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Jun 30, 2020

Fluor Q2 2020 Earnings Report

Fluor reported a net loss of $27 million on revenue of $4.1 billion for Q2 2020.

Key Takeaways

Fluor's Q2 2020 results reflect the impact of the COVID-19 related economic downturn with revenue of $4.1 billion and a net loss of $27 million, or $0.19 per share.

Revenue for the quarter was $4.1 billion.

Net loss from continuing operations attributable to Fluor was $27 million, or $0.19 per share.

New awards for the second quarter were $2.2 billion.

Ending backlog was $29.0 billion.

Total Revenue
$4.09B
Previous year: $4.09B
-0.1%
EPS
-$0.19
Previous year: $1.46
-113.0%
Backlog
$29B
Gross Profit
$67.5M
Previous year: -$612M
-111.0%
Cash and Equivalents
$128M
Previous year: $1.86B
-93.1%
Free Cash Flow
$99M
Previous year: $56.2M
+76.0%
Total Assets
$7.24B
Previous year: $8.98B
-19.4%

Fluor

Fluor

Forward Guidance

Although Fluor has suspended its guidance for 2020, the company expects to report third quarter results and hold its next call with the investment community in approximately four weeks.