Fluor(FLR) - 2020 Q4 - Earnings Call Presentation

Financial Performance & Outlook - Fluor reported a net loss from continuing operations of $294 million in 2020[9] - The company expects cash to remain around $2 billion throughout the year[10] - Adjusted 2021 guidance is $050 to $080 per diluted share from continuing operations[11] - Fluor anticipates a slight decline in revenue compared to 2020[12] - The company aims for a long-term EPS goal of $300 to $350 by 2024[12] Backlog & New Awards - The ending backlog for 2020 was $256 billion, with new awards totaling $9 billion[3] - Lower awards in 2020 are expected to create a headwind for 2021 earnings[3] - New awards are expected to pick up in the second half of 2021[3, 11] Strategic Priorities & Market Focus - Approximately 35% of infrastructure revenue will come from zero margin work in 2021[5] - The company achieved estimated run rate savings of $140 million annually due to actions taken in 2020[9]