you, Thank Alan.
Fluor’s my sharing by of a Slide our first changes to we’ve the team. turn Please start path number taken provide as forward. I’ve me of Let X, improve the some quarter details made during you you to and CEO, please. To begin, with actions on executive effectiveness
Mike to Terry petrochemicals. of over CFO, has bringing Also, me. Mark Towle upstream, reporting Energy & President to and as transparency addition infrastructure including operationally mega-project mining, segment the execution years. we has I Mark and been Terry In XX years our President Fields of back with last nearly have business Group chemicals extensive experience directly segment. as refining, appointed responsible as the infrastructure standalone increase into projects XX a separated to XX for Chemicals
of for support reporting authority has and his risk group. executive been is strategies his this moved instrumental Garry management has and Flowers expanded have on we he long projects challenging well time career. provided accountability Garry this resolution and of during in suited enhance particularly under to a Fluor as number developing role Finally,
a we risk have mentioned, As focused heightened on profile. our Alan
accountability transparency organization. turn increased throughout the have and to We Please Slide X.
process. apparent pursuit become a and issues framework of many our that challenged rigorous to May, there to we common a implemented has projects. significant me It more in few In our immediately
comprised enacted of have new end generate improved We have bid, the set bid already following our changes criteria contract quality no will high where To projects, we the that process risk pursuit margins. execution structure that and backlog in so be adjusted approach for projects. our future that will
Energy identified bid other work, is only Chemicals, lump will For or limited sum where sole-sourced a over it advantage a we is pursue slate bidders, agreement. there & quantifiable have a negotiated and we where fixed-price
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have and Government we states, Carolina. focus established where Virginia will projects. we in DOT lump sum California, presence track In longer Arizona, Infrastructure, no Texas, America we extend in will These North pursue record to strong include and In our the continue relationships. segment, efforts and an our North
it approval For by be executive subject prospect platform change will and the conditions between have risk must and final of we that appropriate Fluor drive that results. risk bid selectivity and a bid, an terms cases, deliver projects, increased important the client on is of lump backlog focused will allocation our initial consistent projects an into ALL to no the contractor. profile by because company pipeline sum And later execution followed can in team. our approval This
work, basis, sum it’s in trend talent albeit execute away to to and these that industry we has believe and is but lump our the Fluor expertise a on the still from more selective win pivot projects simply. Although
on risk will We’re scale new are LNG standards. to awarded focusing and But newly can not successful, we profitability for and increased management cash criteria. projects lump example, lump our project, don’t project you this that adheres that meet I sum Fluor bid revised our are meet Rovuma that sum on If through there has being generation, on our do projects by the scrutiny assure approach. large gone
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our We what have and challenges outlined done. identified be to needs
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subcontractors and orders, in These on an disputes, company the ending receivables clients, resolve ongoing quarter, extensions, claims. our items, second closeout schedule of the with During suppliers number a of change attempt position and unpaid include outstanding number our to met matters. a
margins prospect range As a a in evaluated discussed proposed remain pipeline to and be resulted on will estimates of the including than position pre-tax our which projects, result projects projects charges in company our the its charge certain a revised in awards that of number based profitable. of million. impact normal These of lower broad our settlements client complete – timing the of and a Furthermore, $XXX impact projects today. projects, of these on discussions,
additional Now of Chemicals, million quarter include relating an please to project. X. turn & Slide if $XXX would you project In for results an adjustment Energy offshore to the
challenges the have two and offshore result a have project You of growth a us the heard last others. as about significant faced from FEED we package the over quarters, from talk
be design we that determined As contract. and not of indicated the we will quarter our in completion a revised the result guidelines, in the able as to meet approved deadline
as engage expenses. projects completion must well $XX subcontractor include driven also scope date a our recognize and negotiations clients continue from totaling Results the in execution project. million, two initial identified regards associated the cost with charges we to reductions While price missing resulting strategy, to on schedule as project we and upstream additional client and on downstream large growth fixed cost other
