secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001628280-24-005450
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor reports FY2023 revenue $15.5B, net income $139M; backlog up 13% to $29.4B
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- Full-year adjusted EBITDA $613M, adjusted diluted EPS $2.73; net income $139M ($0.54 diluted).
- New awards of $19.5B with 87% reimbursable; backlog $29.4B, up 10%+ second consecutive year.
- Ended 2023 with $2.5B cash & marketable securities; revamped capital structure lowers interest expense.
- Prospect pipeline 15x ending backlog across all three segments; anticipates improved cash conversion in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000162828024005450/0001628280-24-005450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000162828024005450/flr-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005450

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