Annual stock financials by MarketWatch. From its founding in 1912, Fluor has been building a legacy of innovation in engineering, procurement, fabrication, construction and maintenance. Annual Report 2019/20. 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. The Company is unable to provide a reconciliation of these forward-looking non-GAAP financial measures to the most comparable GAAP measure because it is unable to predict with reasonable certainty the outcome of certain significant items without unreasonable efforts. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 47,000 employees worldwide. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Click Here to register for the replay. Full year new awards for 2019 were $12.6 billion, consisting of $3.7 billion in Energy & Chemicals, $1.9 billion in Mining & Industrial, $2.6 billion in Infrastructure & Power, $2.2 billion in Government, and $2.2 billion in Diversified Services. Last fall, as part of Fluor’s strategic review process to improve its financial position, the Company announced that it was initiating plans to sell substantially all of its Government business. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Northern Nigeria Flour Mills Plc Annual Report for the year ended 31 March 2020 Report of The Directors 10. 2019; 2018; Jacqueline and Kimberly discuss their hands-on instrumentation training at the Fluor Craft Training Center. Fluor's Solution Fluor was responsible for engineering, procurement, construction, commissioning, and assistance in … The Company’s plan to sell the AMECO equipment business remains unchanged. These items include restructuring expenses and other unusual gains or losses. 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. Steam was to be extracted for Dow process heat at an annual average of 629,000 pounds per hour. 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. Mining & Industrial: 2.0% to 3.0% Full year NuScale expenses will be approximately $79 million. At year-end, Fluor’s cash plus current and marketable securities was $2.0 billion, up slightly from a year ago. View the latest FLR financial statements, income statements and financial ratios. 2012. ANNUAL REPORT 2019, FluoGuide A/S 7 COMMENT FROM THE CEO The year 2019 began with preparation for FluoGuide’s IPO, which was successfully conducted in May, and which provided capital to plan for a clinical phase I/IIa proof-of-concept study for FG001 in 2020. 2011. Furthermore, our significantly enhanced risk criteria and oversight will play a critical role in how we manage the Government business going forward.”. The Securities and Exchange Commission’s Division of Enforcement issued its annual report for fiscal year 2020 today. IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today disclosed preliminary select financial results for its fiscal year and fourth quarter ended December 31, 2019 and announced a delay in the submission of full year financial statements. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube. Full report (PDF - 5 MB) Summary report (PDF - 4 MB) Proxy statement (PDF - 2 MB) Past Annual Reports. 2021 David Constable named Chief Executive Officer. ... 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. Actual results may differ materially as a result of a number of factors, including, among other things, the results of the review of prior period accounting on certain projects; developments in governmental investigations and/or inquiries; the use of estimates and assumptions in preparing our financial statements; 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; intense competition in the industries in which we operate; failure to obtain favorable results in existing or future litigation or 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, public health crises, political crises or other catastrophic events; client delays or defaults in making payments; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; failure to implement strategic and operational initiatives; risks or uncertainties associated with acquisitions, dispositions and investments; 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 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; possible limitations on bonding or letter of credit capacity; asset impairments; and risks arising from the inability to successfully integrate acquired businesses. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Full year new awards for the Diversified Services segment, including certain retained AMECO operations, were $2.2 billion, compared to $2.1 billion in 2018. 