained the same over the past week at 0.11 and decreased over the past month from 0.24 to 0.11 (54.17%). View our full suite of financial calendars and market data tables, all for free. ET. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Its revenue was down 17.8% compared to the same quarter last year. sec lending Advisory and other revenue Distribution fees Q2 2020 Quarterly revenue ($ in millions) $124 $(62) Q2 2020 compared to Q2 2019 Q2 2020 compared to Q1 2020 6 Percentage Change Year-over-Year Sequential Fluor (FLR) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.52 per share. Ken Lockwood – Vice President, Investor Relations Alan Boeckmann – Chairman and CEO Key Elements to Include in Your Next Construction Project Contract, How Technology Can Help Your Firm Succeed in 2021, Design Assist and Delegated Design: Exploring Collaborative Concepts, The Ultimate Guide to Benchmarking Construction Workflows, Dayne Brassard Named as Tilden-Coil’s Fifth President Since 1938. David E. Constable, a member of the Fluor board of directors, will take over on Jan. 1, succeeding Carlos Hernandez, who will retire as CEO and a member of the board at the end of the year. View which stocks are hot on social media with MarketBeat's trending stocks report. Fluor ranks 181 on the FORTUNE 500 ® list, and employs a workforce of more than 45,000 worldwide. (RTTNews) - Below are the earnings highlights for Fluor Corp. (FLR): -Earnings: -$27 million in Q2 vs. -$393 million in the same period last year. Topics covered: commercial, infrastructure, design, green, regulation, multifamily construction, and more. Fluor Corp. analyst estimates, including FLR earnings per share estimates and analyst recommendations. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended March 31, 2020. Wall Street analysts see Fluor reporting earnings of 52 cents per share on revenue of $4.70 billion. Generated total revenue of $119.6 million, up 16.6% quarter over quarter and 167.5% over the previous year; Recorded adjusted operating EBITDA of $35.4 million, up 38.6% quarter over quarter; Posted a net loss of $12.9 million or ($0.06) per share; 2020 first-half revenue and adjusted EBITDA higher than all of 2019 The effects of coronavirus-induced challenges will most likely show up in Fluor's Q2 and Q3 reports as well. Q2 2019 Q2 2020 Book value per share 1 See definition of Adjusted Net Income, Adjusted Diluted Earnings per Share and Adjusted Return on Shareholders’ Equity in the Company’s 2020 Second Quarter Report. See what's happening in the market right now with MarketBeat's real-time news feed. Fluor Corp (FLR) Q4 2019 Earnings Call Transcript ... Q4 2019 Earnings Call Sep 25, 2020, 8:30 a.m. Webcasts Year - Any - 2021 2020 2019 2018 2017 2016 2015 … Export data to Excel for your own analysis. UPDATE: Nov. 13, 2020: Flour announced financial results for its second quarter of 2020 this week, saying that revenue … 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. Fluor last posted its earnings data on December … Q2 2020 $3,524 $3,648 $60 $48 $41 $3 $(14) $(14) Q2 2019 Securities lending Performance fees Technology services revenue Base fees ex. 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. Consolidated segment profit for the quarter was $61 million, compared to a loss of $393 million a year ago. The company said it expects to report second quarter results in approximately four weeks and third quarter results four weeks after that. Q2 2020 Earnings Release | Q2 2020 Balance Sheet Highlights 9 Q2 2020 Q1 2020 Q2 2019 Cash and Cash Equivalents(1) $393M $294M $295M Working Capital Turns 6.6x 6.8x 7.7x Days Sales Outstanding 65 59 57 Inventory Turns 4.5x 4.6x 5.2x Total Debt Principal Amount $1.56B $1.40B $1.48B Net Leverage(2) 3.6x 2.8x 2.6x MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Fluor draws on expertise from across the entire project scope, including engineering, procurement, fabrication, construction and maintenance to reduce risks, compress schedules, increase quality and lower costs. In an investor call earlier this month to announce 2019 earnings, Fluor said that it had suspended its guidance for 2020 due to "a significant shift in end markets in 2020 driven by volatility in commodity prices and the global disruption from the COVID-19 pandemic.". Fluor last announced its earnings data on December 10th, 2020. Fluor reports delayed Q2 2020 results, $4.1B in revenue. Fluor (FLR) Reports Third-Quarter 2020 Results Fluor Corporation reported third-quarter earnings of 14 cents per share, which missed the Zacks Consensus Estimate of 30 cents by 53.3% and decreased 80.3% year over year. New awards were $4.2 billion — up 24% from $3.4 billion in Q1 2019 — and ending backlog was $31.4 billion. Results for the quarter reflect the impact to its operations due to a severe downturn in the economy related to COVID-19, the company said in a press statement. 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