The NRC remains on track to complete its review by September 2020, and our first potential customer is planning a 12-module SMR plant in Idaho. So not all the actions that we took will result in negative cash flow. View First Quarter 2019 Earnings Release 843 KB. That being said, we want to make sure that this investment is operated and structured in a manner that allows us to achieve appropriate returns. Although this project has taken -- was taken into backlog at the end of 2018, we have completed additional reviews and can confirm that LNG Canada conforms to the revised risk criteria we announced today. And even when we have a quantifiable advantage, it's going to be when there's a very limited slate of competitors. Lastly, you'll hear from Mike Steuert, our Chief Financial Officer, as he provides a financial update and his initial priorities. These include Texas, Arizona, California, Virginia and North Carolina. Or did you have to kind of rush it at all to kind of be prepared for today? Jason Landkamer – Director-Investor Relations. These restructuring efforts respond to a shift in the type of services demanded by our clients. Due to legal and right-of-way delays, we have revised our project forecast based on increases to our cost forecast and changes to the time line. That's taken a tremendous amount of effort this quarter. During third-quarter 2019, Fluor management planned to divest the company’s government and AMECO equipment businesses. We have -- the integrated delivery model is something that we're going to continue to have available to us. Can you help us understand that? We have started conversations with our partner on how to best restructure this investment to bring in new work on a profitable basis, while reducing our exposure. Fluor (FLR) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.38 per share. Fluor Corp (NYSE: FLR) Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. Fluor Corp (FLR) Q4 2019 Earnings Call Transcript. Cumulative Growth of a $10,000 Investment in Stock Advisor, Fluor Corp (FLR) Q2 2019 Earnings Call Transcript @themotleyfool #stocks $FLR, Fluor Corp (FLR) Q3 2020 Earnings Call Transcript, 3 Big Reasons Fluor Stock Jumped 52.2% in November, Why Shares of Construction and Materials Companies Are Falling Today, Why Fluor Stock Jumped 28.8% in October and Is Rallying Further, Copyright, Trademark and Patent Information. Or would you start considering repatriating some of the foreign domiciled cash? [Operator Instructions] A replay of today's conference call will be available at approximately 8:30 p.m. Eastern Time today, accessible on Fluor's website at I do believe that what we're going to do, and our actions will actually help drive some momentum in that regard. And we'll take our next question from Tahira Afzal with KeyBanc Capital Markets. Q2 2019 earnings call July 31, 2019 . Okay. But before we get to the quarterly results, I want to update the investment community about recent actions by the Fluor Board of Directors. Contents: Prepared Remarks. The last part of our review was regarding our current portfolio of businesses. 2018. Okay. Reconciliations of historical non-GAAP amounts to the comparable GAAP measures are reflected in our earnings release and posted in the Investor Relations section of our website at Our earnings announcement was released this afternoon. As a result of the revised and approved design guidelines, we determined, in the quarter, that we will not be able to meet the completion deadline as indicated in our contract. Okay. Some will result in positive cash flow in the future. This compares to earnings of $0.55 per share a year ago. Okay. Carlos, Mike and I are committed to doing just that. Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its 2019 10-K for the period ended December 31, 2019. We're going to actually be cashing in some insurance policy. And with that, I'll now turn the call over to Carlos to talk more about our operations, progress on changing our strategy, and what he's been doing to meet the Board's expectations. Act -0.14 Est 0.518 Q1 2019 Fluor Corp Earnings Call 05/02/2019 05:30 PM (EDT) FLR. We expect to book both awards in the third quarter. Before getting started, I'd like to refer you to our safe harbor note regarding forward-looking statements, which is summarized on slide two. Exiting these low to negative margin markets will result in a restructuring charge of approximately $120 million, with $37 million recognized this quarter. Article Stock Quotes (1) FREE Breaking News Alerts from! But other companies are joining us, quite rightly, but I think we can lead that effort with our brand and with our global reach. Logo of jester cap with thought bubble. We didn't give out specific numbers, but some of the charges relate to cost growth. Terry has been operationally responsible for 11 infrastructure projects over the last 10 years. And as a result of that, we're taking a charge of about $109 million and taking some positive -- and receiving some positive cash flow. And that's not to say that we won't be doing that for the next several quarters or -- to a project completion. At yesterday's board meeting, the Board formed a risk committee, led by Jim Hackett. But you should rest assured that we're looking at the entire portfolio. Some other -- or something else being driven by this? Today's call is being recorded. Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its fourth quarter and year ended December 31, 2020. And the -- and we don't have a quantifiable advantage. We greatly appreciate your support of Fluor. And that's not to say, as you know, we can't say that everything is done on each of these projects. Good evening everyone. Third quarter results were a net loss You highlighted some, but there were more in infrastructure, you didn't highlight the number. For this commercial client, Fluor is providing EPC services for several new structures on an existing site. Carlos M. Hernandez — Chief Executive Officer. That doesn't mean that we're not going to pursue those change orders at a later date, but we thought it was prudent to do so at this time. Finally, we have moved risk management under longtime Fluor executive, Garry Flowers, and expanded his authority to enhance reporting and accountability of this group.