We’re burning some of that backlog, obviously, we’re not replacing the entire backlog. Right now, we’re nominally about $500 million that we’re going to be pulling from previous backlog into 2021 and beyond. Prepared Remarks: Operator. Although we did see increased project execution activity on our LNG project, the effects of COVID and normal project adjustments were reflected in Q1 because of our delayed reporting schedule this year. This is particularly evident when you look at the Infrastructure segment. And then just... One more point on that, Steven. This segment includes the fixed price Radford and Warren projects that were previously part of the Government segment as well as our NuScale initiative. He truly knows our company inside and out, and I wish him all the best in his role. And Texas is certainly one of those and there are several other states that we've mentioned in the past where we've been able to complete projects successfully for both the clients and for us. I'd like to now speak a bit about the CEO succession. NYSE; Przemysł; Construction & Engineering; Recent call transcripts of Fluor Corporation. This project has now been removed from our backlog. I can give you a sense. I’ll now turn the call over to Carlos Hernandez, Fluor’s Chief Executive Officer. ET. We are monitoring restrictions in various states and countries with rising cases, and we'll keep you updated on any major impacts to our business that we might see. The timing is the issue and getting these projects onboard as well as investors onboard is taking a lot of our attention. MotleyFool 30d. Can you just help us understand, you said the projects are on — the problem projects are on schedule and you haven’t had material charges. The changes we made in this company were necessary to set us up for the next chapter. And with this question, I guess, the fact that the cash balance has been relatively stable over the last 12 months yet your backlog is under pressure in new orders. So I would suggest that's probably a better number to utilize moving forward. A telephone replay will also be available for seven days through a registration link, also accessible on Fluor’s website at investor.fluor… Turning to Slide 3. Since that approval, we have seen an increase in interest from potential customers, capital investors, manufacturers and supply chain partners to move forward in our development effort who is pleased to support NuScale's effort in creating a carbon-free power solution, and we look forward to discussing our opportunities in the near future. To date, impacts from COVID have been relatively modest and schedule impacts have been effectively mitigated. And thanks to all of you for participating on our call today. Please go ahead, Mr. Landkamer. We're very pleased with the execution of all of our projects given what we took over in May of '19. Good afternoon, and welcome to the Fluor Corporation's First Quarter 2019 Earnings Conference Call. Today's call is being recorded. I can talk top-line on Purple Line. But do you think you’re going to start off with the year say 20% newer project mix and by the end of ’21 that becomes 80%? No, that’s helpful. Today's conference is being recorded. I think the way it probably will play out in LNGC is we'll probably have a partial resolution with respect to the impacts to date. I really appreciate it. Sure. Our non-cash compensation expense in the fourth quarter will reflect the delayed filing of the 10-K and will increase our G&A expense for the quarter. 20? All right. The other thing that happened is DOE announced $1.4 billion award, a grant award for the first nuclear project to use small molecular reactors, and right now that's targeted for the U.S. project to drive it forward. Our team around the world has worked tirelessly over the last several months to get us to this point, and we are proud and grateful for the diligence and hard work. I know that some of you remember David when he was last with the company. Can you give us a little more color into how you and your customers are adjusting to COVID-related delays, especially in your problem projects? Fluor Reports … If you go back into the 3% -- nominally 3.1% run rate in E&C and you view some of the impacts that are dragging that number down to the 3%, they're really non-recurring issues. Fluor slips after Q3 miss; says current with all financial filings . So it’s both of those decisions that give us the basis for resolution. Fluor Corporation (NYSE:FLR) Q1 2019 Earnings Conference Call - Final Transcript Ladies and gentlemen, please standby. What do you need to see before we’re deploying cash as a completion of LNG Canada? Revenue and segment profits were negatively impacted as execution activities will deferred on a few large mining projects due to the COVID-19 pandemic. Any context you can provide there on that? But we are talking with at least two other clients with potential imminent projects coming up within 2021. Yeah. So we don't think that will change at all. Can you just talk about conceptually what signpost we should look forward to see when you folks might be deploying capital, again once we are continuing with the turnaround here? And a follow-up, Carlos. I don’t know if you can answer it. And Alan, I would think that the incoming administration would be net positive toward this, I would think, given decarbonization, but I don't know if you have any observations there? Yeah. And we have some opportunities I think to address the market that are coming forward and where we have strength that hadn’t necessarily put the focus on them in the past. So if you normalize those out, we're closer to the 5% range. There is an inherent risk that actual results and experience could differ materially. Good morning. What we did take out of backlog was $543 million. In the meantime, I’ve been working closely with David to ensure a smooth transition. I think that we did call it out to kind of take a look at the nine months run rate, Andy. As an investor, I look forward to seeing great things in Fluor's future. ET. And when we talked about to Jamie's question earlier, the 3.1% margin like year-to-date E&C, it actually sounds like it's higher if we exclude some charges. Hi. G&A also reflects $19 million of investigation expenses. And Carlos, congratulations on really stabilizing the business and the financials. And that's going to be a very important part of the going forward strategy. Follow. Contents: Prepared Remarks. This approval establishes NuScale as the preeminent leader in the small modular reactor technology market, and allows Fluor to respond to customers looking for unique, flexible, safe and carbon-free energy solution. The web replay will be available for 30 days. And we’ve seen over the last — even during this last administration, a very strong bicameral support for this effort. This segment includes the fixed price Radford and Warren projects that were previously part of the Government segment as well as our NuScale initiative. 10 December 2020: Q3 2020 Earnings Call Transcript Q4 2019. And even year-to-date, the cash from ops, it looks like the $144 million is up from a year ago, even with some of the losses that you guys talked about this year. Yes, hi. Infrastructure, we defined our — that we’re going to restrict our bidding to jurisdictions where the Department of Transportation executes projects or advances projects in a way that’s fair and [Indecipherable] to us and for contractors in general, and we’ve been successful. There is no question that there will be compensation to the contractor for impacts beyond our control. (Ope rator Instructions) A replay of today's conference will be available at approximately 10:30 a.m. Eastern time today, accessible on Fluor's website at investor.fluor.com. Fluor Corp (NYSE: FLR) Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. The margin forecast for the Radford and Warren projects continue to remain relatively flat. The challenges the company has faced over the last 18 months from project writedowns and internal investigation to a global pandemic have been truly extraordinary. We are well positioned to win these projects when our clients are ready to proceed. It operates through the following four segments: Energy & Chemicals, Mining, Industrial, Infrastructure &; Power, Diversified Services and Government. As with all our articles, AlphaStreet, Inc. does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. If we just took the third quarter face value and adjust it for tax and G&A, it implies like a $0.50 number. Fluor Corp (NYSE: FLR) Q2 2019 Earnings Call Aug 1, 2019, 5:30 p.m. Thanks. It’s great to be talking with all of you again, and I’m pleased to report back with this morning’s 10-Q filing. This is a transcript of that earnings call: Company Participants Geoff Telfer; Fluor Corporation; Investor Relations David Seaton; Fluor Corporation; Chairman & CEO Biggs Porter; Fluor Corporation; CFO But what's the dollar amount now associated with the problem projects that's in backlog? He has a deep understanding of our operations and opportunities and has a particular focus on effective risk management. And have customers in general agreed to the new completion dates and/or agreed to force majeure as you talked about or might we see more noise around some of your projects until COVID stays? The Flour-led JV is 98% complete with engineering and construction in Tengiz is over 50% complete. And the changes he put in place have quickly filtered across the Company. The Radford project is nearly complete with the site teams rapidly working off to punch list items. And just one last clarification, I know you were talking about the potential to resolve COVID project delays. Can you just help us understand, you said the projects are on -- the problem projects are on schedule and you haven't had material charges. I’ll try turning it over again so my colleagues get a chance. SA Transcripts. No, I can speak to the cash side of it. A telephone replay will also be available for seven days through a registration link, also accessible on Fluor… The site preparation and piling work for train one is complete, and train two is well underway. I'll now turn the call over to Carlos Hernandez, Fluor's Chief Executive Officer. This is especially apparent in oil and gas, and we will see a shift towards other business units until some of our larger clients feel comfortable reinvest in capital. 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