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Dec 31, 2019
Fluor Q4 2019 Earnings Report
Announced financial results for the year ended December 31, 2019.
Key Takeaways
Fluor Corporation reported a net loss from continuing operations of $1.7 billion for 2019, compared to earnings of $9 million in 2018. Revenue for 2019 was $14.3 billion, with new awards totaling $12.6 billion and ending backlog at $31.9 billion.
Net loss from continuing operations was $1.7 billion, or $11.97 per diluted share.
Revenue from continuing operations reached $14.3 billion.
New awards from continuing operations and government were $12.6 billion.
Ending consolidated backlog was $31.9 billion.
Fluor
Fluor
Forward Guidance
The Company is suspending all previously issued 2020 guidance due to a significant shift in end markets driven by volatility in commodity prices and the global disruption from the COVID-19 pandemic.