Fluor expects to recognize non-cash charges ranging from $450 mln to $475 mln during q1 of 2020

Fluor corp - expects to recognize non-cash charges ranging from $450 million to $475 million during q1 of 2020.fluor corp - continues to have adequate liquidity to meet all operational and project needs.fluor - audit committee determined that previously issued financial statements for yrs ended dec 31, 2018, 2017 & 2016 should not be relied upon.fluor corp - has no outstanding loans under its revolving credit facilities.fluor corp - identified material errors in accounting for its radford nitrocellulose project.fluor corp - anticipates that its 2019 form 10-k will also disclose material weakness in its internal controls over financial reporting.fluor - audit committee determined that previously issued financial statements for interim quarterly periods for 2018 & 2019 should not be relied upon.fluor corp - estimates entirety of proposed adjustments will negatively impact cumulative pretax earnings reported through sept. 30, 2019 by $3.8 million.fluor corp - expects to file before september 30, 2020, its annual report on form 10-k for 2019.fluor corp - will be further delayed in filing its quarterly reports on form 10-q for periods ended march 31, 2020 and june 30.fluor corp - may be delinquent in reporting for september 30, 2020.fluor corp - expects to cure covenant failures before expiration of cure period.
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