secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001628280-22-028338
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000162828022028338/0001628280-22-028338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000162828022028338/flr-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028338

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