8-K
filed May 5, 2023, 7:59 PM ET
ticker FLR
CIK 0001124198
earnings
confidence high
sentiment negative
materiality 0.70
Fluor Q1 revenue $3.8B (+20% YoY) but net loss $107M on $80M project charges
FLUOR CORP
2024-Q1 EPS reported
-$0.82
revenue$3,752,000,000
- Revenue $3.8B, up 20% YoY; net loss attributable to Fluor $107M ($0.82 EPS).
- Consolidated segment loss $15M vs $115M profit a year ago; adjusted EPS $0.28.
- New awards $3.2B, 81% reimbursable; backlog impacted by legacy projects.
- Charges of $80M on two legacy projects and $60M impact from AMECO South America sale.
- Company reaffirms 2023 and 2026 adjusted EPS and adjusted EBITDA guidance.
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 first quarter ended March 31, 2023 results: revenue $3.8 billion, net income $107 million, EPS $0.82 per diluted share. Guidance reaffirmed.
- Period
- first quarter ended March 31, 2023
- Revenue
- $3.8 billion
- Net income
- $107 million
- EPS
- $0.82 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Fluor Corporation (NYSE: FLR) announced financial results for its first quarter ended March 31, 2023. Revenue for the quarter was $3.8 billion and net loss attributable to Fluor was $107 million, or $0.82 per diluted share.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLUOR CORP shareholders approved Election of nine director nominees to serve until the 2024 annual meeting at the 2023-05-03 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The final voting results for the nine director nominees described in the 2023 Proxy Statement were as follows: Director Nominee For Against Abstain Broker Non-Votes Alan M. Bennett 105,764,232 6,983,172 151,433 12,584,076 Rosemary T. Berkery 106,548,271 6,188,327 162,239 12,584,076 David E. Constable 110,774,960 1,971,068 152,809 12,584,076 H. Paulett Eberhart 96,570,854 16,170,073 157,910 12,584,076 James T. Hackett 107,690,194 5,066,533 142,110 12,584,076 Thomas C. Leppert 108,973,896 3,767,942 156,999 12,584,076 Teri P. McClure 108,994,139 3,749,104 155,594 12,584,076 Armando J. Olivera 108,851,624 3,895,190 152,023 12,584,076 Matthew K. Rose 108,223,096 4,513,031 162,710 12,584,076
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLUOR CORP shareholders approved Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm at the 2023-05-03 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The final voting results for proposal 4 described in the 2023 Proxy Statement were as follows: Proposal For Against Abstain Broker Non-Votes Ratification of the appointment of Ernst & Young LLP 118,246,712 6,916,751 319,450 –
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLUOR CORP shareholders approved Advisory vote to approve the frequency of future advisory votes to approve the Company's executive compensation at the 2023-05-03 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The final voting results for proposal 3 described in the 2023 Proxy Statement were as follows: Proposal 1 Year 2 Year 3 Year Abstain Advisory vote to approve the frequency of future advisory votes to approve the Company’s executive compensation 110,389,669 126,620 2,161,707 220,841 2
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLUOR CORP shareholders approved Advisory vote to approve the Company's executive compensation at the 2023-05-03 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The final voting results for proposal 2 described in the 2023 Proxy Statement were as follows: Proposal For Against Abstain Broker Non-Votes Advisory vote to approve the Company’s executive compensation 100,090,596 12,339,976 468,265 12,584,076
View on SEC.gov
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