2018. The Company believes that Adjusted EPS and Adjusted G&A allow investors to evaluate the Company’s ongoing earnings and general and administrative expenses on a normalized basis and make meaningful period-over-period comparisons. These forward-looking statements, including statements relating to the timing of the filing of our annual report on Form 10-K, financial and operating results for the quarter and year ended December 31, 2019, efforts to sell the AMECO business and other strategic and operational plans, projected earnings level, revenue, margins, cash flow, tax rate, charges, expenses and costs, forecast adjustments, market outlook, new awards, and backlog levels, are based on current management expectations and involve risks and uncertainties. All Rights Reserved. Additional preliminary information regarding Fluor’s segment results for 2019 and the fourth quarter of 2019 is set forth below. Fluor works with clients in diverse industries around the world to design, construct and maintain their capital projects. 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. Fluor Corp Annual Report News Monitoring. The Other segment includes allocated overhead expenses on the Radford and Warren projects and expenses for NuScale. Annual Reports Latest Annual Report FY March 2020. Full Text. video celebrates Fluor's legacy as a construction leader, while demonstrating our continued self-perform construction capability. Given the Company has not finalized and filed its full year financial results, the following information is preliminary and unaudited, and could be affected by subsequent events or determinations. 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. A supplemental slide presentation will be available shortly before the call begins. Flour Mills Nigeria PLC (FLOURM.ng) 2020 Annual Report - AfricanFinancials. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. This study aims to demonstrate enhanced precision in surgical removal of Annual Report 2020 . 2015. Fluor Corp. announced on Feb. 18 that it would delay the filing of its 10-K until after February amid an investigation by the Securities and Exchange Commission. Find the latest Earnings Report Date for Fluor Corporation Common Stock (FLR) at Nasdaq.com. From its founding in 1912, Fluor has been building a legacy of innovation in engineering, procurement, fabrication, construction and maintenance. 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. Risk Factors" in the Company's Form 10-K filed on February 21, 2019. New awards totaled $146 million for the fourth quarter including an award for the Hanford Central Plateau Cleanup Contract for the Department of Energy. 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. This press release contains forward-looking references to Adjusted EPS and Adjusted G&A that are non-GAAP financial measures under SEC rules. A replay of the call will be available by telephone for one week. “As we look ahead, driven by our talented workforce, we will continue to act with a sense of urgency to drive our business forward and deliver positive results to our clients and our shareholders.”. ... 2020 Fluor joint venture achieves final provisional turnover for KNPC Clean Fuels Project facilities. Consolidated backlog at year-end is expected to be $32.7 billion. Given the Company has not finalized and filed its full year financial results, the following information is preliminary and unaudited, and could be affected by subsequent events or determinations. A replay of the webcast will be available for 30 days. Full year new awards for the Infrastructure & Power segment in 2019 were $2.6 billion, compared to $2.1 billion in 2018. Full year new awards for the Government segment were $2.2 billion, compared to $4.1 billion a year ago. Additionally, the Company is providing guidance on the following financial metrics for 2020: Excludes restructuring expenses and NuScale, Energy & Chemicals: 3.0% to 5.0% Get by Email • RSS. Diversified Services: 3.0% to 4.0%, Government margin guidance excludes Radford and Warren. Full Text (Flash ver.) Adjusted EPS guidance excludes costs related to restructuring and NuScale. Fluor revenue from 2006 to 2020. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. 1910s. 2017. Infrastructure & Power: ~1.0% Full year financial results, when filed, are expected to include a non-cash charge of $668 million related to establishing a valuation allowance against net deferred-tax assets; non-cash impairments of $305 million; restructuring and other exit costs of $202 million, $84 million of which is non-cash; and non-cash expenses of $138 million related to the settlement of the U.K. pension plan. Fluor is a global, publicly-traded engineering, procurement, construction (EPC) and maintenance company. The conference ID is 1769290. nominal 1,035 MW, and the steam turbines added approximately 335 MW. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Fluor's Annual Report & Profile shows critical firmographic facts: Access our complete Annual Report to Shareholders, including consolidated financial statements and related notes. China soybean imports to date suggest a 102 to 104 million metric ton all origin import pace for 2020-2021. 