Fluor Corporation

NYSE:FLR   12:23:26 PM EDT
11.45
+0.55 (+5.05%)
Accounting Issues/SEC Inquiries, Restructuring / Reorganization, Other Pre-Announcement

Fluor Announces Decision To Exit Competitive EPC Lump-Sum Bidding For Energy & Chemicals Segment

Published: 09/25/2020 11:09 GMT
Fluor Corp (FLR) - Fluor Reports Full Year 2019 Results.
Fluor Corp - Announces Decision to Exit Competitive Epc Lump-sum Bidding for Energy & Chemicals Segment.
Fluor Corp - Company Expects to Be Current in Financial Reporting by Year End.
Fluor Corp - In-depth Business Evaluation Underway, Working With Ad-hoc Board Committee.
Fluor Corp - Determined That Its Disclosure Controls and Procedures Were Not Effective Due to Existence of Material Weaknesses.
Fluor Corp - Fluor Has Restated Annual Financial Results for 2016, 2017, and 2018.
Fluor Corp - for Energy & Chemicals Segment Determined That It Will Only Pursue Reimbursable Or Open-book Lump-sum Conversion Engineering Prospects.
Fluor Corp - Has Restated Each of Interim Previously Issued Quarterly Periods for 2018 and 2019.
Fluor Corp - Adjustments Reduced Cumulative Pretax Earnings Reported Through September 30, 2019, by $3.8 Million.
Fluor Corp - Co is Suspending All Previously Issued 2020 Guidance.
Fluor Corp - Continues to Have Adequate Liquidity to Meet Its Operational and Project Needs.
Fluor Corp - Has No Amounts Drawn on Revolving Loans Under Its Committed Credit Facilities.
Fluor Corp - Expects to File Q1 2020 Results Within Next Month.
Fluor Corp - Suspended Dividend; on Track to Realize at Least $100 Million in Annual Savings by Year-end.
Fluor Corp - Expects Cash Balance to Be in the Range of About $2.1 Billion Through End of Year.