Fluor Q3: Net income $22M ($0.08 EPS); $107M in legacy infrastructure adjustments; backlog up 30% to $25.4B

FLUOR CORP

2023-Q3 EPS reported $0.74 revenue$10,034,000,000

Revenue $3.6B; net income from continuing ops $22M ($0.08 diluted EPS); adjusted EPS $0.07.
New awards $9.7B (second largest quarter ever), 91% reimbursable; backlog $25.4B (+30% QoQ).
Three legacy infrastructure projects drove $107M in adjustments: I-635 ($64M), Gordie Howe ($22M), LAX APM ($21M).
Q4 guidance: adjusted EPS $0.50-$0.60, adjusted EBITDA $125M-$150M.
Urban Solutions segment loss $54M vs profit $18M a year ago; Energy Solutions profit $59M vs $72M.

item 2.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FLUOR CORP reported third quarter ended September 30, 2022 results: revenue $3.6 billion, net income $22 million, EPS $0.08 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $3.6 billion
Net income: $22 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

Fluor Corporation (NYSE: FLR) announced financial results for its third quarter ended September 30, 2022. Revenue for the quarter was $3.6 billion and net income from continuing operations attributable to Fluor was $22 million, or $0.08 per diluted share.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FLUOR CORP: Amended and restated bylaws to enhance stockholder nomination procedures, update provisions regarding adjournment and stockholder list, and make administrative changes (effective 2022-11-02).

Change: bylaw amendment
Effective: 2022-11-02

Exact text from the filing

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year. On November 2, 2022, the Board of Directors (the “ Board ”) of the Company approved an amendment and restatement of the Company’s Amended and Restated Bylaws (as so amended and restated, the “ Amended Bylaws ”), which became effective the same day, in order to: • enhance the procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of stockholder proposals at stockholder meetings (other than proposals to be included in the Company’s proxy statement pursuant to Rule 14a-8 under the Exchange Act), including without limitation, by: ◦ requiring a stockholder delivering a notice pursuant to the advanced notice provisions of the Amended Bylaws to comply with the requirements of Rule 14a-19 of the Exchange Act and make related undertakings, including to provide reasonable evidence that the undertakings have been satisfied; ◦ requiring additional

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

FLUOR CORP filing history →

Source: SEC EDGAR

accession 0001628280-22-028338

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.