David T. Seaton – Fluor Corp. The current market environment is the worst I’ve seen in 30 years “the current market environment is perhaps the worst I’ve seen in my 30-plus years. The market has contracted since 2014. The good … Continued
David Thomas Seaton – Fluor Corp. Lowered guidance “Let me get started off by addressing the guidance. First quarter admittedly got us off to a slow start for the year on earnings. That and the potential for slow burn on … Continued
David Thomas Seaton Energy and chemicals pipeline probably coming off the bottom “Looking back, 2015 and 2016 represent one of the most difficult times in our industry. In fact, Energy and Chemical awards during this two-year period were the lowest … Continued
Fluor (FLR) Q3 2016 Results David Seaton Seen significant increase in industry infrastructure “Through the first three quarters of 2016, overall global economic growth has underperformed our expectations. We continue to experience greater than anticipated headwinds from the commodities and … Continued
Fluor (FLR) David Thomas Seaton on Q2 2016 Results Expect continued slow recovery but are seeing capital spending return “Generally speaking, we expect continued slow recovery in the global economy and modest improvement in the EPs and EC&M markets specifically. … Continued
Fluor (FLR) David Thomas Seaton on Q1 2016 Results Employees killed in petrochemical plant explosion in Mexico “I wanted to comment on the tragedy that occurred two weeks ago in Mexico. As you may have read, three ICA Fluor employees … Continued
David Thomas Seaton – Chairman & Chief Executive Officer Global economic growth is weak but we serve a diverse set of markets “Global economic growth continues to be weak and commodities prices remain low. We expect economic growth of the … Continued
Each week I read dozens of transcripts from earnings calls and presentations as part of my investment process. Below are some of the most important quotes about the economy and industry trends from the transcripts that I read this week. … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha After today’s 2% drop … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. “New awards for the quarter were $5.6 billion, including $2.4 billion in … Continued