Earnings Conference Call Fluor Corporation Third 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…
Third Quarter 2014 Highlights Net earnings attributable to Fluor from continuing operations were 183 million, or 1.15 per diluted share, compared with 173 million, or 1.05 per diluted share a year ago Consolidated segment profit was…
Third Quarter 2014 Financial Performance Quarter Ended ( in millions, except EPS) 9/30/2013 9/30/2014 Revenue 6,684 5,440 Segment Profit 311 335 Net Earnings* 173 183 EPS (diluted) 1.05 1.15 New Awards 5,606 6,011 Backlog 36,481…
Third Quarter 2014 Summary Oil & Gas New awards of 4.5 billion Refinery project in Malaysia for Petronas Fort Hills oil sands project in Canada Ending backlog of 26.5 billion, up 41 percent from a year ago Sizable prospects in U.S.,…
Third Quarter 2014 Summary Industrial & Infrastructure New awards of 460 million Includes a number of small mining and industrial services awards Backlog of 8.7 billion, down from 13.8 billion a year ago Decline driven by continued…
Third Quarter 2014 Summary Government New awards of 700 million; ending backlog 5.2 billion Approximately 400 million for DOEs Paducah Gaseous Diffusion Plant in Kentucky LOGCAP IV expected to moderate downward in 2015 to…
Third Quarter 2014 Summary Overall revenue was down fairly significantly y-o-y, mainly due to mining & metals Oil & Gas revenue improved 12 percent compared to last year, and 15 percent over last quarter Continue to execute a…
Third Quarter 2014 Summary Corporate G&A expenses were 35 million, down from 46 million a year ago Mainly the result of lower stock price-driven compensation costs Effective tax rate was approximately 33 percent, increased from 29…
Third Quarter 2014 Summary Other Matters Discontinued Operations: Doe Run - Recorded additional after-tax charge in Q3 Entered into a settlement agreement with counsel for a number of plaintiffs Expected to result in cash outflows…
Corporate Items Cash plus current and non-current marketable securities of 2.4 billion; down from 2.7 billion last quarter Cash flow from operating activities declined modestly compared to last quarter due to increase in working…
Backlog Contract Type & Region Backlog 45 42.3 40.2 40.3 40 18% 36.5 82% 34.9 35 30 25 Reimbursable Fixed Price 20 15 33% 10 28% 5 9% 30% 0 9/30/13 12/31/13 3/31/14 6/30/14 9/30/14 United States The Americas (excluding…
Outlook Narrowing 2014 EPS guidance to range of 4.10 to 4.30 per diluted share, from previous range of 4.10 to 4.45 per diluted share Establishing 2015 EPS guidance range of 4.50 to 5.00 per diluted share Reflects rising backlog and…
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