Fluor Corporation (NYSE: FLR) today announced financial results for its
second quarter ended June 30, 2005. The company reported a net loss of
$16.4 million, or 19 cents per share, compared with net earnings of
$44.8 million, or 54 cents per share, in the second quarter of 2004. The
second quarter loss was due to the impact of a charge of $65.0 million,
or 77 cents per share, relating to an unfavorable jury verdict on a
resort hotel project in the Caribbean. Revenues for the quarter
increased 32 percent to $2.9 billion compared with $2.2 billion a year
ago.
The $65 million charge included $5 million for estimated interest
expense and attorneys' fees. Including the charge, consolidated
operating profit was $31.9 million, compared with $99.6 million in the
second quarter last year. The charge had the added impact of
substantially increasing the effective tax rate for the quarter.
New project awards in the second quarter were $3.2 billion compared with
$3.3 billion a year ago. The strong quarterly trend experienced over the
past 18 months continues and marks the sixth consecutive quarter of new
awards exceeding $3 billion. Backlog rose 21 percent to $15.7 billion,
compared with $12.9 billion a year ago, and $15.4 billion in the first
quarter.
"The jury verdict on the hotel project was wholly unexpected, and as we
do not believe it was supported by the facts or by applicable law," said
Chairman and Chief Executive Officer Alan Boeckmann, "we are pursuing
all possible avenues of reconsideration or appeal. While we are
obviously disappointed with the impact that the charge had on earnings
in the quarter, we are encouraged by the continuing strength in new
awards and backlog. We are also very pleased with the substantial
improvement in cash flow, with approximately $140 million generated by
operations in the quarter."
Corporate G&A for the quarter was $27.7 million, including a pre-tax
gain of $4.2 million from the sale of a real estate property, compared
with $33.0 million a year ago. Fluor's financial condition was further
strengthened during the quarter, with cash and securities rising to $689
million, up from $643 million at the end of the first quarter. The
debt-to-capital ratio at the end of the quarter was reduced to 24
percent.
Outlook
Solid global economic fundamentals continue to drive strong capital
spending, and the outlook for the majority of Fluor's markets remains
positive. Fluor's broad industry and geographic diversity have
positioned the company to benefit from a number of major markets that
are in a positive part of their business cycle.
The global oil and gas industry continues to make sizable, sustained
levels of investment, with increased spending on major petrochemical
facilities in particular. The outlook for investment in new and existing
coal-fired power facilities in the U.S. also continues to progress.
While the company remains very encouraged by the outlook for significant
ongoing client spending and the potential it represents for future
earnings performance, the project charge recorded in the quarter has
clearly impacted the full year earnings guidance. Fluor's guidance for
2005, adjusted for the impact of the 77 cents per share charge,
otherwise remains essentially unchanged and translates to a revised
range of $1.55 to $1.75 per share.
Business Segments
Fluor's Oil & Gas segment reported very strong operating profit, up 53
percent to $49.6 million compared with $32.5 million in the second
quarter last year. Revenues increased 64 percent to $1.2 billion from
$741 million last year. Operating margin in the quarter was 4.1 percent,
slightly below 4.4 percent a year ago. The improved revenues and
operating profit reflect the significantly increased volume of work
being performed on major backlog programs and the strong continuing flow
of new awards.
Operating performance in the Industrial & Infrastructure business
segment was materially impacted by the hotel project charge. In
addition, the quarter included a $9 million downward adjustment for
disputed change orders on another project. As a result, the segment
reported an operating loss of $63.8 million, compared with an operating
profit of $13.3 million a year ago. Revenues were $558 million, an
increase of 24 percent over $449 million last year.
Fluor's Government segment reported quarterly operating profit of $19.5
million, up 10 percent from $17.7 million a year ago. Results for the
quarter included an additional $7 million in costs associated with the
four embassy projects that adversely impacted the first quarter.
Revenues increased 9 percent to $647 million compared with $591 million
last year. Operating margin was 3.0 percent, level with 3.0 percent in
the second quarter of 2004.
Operating profit for Fluor's Global Services segment was $23.5 million,
level with $23.3 million a year ago. Revenues increased 26 percent to
$383 million from $303 million in the second quarter last year,
reflecting new awards and an increased level of costs associated with
materials provided by clients. Operating margin declined to 6.1 percent
from 7.7 percent a year ago.
Fluor's Power segment reported quarterly operating profit of $3.1
million, down from a relatively strong $12.8 million last year. Revenues
declined modestly to $119 million from $129 million a year ago.
Operating margin was 2.6 percent compared with 10.0 percent in the
second quarter last year. The profit and margin decline is due to a
significant change in the mix of projects between the two quarters.
While the current period reflects projects in the very early stages, the
year-ago quarter largely reflected the successful completion of the last
few projects remaining in backlog from an earlier cycle of investment in
power facilities.
Results for the Six Months
Net earnings for the first six months of 2005 were $31.0 million, or 36
cents per share. As previously mentioned, results for the first half of
2005 included the charge of $65.0 million, or 77 cents per share. This
compares with $91.5 million, or $1.11 per share, for the first six
months of 2004. Revenues for the 2005 six-month period were $5.8 billion
compared with $4.3 billion in 2004.
Second Quarter Conference Call Information
Fluor will host a conference call at 7 a.m. Pacific Daylight Time on
Tuesday, August 9, which will be Webcast live on the Internet and can be
accessed by logging onto http://investor.fluor.com.
The Webcast will be archived for 30 days following the call.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
California, Fluor is a FORTUNE 500 company with revenues of $9.4 billion
in 2004. For more information, visit www.fluor.com.
Forward-Looking Statements: This release contains forward-looking
statements, including, without limitation, statements relating to the
expected performance of the Company's business and growth in the markets
and industries that the Company serves, the Company's future backlog,
revenue and earnings growth opportunities, the expansion of markets
which the Company serves, business prospects in markets which the
Company serves, ongoing spending by clients, and ongoing investment and
spending in markets and industries that the company serves. The
forward-looking statements are based on current management expectations
and involve risks and uncertainties. Actual results may differ
materially as a result of several factors, including, among other
things: failure to achieve projected backlog, revenue and/or earnings
levels; customer cancellations of, or scope adjustments to, existing
contracts; difficulties or delays incurred in the execution of
contracts; customer delays or defaults in making payments; decreased
capital investment or expenditures, or a failure to make anticipated
increased capital investment or expenditures, by the Company's clients
including our oil, gas, transportation, industrial, infrastructure and
government clients; the Company's failure to receive anticipated new
contract awards; increased liability risks in any of the markets the
Company serves; the potential impact of certain tax matters; the outcome
of events in dispute with clients and others; the Company's inability to
successfully convert front-end engineering services into future project
awards; the cyclical nature of many of the markets the Company serves;
and, changes in global business, economic, political and social
conditions. Caution must be exercised in relying on these and other
forward-looking statements. Due to known and unknown risks, the
Company's results may differ materially from its expectations and
projections.
Additional information concerning these and other factors can be found
in press releases as well as the Company's public periodic filings with
the Securities and Exchange Commission, including the discussion under
the heading "Item 1. Business - Company Risk Factors" in the Company's
Form 10-K filed on March 4, 2005. Such filings are available either
publicly or upon request from Fluor's Investor Relations Department:
(949) 349-3909. The Company disclaims any intent or obligation to update
its forward-looking statements in light of new information or future
events.
For further information please contact Media Relations, Jerry Holloway,
+1-949-349-7411, or Leann Vandergrift, +1-949-349-7420, or Investor
Relations, Lila Churney, +1-949-349-3909, or fax, +1-949-349-5375, all
of Fluor Corporation.
FLUOR CORPORATION
|
CONSOLIDATED FINANCIAL RESULTS
|
|
(in millions, except per share amounts)
|
|
Unaudited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS ENDED JUNE 30
|
|
|
2005
|
|
|
|
2004
|
|
|
Revenues
|
|
$
|
2,919.9
|
|
|
$
|
2,214.4
|
|
|
Costs and Expenses:
|
|
|
|
|
|
Cost of Revenues
|
|
|
2,888.0
|
|
|
|
2,114.8
|
|
|
Corporate G&A
|
|
|
27.7
|
|
|
|
33.0
|
|
|
Net Interest Income
|
|
|
(1.4
|
)
|
|
|
(0.7
|
)
|
|
Total Costs and Expenses
|
|
|
2,914.3
|
|
|
|
2,147.1
|
|
|
Earnings before Income Taxes
|
|
|
5.6
|
|
|
|
67.3
|
|
|
Income Tax Expense
|
|
|
22.0
|
|
|
|
22.5
|
|
|
Net Earnings (Loss)
|
|
$
|
(16.4
|
)
|
|
$
|
44.8
|
|
|
Basic Earnings (Loss) per Share
|
|
|
|
|
|
Net Earnings
|
|
|
(.19
|
)
|
|
|
.55
|
|
|
Weighted Average Shares
|
|
|
85.0
|
|
|
|
81.2
|
|
|
Diluted Earnings (Loss) per Share
|
|
|
|
|
|
Net Earnings
|
|
|
(.19
|
)
|
|
|
.54
|
|
|
Weighted Average Shares
|
|
|
85.0
|
|
|
|
82.5
|
|
|
New Awards
|
|
$
|
3,230.3
|
|
|
$
|
3,306.5
|
|
|
Backlog
|
|
$
|
15,666.3
|
|
|
$
|
12,919.4
|
|
|
Work Performed
|
|
$
|
2,857.5
|
|
|
$
|
2,167.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SIX MONTHS ENDED JUNE 30
|
|
|
2005
|
|
|
|
2004
|
|
|
Revenues
|
|
$
|
5,779.7
|
|
|
$
|
4,277.7
|
|
|
Costs and Expenses:
|
|
|
|
|
|
Cost of Revenues
|
|
|
5,629.3
|
|
|
|
4,079.2
|
|
|
Corporate G&A
|
|
|
65.7
|
|
|
|
60.8
|
|
|
Net Interest Income
|
|
|
(1.5
|
)
|
|
|
0.1
|
|
|
Total Costs and Expenses
|
|
|
5,693.5
|
|
|
|
4,140.1
|
|
|
Earnings before Income Taxes
|
|
|
86.2
|
|
|
|
137.6
|
|
|
Income Tax Expense
|
|
|
55.2
|
|
|
|
46.1
|
|
|
Net Earnings
|
|
|
31.0
|
|
|
|
91.5
|
|
|
Basic Earnings per Share
|
|
|
|
|
|
Net Earnings
|
|
$
|
.37
|
|
|
$
|
1.13
|
|
|
Weighted Average Shares
|
|
|
84.3
|
|
|
|
81.1
|
|
|
Diluted Earnings per Share
|
|
|
|
|
|
Net Earnings
|
|
$
|
.36
|
|
|
$
|
1.11
|
|
|
Weighted Average Shares
|
|
|
85.6
|
|
|
|
82.3
|
|
|
New Awards
|
|
$
|
6,581.0
|
|
|
$
|
6,434.2
|
|
|
Backlog
|
|
$
|
15,666.3
|
|
|
$
|
12,919.4
|
|
|
Work Performed
|
|
$
|
5,663.9
|
|
|
$
|
4,186.3
|
|
|
|
|
|
|
|
|
|
|
|
|
FLUOR CORPORATION
|
|
Unaudited
|
|
|
|
|
|
|
|
|
|
|
|
BUSINESS SEGMENT FINANCIAL REVIEW
|
|
|
|
|
|
|
|
|
|
($ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS ENDED JUNE 30
|
|
|
2005
|
|
|
|
|
|
2004
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
Oil & Gas
|
|
$
|
1,213.0
|
|
|
|
|
$
|
741.4
|
|
|
|
Industrial & Infrastructure
|
|
|
557.9
|
|
|
|
|
|
449.4
|
|
|
|
Government
|
|
|
647.2
|
|
|
|
|
|
591.5
|
|
|
|
Global Services
|
|
|
382.8
|
|
|
|
|
|
303.2
|
|
|
|
Power
|
|
|
119.0
|
|
|
|
|
|
128.9
|
|
|
|
Total revenues
|
|
$
|
2,919.9
|
|
|
|
|
$
|
2,214.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit (Loss) / Margin %
|
|
$
|
|
%
|
|
$
|
|
%
|
|
Oil & Gas
|
|
$
|
49.6
|
|
|
|
4.1
|
|
|
$
|
32.5
|
|
|
4.4
|
|
|
Industrial & Infrastructure
|
|
|
(63.8
|
)
|
|
|
(11.4
|
)
|
|
|
13.3
|
|
|
3.0
|
|
|
Government
|
|
|
19.5
|
|
|
|
3.0
|
|
|
|
17.7
|
|
|
3.0
|
|
|
Global Services
|
|
|
23.5
|
|
|
|
6.1
|
|
|
|
23.3
|
|
|
7.7
|
|
|
Power
|
|
|
3.1
|
|
|
|
2.6
|
|
|
|
12.8
|
|
|
10.0
|
|
|
Total operating profit / margin %
|
|
$
|
31.9
|
|
|
|
1.1
|
|
|
$
|
99.6
|
|
|
4.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SIX MONTHS ENDED JUNE 30
|
|
|
2005
|
|
|
|
|
|
2004
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
Oil & Gas
|
|
$
|
2,396.9
|
|
|
|
|
$
|
1,360.3
|
|
|
|
Industrial & Infrastructure
|
|
|
1,228.2
|
|
|
|
|
|
911.2
|
|
|
|
Government
|
|
|
1,208.4
|
|
|
|
|
|
1,169.1
|
|
|
|
Global Services
|
|
|
748.2
|
|
|
|
|
|
617.3
|
|
|
|
Power
|
|
|
198.0
|
|
|
|
|
|
219.8
|
|
|
|
Total revenues
|
|
$
|
5,779.7
|
|
|
|
|
$
|
4,277.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit (Loss) / Margin %
|
|
$
|
|
%
|
|
$
|
|
%
|
|
Oil & Gas
|
|
$
|
103.9
|
|
|
|
4.3
|
|
|
$
|
60.6
|
|
|
4.5
|
|
|
Industrial & Infrastructure
|
|
|
(43.0
|
)
|
|
|
(3.5
|
)
|
|
|
22.4
|
|
|
2.5
|
|
|
Government
|
|
|
28.6
|
|
|
|
2.4
|
|
|
|
45.2
|
|
|
3.9
|
|
|
Global Services
|
|
|
54.7
|
|
|
|
7.3
|
|
|
|
43.4
|
|
|
7.0
|
|
|
Power
|
|
|
6.2
|
|
|
|
3.1
|
|
|
|
26.9
|
|
|
12.2
|
|
|
Total operating profit / margin %
|
|
$
|
150.4
|
|
|
|
2.6
|
|
|
$
|
198.5
|
|
|
4.6
|
|
|
|
|
FLUOR CORPORATION
|
|
Unaudited
|
|
|
|
|
|
|
|
SELECTED BALANCE SHEET ITEMS
|
|
|
|
|
|
($ in millions, except per share amounts)
|
|
|
|
|
|
|
|
JUNE 30, 2005
|
|
DECEMBER 31, 2004
|
|
Cash and Cash Equivalents
|
|
$
|
689.0
|
|
|
$
|
604.5
|
|
|
Total Current Assets
|
|
|
2,813.7
|
|
|
|
2,723.3
|
|
|
Total Assets
|
|
|
4,094.5
|
|
|
|
3,969.6
|
|
|
Total Short-Term Debt
|
|
|
99.9
|
|
|
|
129.9
|
|
|
