Fluor decides to keep government business, faces SEC investigation

Dive Temporary:​

  • In disclosing fiscal 12 months 2019 and This autumn 2019 fiscal outcomes this early morning, Fluor Corp. announced that the SEC is conducting an investigation of its previous accounting and fiscal reporting, and has asked for paperwork and information and facts associated to initiatives for which the company recorded fees in the second quarter of 2019.
  • Because of to the investigation, the company does not anticipate to file conclusive comprehensive-12 months fiscal statements right until the finish of the thirty day period, and disclosed only decide on fiscal outcomes on its earning simply call nowadays that are “preliminary and unaudited, and could be influenced by subsequent gatherings or determinations,” in accordance to Chief Money Officer D. Michael Steuert​.
  • The Texas-centered typical contracting organization, the country’s second-biggest by earnings, also declared that it will keep its Governing administration Solutions business, which it experienced earlier planned to divest. A program
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