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Pediatrix Medical Group 2025 First Quarter Conference Call/Webcast Scheduled for Tuesday, May 6, 2025

Pediatrix Medical Group 2025 First Quarter Conference Call/Webcast Scheduled for Tuesday, May 6, 2025

Business Wire21-04-2025
The investor conference call will be webcast and can be accessed at Pediatrix's website, www.pediatrix.com/investors.
ABOUT PEDIATRIX MEDICAL GROUP
Pediatrix® Medical Group, Inc. (NYSE:MD) is a leading provider of physician services. Pediatrix-affiliated clinicians are committed to providing coordinated, compassionate and clinically excellent services to women, babies and children across the continuum of care, both in hospital settings and office-based practices. Specialties include obstetrics, maternal-fetal medicine and neonatology complemented by multiple pediatric subspecialties. The group's high-quality, evidence-based care is bolstered by significant investments in research, education, quality-improvement and safety initiatives. The physician-led company was founded in 1979 as a single neonatology practice and today provides its highly specialized and often critical care services through approximately 4,400 affiliated physicians and other clinicians. To learn more about Pediatrix, visit www.pediatrix.com or follow us on Facebook, Instagram, LinkedIn and the Pediatrix blog. Investment information can be found at www.pediatrix.com/investors.
Certain statements and information in this press release may be deemed to contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements relating to the Company's objectives, plans and strategies, and all statements, other than statements of historical facts, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as 'believe,' 'hope,' 'may,' 'anticipate,' 'should,' 'intend,' 'plan,' 'will,' 'expect,' 'estimate,' 'project,' 'positioned,' 'strategy' and similar expressions, and are based on assumptions and assessments made by the Company's management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in the Company's most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, including the sections entitled 'Risk Factors', as well the Company's current reports on Form 8-K, filed with the Securities and Exchange Commission, and include the impact of the Company's practice portfolio management plans and whether the Company is able to achieve the expected favorable impact to Adjusted EBITDA therefrom; the impact of the Company's termination of its then third-party revenue cycle management provider and transition to a hybrid revenue cycle management model with one or more new third-party service providers, including any transition costs associated therewith; the impact of surprise billing legislation; the effects of economic conditions on the Company's business; the effects of the Affordable Care Act and potential healthcare reform; the Company's relationships with government-sponsored or funded healthcare programs, including Medicare and Medicaid, and with managed care organizations and commercial health insurance payors; the Company's ability to comply with the terms of its debt financing arrangements; the impact of management transitions; the timing and contribution of future acquisitions or organic growth initiatives; the effects of share repurchases; and the effects of the Company's transformation initiatives, including its reorientation on, and growth strategy for, its hospital based and maternal fetal businesses.
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Fluor Joint Venture Awarded Front End Engineering and Design for Proposed Second Phase of LNG Canada Facility in British Columbia
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Fluor Joint Venture Awarded Front End Engineering and Design for Proposed Second Phase of LNG Canada Facility in British Columbia

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Fluor Reports Second Quarter 2025 Results
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Fluor Reports Second Quarter 2025 Results

- IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ending June 30, 2025. 'I'm pleased with the tremendous accomplishments achieved by the team on the LNG Canada project, including the first shipment of LNG. We received a contract award to update the FEED package for a proposed phase 2 expansion, and this week an agreement was reached on our COVID claims and other matters,' said Jim Breuer, chief executive officer of Fluor. 'Unfortunately, our results for the quarter were impacted by three long-standing infrastructure projects and a shift in expected capital spending from some clients. We view this shift as temporary and believe that our long-term strategy centered around disciplined project delivery in growth markets will continue to benefit our clients and our shareholders.' 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Three Months Ended June 30, Six Months Ended June 30, (in millions) 2025 2024 2025 2024 Revenue Urban Solutions $ 2,070 $ 1,831 $ 2,349 $ 3,028 Energy Solutions 1,143 1,595 4,227 3,309 Mission Solutions 762 704 1,358 1,305 Other 3 97 25 319 Total revenue $ 3,978 $ 4,227 $ 7,959 $ 7,961 Segment profit (loss) $ and margin % Urban Solutions $ 29 1.4% $ 105 5.7% $ 99 2.3% $ 155 4.7% Energy Solutions 15 1.3% 75 4.7% 63 2.7% 143 4.7% Mission Solutions 35 4.6% 41 5.8% 40 2.9% 63 4.8% Other (1 ) (33.3) (27 ) NM 8 32.0 (49 ) NM Total segment profit $ and margin % $ 78 2.0% $ 194 4.6% $ 210 2.6% $ 312 3.9% G&A (52 ) (50 ) (88 ) (110 ) Foreign currency gain (loss) (30 ) 48 (44 ) 60 Interest income (expense), net 17 38 34 77 Earnings (loss) attributable to NCI (22 ) (16 ) (13 ) (34 ) Earnings (loss) before taxes (9 ) 214 99 305 Income tax expense (including $757 million and $684 million tax expense attributable to equity method earnings during the three and six months ended June 30, 2025 respectively) (765 ) (61 ) (712 ) (111 ) Net earnings (loss) before equity method earnings $ (774 ) $ 153 $ (613 ) $ 194 Equity method earnings $ 3,212 $ — $ 2,819 $ — Net earnings $ 2,438 $ 153 $ (613 ) $ 194 Less: Net earnings (loss) attributable to NCI (22 ) (16 ) (13 ) (34 ) Net earnings attributable to Fluor $ 2,460 $ 169 $ 2,219 $ 228 New awards Urban Solutions $ 856 $ 2,416 $ 6,186 $ 7,289 Energy Solutions 549 582 864 1,298 Mission Solutions 363 63 527 1,208 Other — 37 — 321 Total new awards $ 1,768 $ 3,098 $ 7,577 $ 10,116 New awards related to projects located outside of the U.S. 50% 31% 50% 28% Expand (in millions) June 30, 2025 June 30, 2024 Backlog Urban Solutions $ 20,576 $ 19,571 Energy Solutions 5,583 8,531 Mission Solutions 2,046 3,775 Other — 427 Total backlog $ 28,205 $ 32,304 Backlog related to projects located outside of the U.S. 42% 53% Backlog related to reimbursable projects 80% 81% Expand SUMMARY OF CASH FLOW INFORMATION Six Months Ended June 30, (in millions) 2025 2024 OPERATING CASH FLOW $ (307 ) $ 171 INVESTING CASH FLOW Proceeds from sales and maturities (purchases) of marketable securities 34 (9 ) Capital expenditures (25 ) (82 ) Proceeds from sale of assets 62 74 Investments in partnerships and joint ventures (135 ) (21 ) Other 3 — Investing cash flow (61 ) (38 ) FINANCING CASH FLOW Repurchase of common stock (295 ) — Purchase and retirement of debt (36 ) (24 ) Other (10 ) 30 Financing cash flow (341 ) 6 Effect of exchange rate changes on cash 52 (29 ) Increase (decrease) in cash and cash equivalents (657 ) 110 Cash and cash equivalents at beginning of period 2,829 2,519 Cash and cash equivalents at end of period $ 2,172 $ 2,629 Cash paid during the period for: Interest $ 19 $ 22 Income taxes (net of refunds) 83 31 Expand THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, (In millions, except per share amounts) 2025 2024 2025 2024 Net earnings attributable to Fluor $ 2,460 $ 169 $ 2,219 $ 228 Exclude: Stork & AMECO businesses marketed for sale or sold 1 — (9 ) 8 Net earnings from core operations (1) 2,461 169 2,210 236 Adjustments: (2) Equity method earnings $ (3,212 ) $ — $ (2,819 ) $ — NuScale expenses — 26 — 57 Impact of litigation on completed projects (3) 28 — 56 — Impact of bad debt reserves taken for a long-completed project — — 22 — Severance and other exit costs 9 — 9 — Reserve for legacy legal claims 4 — 4 — Embedded foreign currency derivative (gain)/loss 11 (20 ) 13 (27 ) Foreign currency (gain)/loss 30 (48 ) 44 (60 ) Tax expense on above items 741 21 658 23 Adjusted Net Earnings $ 72 $ 148 $ 197 $ 229 Diluted EPS $ 14.81 $ 0.97 $ 13.19 $ 1.32 Adjusted EPS $ 0.43 $ 0.85 $ 1.17 $ 1.32 Expand (1) Core operations excludes the results of our now-divested Stork and AMECO businesses. (2) We exclude earnings impacts for litigation outcomes, claims, settlements or associated damages from adjusted earnings when they are significant in magnitude, non-routine and do not represent on-going normal operations. (3) Reflects the impact of an arbitration ruling on a fabrication project at our Energy Solutions joint venture in Mexico. The six months ended June 30, 2025 also includes the impact of a recent ruling on a long-standing claim on a Mission Solutions project completed in 2019. Expand THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, (in millions) 2025 2024 2025 2024 Net earnings attributable to Fluor $ 2,460 $ 169 $ 2,219 $ 228 Interest income, net (17 ) (38 ) (34 ) (77 ) Tax expense 765 61 712 111 Equity method earnings (3,212 ) — (2,819 ) — Depreciation & amortization 17 16 35 34 EBITDA $ 13 $ 208 $ 113 $ 296 Adjustments: (1) Stork & AMECO businesses marketed for sale or sold $ 1 $ (1 ) $ (10 ) $ (13 ) NuScale expenses — 26 — 57 Impact of litigation on completed projects (2) 28 — 56 — Impact of bad debt reserves taken for a long-completed project — — 22 — Severance and other exit costs 9 — 9 — Reserve for legacy legal claims 4 — 4 — Embedded foreign currency derivative (gain)/loss 11 (20 ) 13 (27 ) G&A: Foreign currency (gain)/loss 30 (48 ) 44 (60 ) Adjusted EBITDA $ 96 $ 165 $ 251 $ 253 Expand (1) We exclude earnings impacts for litigation outcomes, claims, settlements or associated damages from adjusted earnings when they are significant in magnitude, non-routine and do not represent on-going normal operations. (2) Reflects the impact of an arbitration ruling on a fabrication project at our Energy Solutions joint venture in Mexico. The six months ended June 30, 2025 also includes the impact of a recent ruling on a long-standing claim on a Mission Solutions project completed in 2019. Expand #corp Contacts Brett Turner Media Relations 864.281.6976 tel Jason Landkamer Investor Relations 469.398.7222 tel Fluor Corporation NYSE:FLR Release Versions English Contacts Brett Turner Media Relations 864.281.6976 tel Jason Landkamer Investor Relations 469.398.7222 tel Get RSS Feed Fluor Corporation NYSE:FLR Release Versions English Contacts Brett Turner Media Relations 864.281.6976 tel Jason Landkamer Investor Relations 469.398.7222 tel

Why Unum Stock Tumbled by 12% Today
Why Unum Stock Tumbled by 12% Today

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Why Unum Stock Tumbled by 12% Today

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