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Fluor Corp (FLR) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

SEC Filings

Fluor Corp

CIK: 1124198 Ticker: FLR

 

Exhibit 99.1

 

Fluor Corporation Brian Mershon  
6700 Las Colinas Blvd Media Relations  
Irving, Texas 75039 469.398.7621 tel  
     
469.398.7000 main tel Jason Landkamer  
  Investor Relations  
  469.398.7222 tel  

 

 

News Release        

 

FLUOR REPORTS FIRST QUARTER 2021 RESULTS

 

·New awards of $3.7 billion in the quarter include significant projects in all three segments
   
·First quarter revenue of $2.9 billion reflects COVID-19 related delays on certain projects
   
·Q1 2021 loss per share from continuing operations of $0.43; adjusted EPS from continuing operations of $0.07
   
·Company announces NuScale’s engagement with financial advisory firm to explore financing options for industry-leading clean energy small modular reactor technology

 

IRVING, TX (May 7, 2021) - Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2021. Revenue for the quarter was $2.9 billion and the net loss from continuing operations was $61 million, or $0.43 per diluted share. Earnings attributable to Fluor were negatively impacted by $68 million as a result of NuScale expenses and other adjustments (outlined in the table at the end of this release). Excluding these items, adjusted earnings per diluted share were $0.07. Consolidated segment profit for the quarter, which includes NuScale expenses, was $60 million compared to $55 million in the first quarter of 2020.

 


The following information was filed by Fluor Corp (FLR) on Friday, May 7, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Fluor Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheet - Unaudited
Condensed Consolidated Statement Of Cash Flows - Unaudited
Condensed Consolidated Statement Of Changes In Equity - Unaudited
Condensed Consolidated Statement Of Comprehensive Income (Loss) - Unaudited
Condensed Consolidated Statement Of Operations - Unaudited
Consolidated Balance Sheet - Unaudited (Parenthetical)
Consolidated Statement Of Changes In Equity - Unaudited (Parenthetical)
Cash Paid For Interest And Taxes
Cash Paid For Interest And Taxes (Details)
Cash Paid For Interest And Taxes (Tables)
Contingencies And Commitments
Contingencies And Commitments - Narrative (Details)
Contract Assets And Liabilities
Contract Assets And Liabilities (Details)
Contract Assets And Liabilities (Tables)
Debt And Lines Of Credit
Debt And Lines Of Credit (Tables)
Debt And Lines Of Credit - Narrative (Details)
Debt And Lines Of Credit - Schedule Of Debt (Details)
Derivatives And Hedging
Derivatives And Hedging - (Tables)
Derivatives And Hedging - Gains (Losses) Associated With Fair Value And Cash Flow Hedges (Details)
Derivatives And Hedging - Narrative (Details)
Derivatives And Hedging - Notional Amounts And Fair Values (Details)
Discontinued Operations
Discontinued Operations - (Tables)
Discontinued Operations - Assets And Liabilities Held For Sale (Details)
Discontinued Operations - Cash Flows Information Related To Discontinued Operations (Details)
Discontinued Operations - Financial Information Of Discontinued Operations (Details)
Discontinued Operations - Narrative (Details)
Discontinued Operations - Schedule Of Impairment Expense (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share - (Tables)
Fair Value Measurements
Fair Value Measurements - (Tables)
Fair Value Measurements - Financial Instruments Not Required To Be Measured At Fair Value (Details)
Fair Value Measurements - Recurring Basis (Details)
Guarantees
Guarantees - Narrative (Details)
Impairment, Restructuring And Other Exit Costs
Impairment, Restructuring And Other Exit Costs - (Tables)
Impairment, Restructuring And Other Exit Costs - Restructuring Liability (Details)
Impairment, Restructuring And Other Exit Costs - Schedule Of Impairment (Details)
Income Taxes
Income Taxes - Narrative (Details)
Operating Information By Segment And Geographic Area
Operating Information By Segment And Geographic Area - (Tables)
Operating Information By Segment And Geographic Area - External Revenue And Total Assets By Geographic Area (Details)
Operating Information By Segment And Geographic Area - Narrative (Details)
Operating Information By Segment And Geographic Area - Reportable Segments (Details)
Operating Information By Segment And Geographic Area - Total Assets (Details)
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) - (Tables)
Other Comprehensive Income (Loss) - Changes In Aoci Balances By Component (Details)
Other Comprehensive Income (Loss) - Significant Items Reclassified Out Of Aoci (Details)
Other Comprehensive Income (Loss) - Tax Effects Of Components Of Other Comprehensive Income (Loss) (Details)
Partnerships And Joint Ventures
Partnerships And Joint Ventures - Narrative (Details)
Partnerships And Joint Ventures - Variable Interest Entities (Details)
Principles Of Consolidation
Recent Accounting Pronouncements
Recent Accounting Pronouncements - (Policies)
Remaining Unsatisfied Performance Obligations
Remaining Unsatisfied Performance Obligations - (Tables)
Remaining Unsatisfied Performance Obligations - Narrative (Details)
Remaining Unsatisfied Performance Obligations - Schedule Of Remaining Performance Obligation (Details)
Retirement Plans
Retirement Plans - (Tables)
Retirement Plans - Net Periodic Pension Expense And Narrative (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Schedule Of Performance-Based Awards Granted (Details)
Ticker: FLR
CIK: 1124198
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-21-009434
Submitted to the SEC: Fri May 07 2021 7:04:16 AM EST
Accepted by the SEC: Fri May 07 2021
Period: Wednesday, March 31, 2021
Industry: Heavy Construction Other Than Bldg Const Contractors

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