Fluor Corporation (NYSE:FLR) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET

Company Participants

David Constable - Chairman & CEO
Joe Brennan - CFO
Jim Breuer - COO
Jason Landkamer - Head of IR

Conference Call Participants

Jamie Cook - Truist Securities
Andy Kaplowitz - Citigroup
Steven Fisher - UBS
Sangita Jain - KeyBanc Capital Markets
Andrew Wittmann - Robert W. Baird
Michael Dudas - Vertical Research

Operator

Good morning, and welcome to Fluor's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded. [Operator instructions]. A replay of today's conference call will be available at approximately 10:30 a.m. Eastern Time, 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 the registration link, also accessible on Fluor's website at investor.fluor.com.

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

Jason Landkamer

Thank you, Operator, and welcome to Fluor's 2024 third quarter earnings call. David Constable, Fluor's Chairman and Chief Executive Officer, Joe Brennan, Fluor's Chief Financial Officer, and Jim Breuer, our Chief Operating Officer, are here with us today. Fluor issued its third 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 a discussion of our risk factors, which could potentially contribute to such differences in our 2023 Form 10-K and our Form 10-Q, which was made available earlier today. During the 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.

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

David Constable

Well, thank you Jason, and good morning, everyone. Thank you for joining us today. Please turn to Slide 3. To begin today, I would like to acknowledge the impact of the recent devastation in the Southeast over the past few weeks. Hurricane Helene, shortly followed by Hurricane Milton, caused significant damage, including historic flooding, widespread power outages, and multiple deaths across the southeast. Our Greenville, South Carolina office did sustain moderate damage, but thanks to our HSE and facilities management team, the office remained open and functional. However, almost all of our employees in the area were personally affected in some way.