Earnings Conference Call Fluor Corporation Second Quarter 2014 HO20140013 1
Safe Harbor Statement Any forward-looking statements (including without limitation statements to the effect that the company or its management believes, expects, anticipates, plans, or other similar expressions) made in this presentation…
Second Quarter 2014 Highlights Net earnings attributable to Fluor from continuing operations were 163 million, or 1.02 per diluted share, compared with 161 million, or 0.98 per diluted share a year ago Consolidated segment profit was…
Second Quarter 2014 Financial Performance Quarter Ended ( in millions, except EPS) 6/30/2013 6/30/2014 Revenue 7,190 5,252 Segment Profit 288 313 Net Earnings* 161 163 EPS (diluted) 0.98 1.02 New Awards 7,194 5,863 Backlog 37,049…
Second Quarter 2014 Summary Oil & Gas New awards of 1.5 billion Delayed coking unit for refinery in Belgium Additional work on the Santos gas processing facility in Australia EPC for a reverse osmosis project in Saudi Arabia LNG…
Second Quarter 2014 Summary Industrial & Infrastructure New awards of 1.2 billion Includes EPCM of a large manufacturing facility in the U.S. Backlog of 9.2 billion, down from 16.2 billion a year ago Decline driven by lack of…
Second Quarter 2014 Summary Government New awards of 3.1 billion; backlog of 5.2 billion New awards include 2.2 billion for the Magnox nuclear decommissioning project in the U.K.; approximately 820 million for LOGCAP IV task order…
Second Quarter 2014 Summary Oil & Gas revenue flat compared to last year, with modest increase over last quarter Substantial amount of FEED activity in Oil & Gas and strong performance contributing to higher margins Revenue will…
Second Quarter 2014 Summary Effective tax rate was approximately 32 percent Expect tax rate for remainder of year between 32 and 33 percent Recorded after tax loss from discontinued operations of 85 million, or 0.54 per diluted…
Corporate Items Cash plus current and non-current marketable securities of 2.7 billion 239 million in positive cash flow from operating activities in 2Q Approximately 650 million in cash returned to shareholders over the last 12…
Backlog Contract Type & Region Backlog 45 40.2 40.3 20% 40 37.0 36.5 80% 34.9 35 30 25 Reimbursable Fixed Price 20 15 31% 30% 10 5 5% 34% 0 6/30/13 9/30/13 12/31/13 3/31/14 6/30/14 United States The Americas (excluding…
Outlook Results for first six months consistent with expectation of lower revenue and improved margins Improved EPS expected in second half of 2014 Primarily driven by continuing strength in Oil & Gas Maintaining full year guidance…
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