Any way you guys can kind of frame that for us and how to think about that and timeline? I’m wondering if we could just take a step back and talk about the balance sheet going forward now that the cash outflows are ramping up on the problem projects. Fluor is now current with its financials. I speak on behalf of the board when we say we fully support this appointment for the CEO position and are confident he is the right person to lead our Company. Thanks. So I think the actual unveiling of the markets we’re really going to tend to focus and push hard on. Thanks very much for taking my questions. On TCO, re-mobilization continues as the COVID situation in Tengiz and Western Kazakhstan has improved. I've known David for many years. And Carlos, congratulations on really stabilizing the business and the financials. Yeah. All right. Specifically, in Energy & Chemicals, it's important to note that our higher than normal operating margins for Q3 do not properly represent our performance in the quarter. Backlog that we’re taking in is very, very much based on the discipline that we’ve established early on in 2019. We are very well progressed in discussions on the North American side and continue to develop a transactional strategy for the South American side. 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. As of today, we are over 19,000. So you mentioned maybe 4% to 5%. The project successfully negotiated an extension of time order with the client mitigating risk of schedule damages. But is that still a reasonable number or is there anything that you can give us as an update about expectations for what the cash proceeds might be from that? Prepared Remarks: Operator. How big of an opportunity is it to rightsize the cost structure and rightsize the footprint? We continue to believe that we have ample liquidity to meet the demands of current projects and future prospects. Call Participants. Furthermore, we continue to have extensive and ongoing communications with our banking community. On an adjusted basis, the company reported earnings, BlackRock (NYSE: BLK) reported fourth-quarter 2020 financial results before the regular trading hours on Thursday. You can find a discussion of our risk factors, which could potentially contribute to such differences in the company's Form 10-Q filed earlier today. 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? We had signaled back in, I think September, Jamie, that we had nominally $400 million, it's about $438 million that we were going to expend on problem projects in 2020 and that there would be residual $200 million at that point in time based on a number of things that have occurred in the '21 and beyond. ET. The chemicals business is still a very steady business for us, and we don't expect to see a decline there. In October, the project completed the final key lift module delivery for the project on plan. Turnover of all systems and effective site demobilization is expected early next year. [Operator Instructions] A replay of today's conference will be available at approximately 10:30 AM Eastern Time today, accessible on Fluor's website at investor.fluor.com. Fluor Corp (NYSE:FLR) Q3 2020 Earnings Call Dec 10, 2020, 8:30 a.m. The public is invited to listen to the conference call on Friday, September 25, 2020, at 8:30 a.m. Eastern time with Executive Chairman Alan Boeckmann, Chief Executive And then obviously commodities have been rising relatively recently here. Edited earnings call transcripts of Fluor Corporation (FLR) stock. 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. And I'll echo the sentiment. Can you guys still hear me? And now moving to our Other segment on Slide 8. Fluor Corporation (NYSE:FLR) Q1 2019 Earnings Conference Call - Final Transcript Ladies and gentlemen, please standby. That has gotten a lot of attention and has resulted in probably two fairly good opportunities to turn into projects here within 2021. And he brings a unique combination of deep insight into Fluor and an outsider's perspective. The two biggest numbers that -- two biggest projects that are contributing to the backlog rolling into '21 are Green Line in Bergstrom and Bergstrom is 35% complete and -- excuse me, Bergstrom is 80% complete and Green Line is 35% complete. Please go ahead, Mr. Landkamer. And just one last clarification, I know you were talking about the potential to resolve COVID project delays. Mr. Hernandez, at this time, I will turn back the conference to you for any additional or closing remarks. I think the — several things have happened over the last six months that have been incredibly positive for the NuScale business and its development. But I do think it's going to be -- I think it is exciting, the opportunities that we have in front of us. Furthermore, we continue to have extensive and ongoing communications with our banking community. Jerry, I’d be glad to talk about that. Actually we've viewed a number of prospects in the mining area as we have a process of very disciplined about how we guide on whether to bid a project or not to bid a project and then what we submit as a proposal. 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. As we have previously discussed, in the third quarter, we terminated our contract with the Maryland Department of Transportation for the Purple Line project. Today's conference is being recorded. Jamie, with respect to your other question, your second question, we have been talking to customers really all along during this pandemic. We released our earnings statement earlier this morning and we are streaming a slide presentation on our website, which we will reference while making prepared remarks. Shall I just keep going? In terms of cash that we're going to spend, go ahead and answer. Thank you, operator. I'll now turn the call over to Carlos Hernandez, Fluor's Chief Executive Officer. Fluor Corp (NYSE:FLR) Q3 2020 Earnings Call Dec 10, 2020, 8:30 a.m. Calendar Earnings Calls Earnings Transcripts SEC Docs. That's really helpful. That’s good. Calendar Earnings Calls Earnings Transcripts SEC Docs. Q3 2020. Yeah. Please go ahead, Mr. Landkamer. So I think I don't want to be able to -- don't really want to say much more, but those are our main goals going through the strategy session. COOEC-Fluor Awarded Fabrication Contract for … Most foreign currency strengthened against the U.S. dollar in the quarter, resulting in the previously mentioned foreign currency loss of $30 million, which is driving up the corporate G&A expense. And we have launched new procedures, training and communications packages to help transition our people back to work safely and finish the year strong. New awards for the quarter include a cell-based influenza vaccine manufacturing facility in Australia. As we — as the world becomes more electrified and copper becomes more necessary, I expect that we will be seeing copper