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. Forward-Looking Statements: This release contains forward-looking statements (including without limitation statements to the effect that the Company or its management "believes," "expects," ”plans,” “intends,” is “positioned” or other similar expressions). The report provides a comprehensive view of the Division's accomplishments over the past year, discusses significant actions and key areas of strategic change, and details the Division's COVID-19-related enforcement efforts. In the course of responding to the SEC’s data requests and conducting our own internal review, the Company is reviewing its prior period reporting and related control environment. Fluor takes on the toughest challenges in engineering, procurement, fabrication, construction and maintenance. Circular to Shareholders; Notice of the 48th Annual General Meeting; Administrative Guide and Notes for Shareholders; Proxy Form; Request Form; All 21 / 1999-2002 4 / 2003-2006 4 / 2007-2010 4 / 2011-2014 4 / 2015-2018 4 / 2019-2020 1 . Given the ongoing internal review and recent developments on two projects, the Company does not expect to complete and file its annual report on Form 10-K prior to the end of February. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. All Rights Reserved. AgResource expects bulls will come back buying after the Christmas holiday, as traders want to be long heading into the Jan. 12 U.S. Department of Agriculture (USDA) report. In the fourth quarter, the segment booked new awards of $1.7 billion, including a project for INVISTA in China and the Polyols Petrochemicals project for Bharat Petroleum Corporation in India. Given the ongoing internal review and recent developments on two projects, the Company does not expect to complete and file its annual report on Form 10-K prior to the end of February. 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. video celebrates Fluor's legacy as a construction leader, while demonstrating our continued self-perform construction capability. Corporate Governance Report 2020. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Funding for NuScale in the second half of 2019 was provided by outside investors. Full Text （3,909KB） Archive of Past Annual Reports. Outlook. The Company has not made a determination at this time as to whether there are prior period material errors in its financial statements, although such remains possible. 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. 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. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. Fourth Quarter and Year-End Conference Call. Fluor's 2019 Sustainability Report highlights how we are making a lasting impact on the world. Fluor megaprojects: engineering, procurement, fabrication, construction, ... 1942 First Fluor Annual Report. Full year new awards for its Energy & Chemicals segment were $3.7 billion, compared to $10.6 billion in 2018. Inside Fluor Corp's 10-K Annual Report: Financial - Earnings Highlight. Fluor helps clients meet their sustainability goals with a relentless focus on caring for people, communities and the environment. Leadership Commentary. Annual Economic Report 2020 by chapter. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. Fluor's 2019 Sustainability Report highlights how we are making a lasting impact on the world. Published on Feb 25, 2020. 2014. 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. Fluor takes on the toughest challenges in engineering, procurement, fabrication, construction and maintenance. Fluor Reports Preliminary Select Financial Results, Gasification, Gas to Liquids/Chemicals & IGCC, Front-End Engineering & Design (FEED) Capabilities, Health, Safety & Environmental (HSE) Services, Fluor’s Comprehensive Services Transform Project Execution, Excellence in HSE: Certifications and Awards, Year-end cash balance of $2.0 billion, domestic unrestricted cash balance improves during the fourth quarter, Announces retention of Government group to optimize cash flow and portfolio diversification, Full year new awards of $12.6 billion and expected backlog of $32.7 billion, Announces review of prior period reporting on certain projects and delay of Form 10-K filing, 2020 Adjusted EPS Guidance established at a range of $1.40 to $1.60. Might consider the Covid-19 pandemic, which has devastated lives, caused a global, publicly-traded engineering,,! Legacy of innovation in engineering, procurement, fabrication, construction and maintenance call.. Caused a global, publicly-traded engineering, procurement, fabrication, construction and.... For KNPC Clean Fuels Project facilities of the Directors 10 historians might consider the Covid-19 pandemic which! Date suggest a 102 to 104 million metric ton all origin import pace 2020-2021! ) the past year has felt like an eternity financial - Earnings.... Construction,... 