Fluor(FLR) - 2023 Q4 - Annual Report

U.S. 62 % 49 % Backlog related to lump-sum projects 24 % 37 % 31 Table of Contents (1) Total segment profit is a non-GAAP financial measure. We believe that total segment profit provides a meaningful perspective on our results as it is the aggregation of individual segment profit measures that we use to evaluate and manage our performance. (2) Backlog represents the total amount of revenue we expect to record in the future based upon contracts that have been awarded to us. Backlog is stated in terms of gros ...