FLR — what changed in the latest 10-Q
A section-by-section comparison of FLR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-06 vs the prior 10-Q · 2026-08-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +26 | −36 | ~13 | 38 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | −1 | 0 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +4 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-06
We continue to see strong client engagement across many of our end markets. During the 2026 Quarter, we received final notice to proceed on LNG Canada Phase 2 and booked an award for $7.5 billion. We also secured several mining project awards, further reinforcing our position in key growth sectors. …
In July 2026, we sold our ownership interest in ICA-Fluor for proceeds of $175 million, resulting in a pre-tax gain of $73 million and related tax expense of $18 million. This divestiture does not meet the criteria for discontinued operations treatment.
In early 2026, we sold our ownership interest in CFHI for proceeds of $124 million and recognized a gain of $124 million upon the sale as the investment had previously been fully impaired.
Net earnings (loss) before equity method earnings (loss)186 (306)431 (919)
Less: Net earnings (loss) attributable to NCI 28 (10)43 (23)
Text removed vs the prior filing · source: 10-Q · 2026-08-07
We continue to see strong client engagement across many of our end markets. We recently won several significant awards including a limited notice to proceed on LNG Canada Phase 2, a feasibility study for the Woodsmith mining project in England and a multi-year contract for EPC services for a uranium…
During 2026, we sold our ownership interest in CFHI for proceeds of $124 million. We recognized a gain of $124 million upon the sale as the investment had previously been fully impaired.
In July 2026, we sold our ownership interest in our joint venture in Mexico for $175 million, resulting in an estimated third quarter pre-tax book gain of $90 million and an estimated tax liability of $33 million, which we funded during August 2026. We had forecasted approximately $20 million of pre…
Net earnings (loss) before equity method earnings131 (774)245 (613)
Backlog related to projects located outside of the U.S.42%40%
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-08-07
(1) Includes the removal of $669 million in backlog related to our recently sold joint venture interest in Mexico.
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-06
During the quarter ended September 30, 2026, the following individuals adopted or terminated Rule 10b5-1 trading arrangements (as defined in Item 408(a) of Regulation S-K) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act:
•On August 25, 2026, Tracey H. Cook, Chief Human Resources Officer, adopted a 10b5-1 trading arrangement providing for the exercise of up to 2,811 stock options (including the sale of the underlying shares of common stock), subject to certain conditions, which will terminate on February 23, 2027.
•On August 26, 2026, Anthony Morgan, Business Group President, Urban Solutions, terminated a 10b5-1 trading arrangement previously adopted on December 5, 2025. The terminated plan provided for exercise of up to 3,426 stock options (including the sale of the underlying shares of common stock), subjec…
•On August 27, 2026, Anthony Morgan, Business Group President, Urban Solutions, adopted a 10b5-1 trading arrangement for the sale of up to 8,586 shares of common stock and the exercise of up to 3,426 stock options (and the sale of the underlying shares of common stock), subject to certain conditions…
Text removed vs the prior filing · source: 10-Q · 2026-08-07
During the quarter ended June 30, 2026, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (in each case, as defined in Item 408(a) of Regulation S-K).
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice