Fluor Corporation (NYSE:FLR) Q4 2022 Earnings Conference Call February 21, 2023 8:30 PM ET

Company Participants

Jason Landkamer - Head of Investor Relations

David Constable - Chairman and Chief Executive Officer

Joe Brennan - Chief Financial Officer

Conference Call Participants

Michael Dudas - Vertical Research

Andy Wittmann - Baird

Jamie Cook - Credit Suisse

Brent Thielman - D.A. Davidson

Steven Fisher - UBS

Michael Feniger - Bank of America

Operator

Good morning, and welcome to Fluor's Fourth Quarter 2022 Earnings Conference Call. Today's call is being recorded. At this time, all participants are in a listen-only mode. A question-and-answer session will follow management's presentation. A replay of today's conference call, will be available approximately 10:30 AM eastern time today, accessible on Fluor's website at investor.fluor.com. The web replay will be available for 30 days. A telephone replay will also be available for seven days through a registration link, also accessible on Fluor's website at investor.fluor.com.

At this time for opening remarks, I'd like to turn the call over to Jason Landkamer, Head of Investor Relations. Please go ahead, Mr. Landkamer.

Jason Landkamer

Thanks, Chris. Welcome to Fluor's 2022 fourth quarter earnings call. David Constable, Fluor's Chairman and Chief Executive Officer; and Joe Brennan, Fluor's Chief Financial Officer are with us today. Fluor issued its fourth quarter earnings release earlier this morning and a slide presentation is posted on our website that we'll reference while making prepared remarks.

Before getting started, I'd like to refer you to our safe harbor note regarding forward-looking statements, which is summarized on Slide 2. During today's presentation, we'll be making forward-looking statements, which reflect our current analysis of existing trends and information. There is an inherent risk that actual results and experience could differ materially. You can find a discussion of our risk factors, which could potentially contribute to such differences, in our 2022 Form 10-K, which was filed earlier today.

During this call we will discuss certain non-GAAP financial measures, reconciliations of these amounts to the comparable GAAP measures are reflected in our earnings release, and posted in the Investor Relations section of our website at investor.fluor.com.

With that, I'll now turn the call over to David Constable, Fluor's Chairman and Chief Executive Officer. David?

David Constable

Thank you, Jason. Good morning, everyone, and thank you for joining us today. And please turn to Slide 3. Before we get started on operational results, as safety is one of our core values, it is always a top priority. Our total case incident rate for 2022 was 0.31, better than Flour's corporate goal of 0.38 and well under the industry benchmark of 0.90.