Fluor Corporation (NYSE:FLR) Q4 2023 Earnings Call Transcript

So with quite a bit of that $20 billion in energy transition, where, again, we are well-positioned and are, as I said, working on over 200 projects in energy transition. So I think we’re in a very good space. You take BHP this morning that came out and said, well, the Nickels not doing well for them. So they’re pivoting to copper and iron ore and potash, which is right in our wheelhouse. So, and they didn’t change their CapEx guidance. So I just think that interest rates are less of a concern for Fluor and our prospects. And then you’ve got, of course, the Mission Solutions clients that are spending in our space in DOD, DOE and say, TxDOT, one of our key infrastructure customers, they’ve spent $279 billion last year and $292 billion in 2024.

So there’s so much to say grace over. We just need to be careful that we don’t bring too much work in. We have to make sure we’ve got the resources, the A teams to execute these projects and be very selective, and get paid for the value that we bring and the best opportunities.

Operator: This ends our question-and-answer session. I will now turn the call back over to CEO, David Constable for some closing remarks.

David Constable: All right. Thank you, operator. Many thanks to all of you for participating on the call today. Based on our performance, it’s evident that we are well-positioned to leverage the progress we’ve made over the past three years, and we expect that this will drive significant value for Fluor shareholders for years to come. So again, we appreciate your interest in Fluor Corporation, and thank you again for your time.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.