NYSE$FLR

Fluor Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Announced financial results for the year ended December 31, 2019.

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.

Headline financials

Total Revenue

$3.73B

Previous: $4.8B-22.4%
EPS (adj)

$0.10

Previous: $0.77-87.0%
Total Backlog

$31.9B

No prior period
Capital Expenditures

$40.8M

Previous: $62.3M-34.6%
Free Cash Flow

$111M

Previous: $111M+0.2%
Net Income

-$1.7B

Previous: $50.2M-3483.4%
Operating Income

-$76.6M

Previous: $152M-150.4%
Gross Profit

$128M

Previous: $176M-27.2%
Cash & Equivalents

$2B

Previous: $1.76B+13.3%
Total Assets

$7.97B

Previous: $8.88B-10.3%
Stock-Based Comp

$8.56M

Previous: $8.29M+3.2%

Revenue & EPS history

Fluor · Revenue · Quarterly

$3.73B

Q4 2019-22.4%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Fluor · $3.96B total across 4 segments · Q3 2023

  • Energy Solutions
    $1.55B-2.4%
  • Urban Solutions
    $1.43B+45.7%
  • Mission Solutions
    $655M+2.5%
  • Other
    $324M-18.8%

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-1.8%

Avg return

Earnings day

-2.7%

Avg return

5 days after

+1.7%

Avg return

30 days after

40%

29 / 73 earnings

Positive

+14.1%

Q3 2021

Best reaction

-30.3%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-11.8%-6.9%
Q4 2025+7.0%+18.1%+5.3%
Q3 2025+2.7%+2.6%-1.4%
Q1 2025-0.1%-2.7%+16.2%
Q4 2024-8.4%-13.1%-13.2%
Q3 2024-15.5%-14.6%-5.3%
Q2 2024-2.6%-1.6%+5.5%
Q1 2024-5.4%-7.0%+5.2%
Q4 2023-15.0%-12.0%-2.8%
Q3 2023+2.7%-1.1%+12.6%
Q2 2023+10.1%+13.6%+14.8%
Q1 2023-0.6%-1.8%+7.7%
Q4 2022-2.8%-2.4%-19.8%
Q3 2022+13.6%+7.4%+19.3%
Q2 2022-3.4%+1.2%+1.1%
Q1 2022-3.2%+0.8%+9.4%
Q4 2021+0.0%+3.9%+43.2%
Q3 2021+14.1%+9.8%+10.6%
Q2 2021+3.3%+9.4%-0.8%
Q1 2021-0.1%-2.5%-17.3%
Q4 2020-13.3%-9.2%+12.2%
Q3 2020-8.1%-5.7%-4.0%
Q2 2020+0.1%+4.7%+25.4%
Q1 2020+4.5%-3.4%+33.2%
Q4 2019-2.1%-5.8%+30.5%
Q3 2019-4.0%-1.1%-10.0%
Q2 2019-30.3%-36.2%-45.6%
Q1 2019-25.1%-24.6%-29.2%
Q4 2018+1.8%+1.6%-5.6%
Q3 2018+4.8%+9.8%-6.7%
Q2 2018+8.9%+10.3%+12.4%
Q1 2018-22.1%-24.0%-16.6%
Q4 2017-0.3%+0.9%-3.0%
Q3 2017+6.6%+9.4%+10.8%
Q2 2017-8.6%-10.6%-11.9%
Q1 2017-6.5%-6.1%-11.6%
Q4 2016+0.3%+5.1%-1.2%
Q3 2016-13.0%-13.4%+3.8%
Q2 2016-1.8%-1.7%-1.4%
Q1 2016-4.5%
Q4 2015-2.3%
Q3 2015+1.2%
Q2 2015-7.2%
Q1 2015-3.7%
Q4 2014+3.2%
Q3 2014+1.2%
Q2 2014-2.4%
Q1 2014-0.3%
Q4 2013+0.7%
Q3 2013-1.5%
Q2 2013+6.3%
Q1 2013+6.5%
Q4 2012-4.1%
Q3 2012-6.9%
Q2 2012+4.3%
Q1 2012-1.5%
Q4 2011+3.8%
Q3 2011-1.3%
Q2 2011-5.4%
Q1 2011-3.0%
Q4 2007-2.6%
Q4 2010-2.6%
Q3 2010+10.0%
Q2 2010+1.5%
Q1 2010+1.1%
Q4 2009-5.5%
Q3 2008-2.2%
Q3 2009-2.2%
Q2 2009-7.3%
Q2 2008+1.1%
Q1 2009+1.1%
Q4 2008+1.1%
Q1 2008+1.1%

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