and coal projects coming up. Fluor Corporation (NYSE: FLR) today announced financial results for its quarter ended September 30, 2020. A telephone replay will also be available for seven days through a registration link, also accessible on Fluor’s website at investor.fluor.com. But again, to Alan’s comment, I don’t want to get out in front of Mr. Constable’s strategy meetings, but as we go through the strategy, we’ll probably have a review of what that cash balance needs to be to support the organization and the brick and mortar footprint and some of the other things that will be a fallout of what the new strategy is moving forward. In terms of the backlog, we're going to -- where are we now today, Joe? Fluor Corp (FLR) Q3 2019 Earnings Call Transcript FLR earnings call for the period ending September 30, 2019. But the impacts really that are driving the 3.1% cumulative margins through the first nine months are some of the disclosed COVID impacts. MotleyFool 30d. Yeah, that’s certainly important. Is margin being recognized above that range as you guys start to build out that project? Over 75% of our offices are open and operating at a reduced level of operations with the remaining offices still closed. I guess, anything we should be aware of that has benefited you this year that might reverse on the cash from op side in 2021? I don’t think any client is denying entitlements, but clients obviously will negotiate with us in terms of the amount and to scheduling cost. And so backlog will decline somewhat, but it will be good backlog. That’s all I have. So we expect that that's going to be a challenging area for a little while. That's good. Yeah. Got you. Can we wake up in the middle of 2021 or end of 2021 when the vaccine's out there, economy coming, yet there still are some litigation or charges? But I just wanted to understand how much of that zero margin work sort of rolls off and becomes a margin tailwind into 2021? Thanks for that question, Andy. Davidson & Co. Michael Dudas - Jefferies & Company, Inc. I think you can assume that there will be a focus on that. Good day and welcome to Fluor Corporation's Second Quarter 2019 Earnings Call. No, that’s helpful. We continue to believe that we have ample liquidity to meet the demands of current projects and future prospects. 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. In the third quarter, we also divested EQIN toward professional equipment rental business in Europe. Second one is just on the AMECO sale. ET. And now, I'll turn the call over to Joe to provide a financial update. But I would call this, most of the cash generation you're seeing is through organic decisions and actions that the company is taking currently. 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. Additionally, the pandemic continues to impede our ability to start projects. And before giving you some general comments about the fourth quarter and 2021, I wanted to provide a quick update on the sale of our AMECO equipment rental business. 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. So like why wouldn't margins be higher than that or at least at the high end, do you know any mean of your 3% to 5% in 2021 in particular as activity starts to pick up because that has meaningful implications for the earnings power for 2021? [Operator Instructions] We’ll go ahead and take our first question from Andy Kaplowitz with Citi. But with respect to Government, we are very well positioned in the DOE space, for example. Carlos took over this company and quickly back to work stabilizing our business and positioning the company for growth going forward. Yeah. The timing is the issue and getting these projects onboard as well as investors onboard is taking a lot of our attention. Moving on to our Mining & Industrial segment. Fluor Corp (NYSE:FLR)Q3 2020 Earnings CallDec 10, 2020, 8:30 a.m. Good morning. And then later on when we're in a position to assess additional impacts, we'll negotiate back. And I think in the past you guys have quantified something like $200-plus million of proceeds from AMECO. I think mining may be a little bit later coming up, but we're very bullish on mining as well. But then we would have to do some weighted view relative to what we’re putting into backlog. So it’s still — we’re working with the clients on some of these projects and have already reached some preliminary resolutions, which are favorable, but we still have a number of them to be resolved. I'd like to now speak a bit about the CEO succession. 16 pages (11294 words) — Published May 04, 2017. In fact, we had set a target of $100 million. The site preparation and piling work for train one is complete, and train two is well underway. ET. Finally, our offshore project work continues and we are still planning to complete the fabrication and pre-commissioning work in 2021. In fact, if anything, it may get a little bit extra for us. Results for the segment also benefited from favorable FX. And generally speaking, we are negotiating with the clients on the effects of the COVID impacts, both as to schedule and as to cost. And generally speaking, we are negotiating with the clients on the effects of the COVID impacts, both as to schedule and as to cost. Carlos, thanks for all your help. Steven Fisher -- UBS Investment Research -- Analyst. We can flex the level of personnel at our offices as local restrictions and community spread of the virus changes. In Energy & Chemicals, the segment continues to make progress on executing its backlog in a pandemic constrained environment. And we thank you for your patience as we confronted the challenges of 2020. Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its third quarter ended September 30, 2019. Actually, the answer to that is yes. Earnings. And we have some opportunities I think to address the market that are coming forward and where we have strength that hadn’t necessarily put the focus on them in the past. I speak on behalf of the board when we say we fully support this appointment for the CEO position and are confident he is the right person to lead our Company. Okay. Seeking Alpha 30d. Fluor Corp (NYSE: FLR) Q3 2020 Earnings Call Dec 10, 2020, 8:30 a.m. FLR earnings call for the period ending September 30, 2018. Yeah. Fluor Corp Q1 2017 Earnings Call Transcript. Dec. 10, 2020 12:54 PM ET Fluor Corporation (FLR) 1 Like. Price US$ 54.00 | Buy this Report Now. Actually, the answer to that is yes. And the changes he put in place have quickly filtered across the Company. No, I can speak to the cash side of it. Fluor: Q3 Earnings Insights. Yeah. In our advanced technologies and life sciences business, we completed the Novo Nordisk project in North Carolina in the third quarter. Okay, thanks. 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Price us $ 54.00 | Buy this Report now first half '21 expectation > Quarterly Earnings … all Call...