secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001628280-23-015983
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor Q1 revenue $3.8B (+20% YoY) but net loss $107M on $80M project charges
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000162828023015983/0001628280-23-015983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000162828023015983/flr-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015983

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer