FLUOR CORP
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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Sep 30, 2024 · Filed Nov 8, 2024
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Item 1A. : Risk Factors
There have been no material changes from our risk factors as disclosed in the 2023 10-K.
Our earnings are subject to volatility due to recurring fair value measurements of our investment in NuScale.
In the fourth quarter of 2024, we will begin accounting for our investment in NuScale using the fair value option for equity method investments, under which we will measure our investment at fair value on a recurring basis using the prevailing price of NuScale's stock on our balance sheet dates. The fair value of our investment in NuScale is subject to the fluctuations of NuScale's stock price, which may subject our consolidated earnings to volatility. The price of NuScale's stock has experienced significant volatility since it commenced trading in May 2022, and the volatility may continue in the future in response to many factors, including factors beyond the control of NuScale. As a result of the recurring fair value measurements, we may recognize non-cash gains or losses in future periods, some of which which could be material.
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