Total Current Liabilities
|
|
|
1,833.8
|
|
|
|
1,764.0
|
|
|
Long-term Debt
|
|
|
347.7
|
|
|
|
347.6
|
|
|
Shareholders' Equity
|
|
|
1,391.2
|
|
|
|
1,335.8
|
|
|
|
|
|
|
|
|
Total Debt to Capitalization %
|
|
|
24.3
|
%
|
|
|
26.3
|
%
|
|
Shareholders' Equity Per Share
|
|
$
|
16.05
|
|
|
$
|
15.81
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SELECTED CASH FLOW ITEMS
|
|
|
|
|
|
($ in millions)
|
|
|
|
|
|
|
|
SIX MONTHS ENDED JUNE 30
|
|
|
|
|
2005
|
|
|
|
2004
|
|
|
Operating Activities
|
|
|
|
|
|
Net Income
|
|
$
|
31.0
|
|
|
$
|
91.5
|
|
|
Depreciation
|
|
|
48.7
|
|
|
|
42.8
|
|
|
Changes in Operating Assets and
|
|
|
|
|
|
Liabilities
|
|
|
115.6
|
|
|
|
(147.4
|
)
|
|
Other, net
|
|
|
(18.5
|
)
|
|
|
30.6
|
|
|
Total Operating Cash Flow
|
|
|
176.8
|
|
|
|
17.5
|
|
|
Investing Activities
|
|
|
|
|
|
Capital Expenditures
|
|
|
(86.2
|
)
|
|
|
(42.5
|
)
|
|
Business Acquisitions
|
|
|
--
|
|
|
|
(33.0
|
)
|
|
Proceeds from sale of real estate
|
|
|
16.6
|
|
|
|
50.2
|
|
|
Other, net
|
|
|
(4.1
|
)
|
|
|
11.5
|
|
|
Total Investing Cash Flow
|
|
|
(73.7
|
)
|
|
|
(13.8
|
)
|
|
Financing Activities
|
|
|
|
|
|
Proceeds for Issuance of Debt,
|
|
|
|
|
|
Net
|
|
|
--
|
|
|
|
323.1
|
|
|
Repayment of Facilities Financing
|
|
|
--
|
|
|
|
(100.0
|
)
|
|
Decrease in Short-term Borrowings
|
|
|
(30.0
|
)
|
|
|
(121.5
|
)
|
|
Net Proceeds From Issuance of
|
|
|
|
|
|
Common Stock
|
|
|
41.8
|
|
|
|
--
|
|
|
Stock Options Exercised
|
|
|
34.6
|
|
|
|
20.4
|
|
|
Cash Dividends
|
|
|
(27.6
|
)
|
|
|
(26.6
|
)
|
|
Other, net
|
|
|
(0.7
|
)
|
|
|
(1.1
|
)
|
|
Total Financing Cash Flow
|
|
|
18.1
|
|
|
|
94.3
|
|
|
Effect of Exchange Rate Changes on
|
|
|
|
|
|
Cash
|
|
|
(36.7
|
)
|
|
|
0.0
|
|
|
Increase in Cash and Cash Equivalents
|
|
$
|
84.5
|
|
|
$
|
98.0
|
|
|
|
|
FLUOR CORPORATION
|
|
Supplemental Fact Sheet
|
|
Unaudited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW AWARDS
|
|
|
|
|
|
|
|
|
|
|
|
($ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS ENDED JUNE 30
|
|
2005
|
|
|
2004
|
|
|
% Chg
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas
|
|
$
|
1,22
|
|
0 38
|
%
|
|
$
|
1,290
|
|
39
|
%
|
|
(5
|
)%
|
|
Industrial & Infrastructure
|
|
|
34
|
|
8 11
|
%
|
|
|
1,445
|
|
44
|
%
|
|
(76
|
)%
|
|
Government
|
|
|
35
|
|
0 11
|
%
|
|
|
239
|
|
7
|
%
|
|
46
|
