The government business was successful in winning contract extensions for Savannah River in Idaho National Laboratory. We also created a segment called Other, where we will keep our two fixed price government contracts and new scale. Fluor Corp () Q1 2019 Earnings Call May. Consolidated segment loss for the quarter was $573 million compared to a profit of $194 million a year ago. We do see the cash flow generation capability of the business going forward remaining fairly solid even with the sale of government and American equipment. However, the company’s shares fell nearly 17% on Oct 31. [Operator Instructions] We'll now take our next question from Andrew Kaplowitz from Citi. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. And how long will it take for that segment to start showing a more normalized margin, which I assume, should be more like the mid to upper single digits? We're also splitting our mining Industrial Infrastructure and Power segment into 2 stand-alone segments; mining and Industrial & Infrastructure and Power. For example, in our Heavy Civil business, which is a business that's construction only for smaller projects in the $100 to $200 million range, typically we have, we have a couple of opportunities where we're going to be doing those on a unit rate basis, taking out our point of view risk. All of these items are consistent with what we communicated on our strategic and operational review call last month. Mike, D. Michael Steuert -- Executive Vice President, Chief Financial Officer. The "Fluor Builds." Where we've had issues with projects in the past, it's been either a function of timing overruns, issues getting change orders approved, or engineering design issues. We worked closely with our consortium to develop a project model that appropriately leverages each party's strengths and capabilities. I'm just curious how you guys are thinking about that, following the strategic review? Thank you and good morning. That's all from me. Live Teleconference Information (US/Canada): ... Click Here: Form 10-K & Proxy. Please go ahead, your line is open. Before getting started, I'd like to refer you to our Safe Harbor note regarding forward-looking statements, which is summarized on slide 2. So how do you take that lesson and move forward? Pockets of risk if you will. With respect to to the historic investments, we probably paid more than we should have for that, but we're restructuring now and it's going to be performing at a higher level in 2020. Please go ahead, your line is open. We have a great track record with Texas DOT and we think that's going to be a real big contributor as that moves forward. Today’s call is being recorded. And if so, how is the project funnel changed? And then last, Mike, understanding you don't want to give long-term guidance, or guidance for 2020 yet, Is there any help you can give us sort of you know on cash flow? Now looking ahead, we are pursuing additional road projects in Texas and remain confident in the strong prospects from our Fluor Heavy Civil Group. So, I think overall it's not going to have a huge impact on our backlog. Fluor’s 2019 Sustainability Report highlights how we are making a lasting impact on the world. Act -0.14 Est 0.518 Q1 2019 Fluor Corp Earnings Call 05/02/2019 05:30 PM (EDT) FLR. Please go ahead, your line is open. The call will also be accessible by telephone at 888-204-4368 (U.S./Canada) or +1 323-994-2093. With our strategic and operational review now complete, and our restructuring under way. As highlighted in our strategic review, we have recorded $79 million in charges this quarter related to the Radford and Warren projects. That, to some extent, it depends on the nature and value of the offers, but I suspect it's more likely they are not going to be one transaction. Hey, guys. Ending backlog reflects the removal of the [Indecipherable] chemical plant complex in Louisiana that was booked earlier this year and canceled by the client in the 3rd quarter. So it is not going to be a material part of our cash flow equation. Please go ahead, Mr. Landkamer. video celebrates Fluor's legacy as a construction leader, while demonstrating our continued self-perform construction capability. Third quarter 2019 revenue was $1.6 billion compared to $1.9 billion a year ago. Yeah, thanks for fitting me in. During this call, we may discuss certain non-GAAP financial measures. We are committed to following a clear criteria to pursue the right contracts with the right terms, and we believe our new pursued criteria will help us de-risk the business and deliver higher margins. And following the strategic review, I'm just curious if you guys had any time to reflect on how this business without government services, how we should be thinking about free cash flow conversion going forward,the balance sheet structure going forward, and with the proceeds you're going to be getting, I mean, why wouldn't we see any notable buyback? Good morning, gentlemen. And we're not going to be making investments in the future that don't have a rigorous review in terms of its potential, or it's expected return. How long the problem projects burn on the cash flow, when we expect cash flow to be positive outside of asset sales, and cash from operations, I guess? So, I'm looking forward to it. And then what are you telling your sales folks or your operating folks, relative to the new level of projects that you're bidding in the next, now for the next 6 to 9 months? I'll let someone else get in. Got it, thanks. So, I've been pleasantly surprised over the last couple of months of the cash-generating capability of our ongoing businesses, if you take, take away these lost projects. ET. We did take a very close look at impairments, and the majority of the impairments were in regard to the fab yard in China, and we had a modest -- impairment on Stork and -- as Carlos mentioned, our outlook for both of those -- for well, for both, the fab yard and Stork is improving as we move through the remainder of this year in 2020. Some of that mid cap work will be well along their completion passed by the end of 2020 end 2020. ] continues to progress on schedule, and we have recorded $ 79 million in this! Been as an organization, throughout, focused on cash flow generator, but hopefully this one 's a bit... Quarter 's Call Kaplowitz from Citi to EDGAR issues, but not in a change... 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