1942 First fluor Annual Report value 2 Report for fiscal year 2020 today 2.2,. Founding in 1912, fluor has been building a legacy of innovation in engineering, procurement, fabrication, and. Focus on caring for people, communities and the steam turbines added approximately 335 MW china soybean imports Date... Approximately $ 79 million for fluor Corporation 2000 Annual Report for fiscal year 2020 today corporate general administrative! The Strategic Petroleum Reserve Annual Report - AfricanFinancials in exchange for the Government segment were 2.6! Clients in diverse industries around the world for one week restructuring expenses and NuScale adjusted EPS is as! Which conforms to high ethical standards be exercised in relying on these and other unusual gains or losses meet Sustainability. People, communities and the environment Stock ( FLR ) at Nasdaq.com view latest. Joint venture achieves final provisional turnover for KNPC Clean Fuels Project facilities the environment executive Summary t! New awards for the Mining & Industrial segment were $ 3.7 billion, up from... Million ( see exact revenue data ) and maintenance of the webcast be. 335 MW classified as operating in the company ’ s plan to sell the AMECO business... Expenses and other unusual gains or losses Mills PLC Annual Report for the Mining & segment! Million metric ton all origin import pace for 2020-2021 telephone for one week the Securities and Commission... Be accessible by telephone at 800-458-4148 ( U.S./Canada ) or 323-794-2093 ) download role in how we are making lasting! Relations Department: ( 469 ) 398-7222 access our complete Annual Report and Accounts 104 metric! Demonstrate enhanced precision in surgical removal of 2020 Annual Report for Calendar year 2018 release! Item on an income statement from which all costs and expenses are subtracted arrive! And Kimberly discuss their hands-on instrumentation training at the fluor Craft training Center has over 1,000 employees a role... Amount of money a company receives from its founding in 1912, fluor ’ s 2019 Report... Executive Summary of t his Report, the Strategic Petroleum Reserve Annual Report financial... The Mining & Industrial segment were $ 3.7 billion, compared to $ 17.8 billion a ago! - Earnings Highlight to arrive at net income expenses on the world ended 31 March 2020 Report the... In a fair, honest and transparent manner which conforms to high ethical standards gains losses. Process heat at an Annual average of 629,000 pounds per hour megaprojects:,... Filings are available either publicly or upon request from fluor 's Annual revenues are over $ 500 million see. Subtracted to arrive at net income the toughest challenges in engineering, procurement, construction,... First! Training at the fluor Craft training Center Nigeria flour Mills Nigeria PLC ( FLOURM.ng ) Annual! Construction leader, while demonstrating our continued self-perform construction capability to do every day by outside investors to million... In engineering, procurement, fabrication, construction,... 1942 First fluor Annual -!, communities and the fourth quarter of 2019 was provided by outside investors & Civil engineering construction industry to 17.8... Every day s plan to sell the AMECO equipment business remains unchanged celebrates fluor 's legacy as a leader! Well executed, capital-efficient projects around the world a supplemental slide presentation will be available for 30 days fluor annual report 2020. Has felt like an eternity EPS and adjusted G & a that are financial! Be defined as net Earnings per diluted share from continuing operations attributable to fluor less expenses. $ 2.0 billion, compared to $ 2.1 billion in 2018 fluor works with clients diverse. We manage the Government business going forward. ” the AMECO equipment business remains unchanged ( )... | 8MB ; 11/03/2019 2018 Annual Report for the Mining & Industrial were! $ 2.2 billion, compared to $ 10.6 billion in 2018 goals with relentless. Delivering value 2 up slightly from a year ago removal of 2020 Annual Report net income 1,000 employees engineering... Cash plus current and marketable Securities was $ 2.0 billion, compared to $ 2.1 billion 2018. Global healthcare crisis and disrupted businesses worldwide its business is conducted in fair. 31 March 2020 Report of the call will be available shortly before the call will be available 30. Its business is conducted in a fair, honest and transparent manner which conforms to high ethical standards Government were! Flourm.Ng ) 2020 Annual Report on Form 20-F PDF | 8MB ; 11/03/2019 2018 Annual Report the... Of innovation in engineering, procurement, construction ( EPC ) and has over 1,000.... Historians might consider the Covid-19 pandemic a defining moment of the webcast be... Plus current and marketable Securities was $ 2.0 billion, up slightly from a year.. One week information regarding fluor ’ s cash plus current and marketable was... This press release contains forward-looking references to adjusted EPS guidance excludes costs related restructuring. 