%
|
|
Global Services
|
|
|
74
|
|
8 23
|
%
|
|
|
247
|
|
7
|
%
|
|
203
|
%
|
|
Power
|
|
|
56
|
|
4 17
|
%
|
|
|
85
|
|
3
|
%
|
|
564
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL NEW AWARDS
|
|
$
|
3,23
|
|
0 100
|
%
|
|
$
|
3,306
|
|
100
|
%
|
|
(2
|
)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SIX MONTHS ENDED JUNE 30
|
|
2005
|
|
|
2004
|
|
|
% Chg
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas
|
|
$
|
2,700
|
|
41
|
%
|
|
$
|
2,347
|
|
36
|
%
|
|
15
|
%
|
|
Industrial & Infrastructure
|
|
|
940
|
|
14
|
%
|
|
|
2,684
|
|
42
|
%
|
|
(65
|
)%
|
|
Government
|
|
|
793
|
|
12
|
%
|
|
|
651
|
|
10
|
%
|
|
22
|
%
|
|
Global Services
|
|
|
1,502
|
|
23
|
%
|
|
|
646
|
|
10
|
%
|
|
133
|
%
|
|
Power
|
|
|
646
|
|
10
|
%
|
|
|
106
|
|
2
|
%
|
|
509
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL NEW AWARDS
|
|
$
|
6,581
|
|
100
|
%
|
|
$
|
6,434
|
|
100
|
%
|
|
2
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BACKLOG TRENDS
|
|
|
|
|
|
|
|
|
|
|
|
($ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AS OF JUNE 30
|
|
2005
|
|
|
2004
|
|
|
% Chg
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas
|
|
$
|
5,982
|
|
38
|
%
|
|
$
|
5,301
|
|
41
|
%
|
|
13
|
%
|
|
Industrial & Infrastructure
|
|
|
4,479
|
|
29
|
%
|
|
|
4,356
|
|
34
|
%
|
|
3
|
%
|
|
Government
|
|
|
1,165
|
|
7
|
%
|
|
|
915
|
|
7
|
%
|
|
27
|
%
|
|
Global Services
|
|
|
3,106
|
|
20
|
%
|
|
|
1,893
|
|
15
|
%
|
|
64
|
%
|
|
Power
|
|
|
934
|
|
6
|
%
|
|
|
454
|
|
3
|
%
|
|
106
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL BACKLOG
|
|
$
|
15,666
|
|
100
|
%
|
|
$
|
12,919
|
|
100
|
%
|
|
21
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$
|
5,475
|
|
35
|
%
|
|
$
|
4,601
|
|
36
|
%
|
|
19
|
%
|
|
The Americas
|
|
|
3,519
|
|
22
|
%
|
|
|
3,130
|
|
24
|
%
|
|
12
|
%
|
|
Europe, Africa and the Middle
|
|
|
|
|
|
|
|
|
|
|
|
East
|
|
|
5,598
|
|
36
|
%
|
|
|
4,316
|
|
33
|
%
|
|
30
|
%
|
|
Asia Pacific
|
|
|
1,074
|
|
7
|
%
|
|
|
872
|
|
7
|
%
|
|
23
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL BACKLOG
|
|
$
|
15,666
|
|
100
|
%
|
|
$
|
12,919
|
|
100
|
%
|
|
21
|
%
|
Media Relations, Jerry Holloway, +1-949-349-7411, or Leann Vandergrift,+1-949-349-7420, or Investor Relations, Lila Churney, +1-949-349- 3909, or fax,+1-949-349-5375, all of Fluor Corporation