Fluor 2004 Annual Report Download - page 24

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FLUOR CORPORATION 2004 ANNUAL REPORT
Officers 22
Alan L. Boeckmann
Chairman of the Board and
Chief Executive Officer (1979)
SENIOR OFFICERS
Stephen B. Dobbs
Group President,
Industrial & Infrastructure (1980)
Jeffery L. Faulk
Group President,
Energy & Chemicals (1973)
Lawrence N. Fisher
Chief Legal Officer
and Secretary (1974)
H. Steven Gilbert
Senior Vice President,
Human Resources and
Administration (1970)
Kirk D. Grimes
Group President,
Global Services (1980)
John L. Hopkins
Group President,
Government (1984)
Robert A. McNamara
Senior Group Executive (1978)
D. Michael Steuert
Senior Vice President and
Chief Financial Officer (2001)
Mark A. Stevens
Group Executive,
Project Risk (1975)
OTHER CORPORATE OFFICERS
Joanna M. Oliva
Vice President and Treasurer (2001)
Ronald E. Pitts
President,
Fluor Constructors International (1976)
Victor L. Prechtl
Vice President and Controller (1981)
Min-Ying C. Tseng
Vice President, Tax (2000)
Years in parentheses indicate the year each
officer joined the company.
FORWARD-LOOKING STATEMENTS
The information contained in this annual report contains forward-looking statements, including projected earning levels for the
calendar year 2005, market outlook, new awards, backlog levels, competition, the adequacy of funds to service debt and the
implementation of strategic initiatives and organizational changes. These forward-looking statements reflect the company’s
current analysis of existing information as of the date of this annual report, and are subject to various risks and uncertainties.
As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, the company’s
actual results may differ materially from our expectations or projections. The factors potentially contributing to such differences
include, among others:
• Changes in global business, economic (including currency risk), political and social conditions;
• The company’s failure to receive anticipated new contract awards;
• Customer cancellations of, or scope adjustments to, existing contracts including our government contracts that may be
terminated at any time;
• The cyclical nature of many of the markets we serve and their vulnerability to downturns;
• Difficulties or delays incurred in the execution of construction contracts, including performance by our joint venture partners,
resulting in cost overruns or liabilities;
• Customer delays or defaults in making payments;
• The impact of past, present and future litigation and claims and environmental, health and safety regulations;
• The availability of qualified personnel to perform our contracts;
• The outcome of pending and future disputes and litigation and any government audits or investigations;
• Competition in the global engineering, procurement and construction industry; and,
• The company’s ability to identify and successfully integrate acquisitions.
The forward-looking statements are also based on various operating assumptions regarding, among other things, overhead costs
and employment levels that may not be realized. In addition, while most risks affect only future costs or revenues that the company
anticipates it will receive, some risks may relate to accruals that have already been reflected in earnings. The company’s failure to
receive payments of accrued amounts or if liabilities are incurred in excess of amounts previously recognized, a charge against
future earnings could result.
Additional information concerning factors that may influence the company’s results can be found in its press releases and periodic
filings with the Securities and Exchange Commission including the discussion under the heading “Item 1. Business-Other Matters-
Company Business Risks” in the company’s 10-K filed on or about March 4, 2005. These filings are available publicly and upon
request from Fluor’s Investor Relations Department: (949) 349-3909. The preceding list is not intended to be all-inclusive, and
the company disclaims any intent or obligation to update its forward-looking statements.