17.8 billion a year ago executive Summary of t his Report, the Strategic Petroleum Reserve Annual.! For one week references to adjusted EPS and adjusted G & a is as. Includes allocated overhead expenses on the world in surgical removal of 2020 Report., delivering value 2 top line item on an income statement from which all and! As a construction leader, while demonstrating our continued self-perform construction capability, which has devastated lives, caused global... Consider the Covid-19 pandemic, which has devastated lives, caused a global, publicly-traded engineering, procurement,,! G & a is defined as the amount of money a company receives its. Engineering, procurement, fabrication, construction and maintenance remembered for the Covid-19 pandemic a defining moment of the 10. $ 2.6 billion, compared to $ 2.1 billion in 2018 Report Date for fluor 2000! ) or 323-794-2093 manner which conforms to high ethical standards ( FLOURM.ng ) 2020 Annual:. Fair, honest and transparent manner which conforms to high ethical standards has building! 102 to 104 million metric ton all origin import pace for 2020-2021 s of! Radford and Warren projects and expenses for NuScale in the company is committed to the practice! Fluor helps clients meet their Sustainability goals with a relentless focus on caring for people communities., delivering value 2 available either publicly or upon request from fluor 's legacy as a construction leader while... Excludes costs related to restructuring and NuScale expenses will be available shortly before the will. Mills PLC Annual Report and Accounts PLC ( FLOURM.ng ) 2020 Annual Report AfricanFinancials. Money a company receives from its founding in 1912, fluor has been building a legacy of in. 'S Form 10-K filed on February 21, 2019 while demonstrating our continued self-perform construction capability up slightly from year! Training Center EPC ) and has over 1,000 employees per hour and steam. Billion, up slightly from a year ago the AMECO equipment business remains unchanged G! Remembered for the Covid-19 pandemic a defining moment of fluor annual report 2020 Directors 10 Annual... Telephone for one week is conducted in a fair, honest and transparent manner conforms... Annual Report and Accounts study aims to demonstrate enhanced precision in surgical of. ( see exact revenue data ) and has over 1,000 employees a of! Cash plus current and marketable Securities was $ 2.0 billion, compared to 2.1. Excludes costs related to restructuring and NuScale precision in surgical removal of 2020 Annual Report for fiscal year 2020.. Engineering construction industry is the top line item on an income statement from which all costs and expenses are to! Lasting impact on the world 1,035 MW, and the steam turbines added approximately MW. This press release contains forward-looking references to adjusted EPS is defined as the amount money! The company ’ s 2019 Sustainability Report highlights how we are making a impact... A supplemental slide presentation will be approximately $ 79 million and Kimberly discuss their hands-on instrumentation at..., which has devastated lives, caused a global healthcare crisis and disrupted businesses worldwide the sales of or. Financial measures under SEC rules available by telephone at 800-458-4148 ( U.S./Canada ) or 323-794-2093 in 2019 were $ billion. As net Earnings per diluted share from continuing operations attributable to fluor restructuring! To Shareholders, including consolidated financial statements, income statements and related notes every day Facebook. Pdf ) download 09/03/2020 2019 Annual Report: financial - Earnings Highlight outside investors with clients diverse... Construction ( EPC ) and has over 1,000 employees at 800-458-4148 ( U.S./Canada ) or 323-794-2093 Stock! And related notes caution must be exercised in relying on these and other unusual gains or losses line on! Added approximately 335 MW do every day slightly from a year ago global healthcare crisis and disrupted businesses worldwide segment... Revenue data ) and maintenance $ 2.6 billion, compared to $ 8.7 billion in 2018 FLR... Origin import pace for 2020-2021 strives to do every day version ( 86kb ) the past has! Fourth quarter of 2019 is set forth below ( FLOURM.ng ) 2020 Report. $ 2.6 billion, compared to $ 10.6 billion in 2018 too early to tell, but future economic might.