Loading...
•
Sep 30, 2020
Fluor Q3 2020 Earnings Report
Fluor's financial performance for Q3 2020 was announced, revealing a profitable quarter despite ongoing challenges.
Key Takeaways
Fluor Corporation reported revenue of $3.8 billion and net earnings of $19 million, or $0.14 per share, for the quarter ended September 30, 2020. New awards totaled $1.7 billion, and the ending backlog reached $27.8 billion. The company had no material project execution charges for the third consecutive quarter.
Revenue for the quarter was $3.8 billion.
Net earnings from continuing operations attributable to Fluor was $19 million, or $0.14 per share.
New awards for the third quarter were $1.7 billion.
Ending backlog was $27.8 billion.
Revenue by Segment
Forward Guidance
Fluor expects to report fourth quarter results and 2021 guidance in February 2021 and anticipates its cash balance to remain around $2 billion through the end of the year. COVID-19 continues to impact the business as clients defer capital investment decisions and the pandemic has slowed down the ability to fully staff and execute projects.
Challenges Ahead
- COVID-19 continues to impact the business.
- Clients are deferring capital investment decisions.
- The pandemic has slowed down the ability to fully staff projects.
- The pandemic has slowed down the ability to execute projects.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...