Fluor Corporation (NYSE:FLR) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET

Company Participants

Jason Landkamer – Head-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

Sean Eastman – KeyBanc Capital Markets

Steven Fisher – UBS

Andy Kaplowitz – Citi

Operator

Please stand by, we are about to begin. Good morning and welcome to Fluor’s First Quarter 2022 Earnings Conference Call. This 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 seven days through a registration link also accessible on Fluor’s website at investor.fluor.com.

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

Jason Landkamer

Thank you, Jake. Good morning and welcome to Fluor’s 2022 first quarter conference call. With us today are David Constable, Fluor’s Chairman and Chief Executive Officer; and Joe Brennan, Fluor’s Chief Financial Officer. We issued our earnings release earlier this morning and have posted a slide presentation on our website, which 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 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

Well, thank you, Jason, and good morning everyone. Thank you for joining us today. Before we get started on operational results, I want to start by sharing an update on our community relations activities that reinforce our purpose of building a better world. Please turn to Slide 4. As part of our science, technology, engineering, and math, or STEM education giving priority, in the first four months of 2022, we helped inspire and raise awareness of the importance of STEM based careers to more than 23,000 students. Also, part of our Fluor legacy is about giving and volunteering, which we accomplished through our Fluor Cares program.