Fluor Corporation (NYSE:FLR) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET

Company Participants

Jason Landkamer - Head-IR

David Constable - Chairman and CEO

Joe Brennan - CFO

Conference Call Participants

Michael Dudas - Vertical Research

Steven Fisher - UBS

Jamie Cook - Credit Suisse

Andy Wittmann - Baird

Sean Eastman - KeyBanc Capital Markets

Andy Kaplowitz - Citi

Michael Feniger - Bank of America

William Kim - Davidson

Operator

Good morning and welcome to Fluor's Second 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 at approximately 10:30 a.m. 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 7 days through a registration link also accessible on Fluor's website at investor.fluor.com.

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

Jason Landkamer

Thanks, and good morning. Welcome to Fluor's 2022 second 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 second quarter earnings release earlier this morning and a slide presentation is posted on our website, that we will 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 the discussion of our risk factors, which could potentially contribute to such differences, in our 2021 Form 10-K and in our Form 10-Q, which was filed earlier today. During this call, we may 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.

I’ll now turn the call over to David Constable, Fluor’s Chief Executive Officer. David?

David Constable

Thank you, Jason, good morning everyone. Thank you for joining us today.

Please turn to Slide 4. Before we get started on operational results, I'd like to draw your attention to Fluor's 14th annual sustainability report that was recently published. Our sustainability report provides insight into how we are accelerating our ESG actions to build a better world. Notable accomplishments highlighted in this latest report includes first, the actions underway to reduce our carbon footprint led by a 15% reduction in Scope 2 emissions from 2020 to 2021.