project positive plant is broader a of EPFC note, a Kingdom, INEOS’ expansion region. Kingdom. awarded we also On new for were investment the reimbursable want their in We United the the a contract processing FEED every United in package for part strategic the in which refinery
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taken has end of of the in design be that release progressing XXXX completed backlog remain engineering, our and quarter, have yard and preparation material module QX to We continuing project today. we commencing can XXXX. confirm revised third Canada Well offloading reviews at the packages fabrication criteria announced to conforms facility. construction to we we schedule will site LNG on During the this into additional of the risk
forward moving the in also Sunshine with We’re Formosa Louisiana. project
this the to plant. team working continuing FEED the for is of together and parts proposals pieces for Our other put mega several of facility, on components
second half for reimbursable We of offsite, of this award EPC portion utilities, logistics project. the a expect infrastructures to XXXX see the in and
experience We’re equipment we more costs. in this labor forecast able to have effectively and leverage area to
Louisiana E&C of the this one talk in for two by obviously our was quarter. we about client us projects, projects disappointing E&C have finally, was South Methanol win that delayed year. and outlook indefinitely Methanol in to affects XXXX. you This expected to these this us large Unfortunately, new heard And awards
We expect early the Methanol will forward project year. Lake Charles move next that
projects the X Industrial, three the adjustments would and of turn results Slide Infrastructure power $XXX if including In Purple several you for projects, & project million million please. on the segment Now Mining, infrastructure Power quarter include on Line Maryland. in $XX gas-fired to
Thus future in with both regard absolved projects are remaining from we behind material our backlog. other liability we warranty that our the to these are exposure have agreements With no to than standard gas-fired power us final power finally with coverage. clients say, projects, pleased sides are where to
some Maryland, faced seen to may this joint the progressing our venture right MTA Purple You due delays. some about has schedule in have project challenges news and Line on away illegal keep and articles project to
We forecast have cost revised our and changes our project timeline. increases forecast to to on the based
quarter is latest Carolina relationship this award billion near in the strong Interstate largest our We a on example Infrastructure Asheville. of with XX TXDOT. project of This project our Dallas. LBJ announced with $XXX won a We relationship, East $X.X Transportation project strong I-XXX of here recently North million Department of example
XXX In see have over we’re second We projects alone. awards In been expect of quarter. both feasibility over in year, to mining we book last fruition. starting quarter, FEED mining, to completing in million booked the copper to third we work work the the the and come
turn is results million engineering that changes, on for Now quarter The we’re a charge Government providing taking for if on services growth a and $XXX the for rejected. project driven as client, orders who you existing late on In structures include group, client is project cost an serves several substantially company XX. commercial of project EPC a subcontractor by which would government site. new the a change have to but this been commercial to the a charge Slide
the with As The continue resolve to complete a to this sub prime end contractor project, is of matters. we contractor expected to on XXXX. work at project these the
M&O site this Also to expect contract about Afghanistan. IV in the quarter site portion to second book we our Hanford Plateau the River our Tank Central Closure quarter. at later month third our the DOE. announced in and won and hear in of LOGCAP extension will we the XX this We of at recently a Contract the nine-month Carolina contract the South Savannah the extension award the Contract year, for both In
turn Services, structuring is would quarter please very Now Slide announced to that Diversified XX. In going if and last underway you we our store well well.
by end year. the Our of restructuring complete be substantially the will
quarter, This in a agreement turn was year on for a around four Stork-led Colombia. two for framework services Ecopetrol consortium awarded refineries plant
AMECO. turning rental to equipment our company Now
million low Mexico in to map this recognized and international of margin in quarter. We’re result in $XXX exiting $XX our restructuring operations negative with these a markets selected charge countries. Exiting approximately will million,
effort. cash restructuring result receive of million We $XX as expect to a this approximately of
with you the what And shareholders. finally, and we’re long-term call. evaluating our are markets will offerings goals XX value for the results rest on of our our our to drive table All end organizations. consistent not of this tell See the review our options are on September we
I’ll the updates Mike to Mike? to now some over give call from the quarter. financial turn
