Judah Grodin's questions to Fluor Corp (FLR) leadership • Q1 2025
Question
Judah Grodin, on behalf of Steve Fisher, asked about the remaining project exposure in Mexico that could create future margin drag and inquired about the potential for cash collections from joint ventures during the year.
Answer
CFO John Regan and CEO James Breuer stated they feel good about the four major ongoing projects in Mexico, with most being in late stages, and do not expect further surprises. They clarified the recent reserve was for a project completed many years ago. Regarding JVs, Regan noted cash collection potential is likely lower than last year but is incorporated into the existing full-year cash flow guidance.