Question Bank › After the books closed

After the books closed

After the books closed: the quarter's biggest news happened too late to be in the numbers

Calls Tested
497
Answered YES
13
Hit Rate
2.6%
rare by design

Fluor Corporation (FLR) — this company's answers

NO on the Q2 2022 call 2022-08-05 D
The model's full reasoning — Q2 2022 call → NO我们根据提供的财报电话会议记录,判断管理层是否报告了最重要的积极发展发生在报告期结束或之后不久,以至于结果几乎没有包含这些影响,并且管理层自己指出了这种时间安排。 分析: - 管理层在电话会议中提到了多个积极发展,例如新合同、项目进展等。 - 特别关注是否有“late-breaking”事件,即发生在季度末或之后,且管理层明确表示这些事件对当前结果影响很小,但对未来很重要。 - 例如,David Constable提到“Q3 is already off to a good start with a key client reaching FID on a large reimbursable petrochemical facility in China”,这发生在Q3,即报告期之后。但这是否是“最重要的”积极发展?管理层还提到了其他事件,如NuScale的NRC批准(发生在“last Friday”,即电话会议前),但那是关于NuScale的,不是Fluor的直接业务。 - 管理层在讨论新奖项时提到“we are not tracking another 20 billion”等,但未明确说这些发生在季度末。 - 关键点:管理层是否明确表示这些积极发展发生在报告期结束或之后,且结果没有包含它们?在回答中,David提到“Q3 is already off to a good start”但未说Q2结果未包含它。另外,关于NuScale的NRC批准,发生在“last Friday”,即电话会议前,但那是关于NuScale的,不是Fluor的直接业务。 - 更具体地,管理层提到“we anticipate receiving work in the third quarter for an expansion of an existing biologics manufacturing facility”等,但那是预期。 - 在回答分析师问题时,David提到“we are not tracking another 20 billion”等,但未明确说这些是late-breaking。 - 然而,在讨论新奖项时,管理层提到“Q3 is already off to a good start with a key client reaching FID on a large reimbursable petrochemical facility in China”,这发生在Q3,即报告期之后,但管理层没有说Q2结果未包含它,而是说“We expect to be sharing further information on this project in the coming weeks.” 这更像是未来事件。 - 另外,关于Savannah River的扩展,管理层说“we were informed by the NNSA of their intention to cancel the Pantex Y-12 contract”但那是取消,不是积极。 - 关于NuScale的NRC批准,管理层说“last Friday, the NRC voted unanimously to approve the design certification”,这发生在电话会议前,但那是关于NuScale的,不是Fluor的直接业务,且Fluor是投资者,不是直接运营。 - 管理层在讨论新奖项时提到“we are not tracking another 20 billion”等,但未明确说这些是late-breaking。 - 总体来看,管理层没有明确说“最重要的积极发展发生在报告期结束或之后,且结果没有包含它们”。他们提到了Q3的积极开始,但那是预期,不是已发生的事件。 - 因此,答案应为NO。 但再仔细看:管理层在讨论新奖项时提到“we are not tracking another 20 billion”等,但未明确说这些是late-breaking。 - 在回答关于新奖项的问题时,David说“we are not tracking another 20 billion”等,但未明确说这些是late-breaking。 - 实际上,管理层在讨论Q2新奖项时提到“we are not tracking another 20 billion”等,但未明确说这些是late-breaking。 - 因此,答案应为NO。

← Back to the full FLR analysis

Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented contain little or none of their effect — with management itself marking the timing? Answer YES when management's own words convey, in whatever form fits the business, ONE coherent situation with BOTH halves present: (1) LATE-BREAKING, CONCRETE POSITIVE EVENTS. Management points to specific favorable developments that actually occurred near the end of the reported period or in the weeks since it closed — real events, not hopes or pipeline. The events may take whatever form fits the industry: a contract, order, customer, or program signed or won late in the period or after quarter-end; a facility, location, product, or service that opened, launched, or shipped its first volumes in the final stretch or just afterward; an approval, certification, or qualification obtained late that has already begun converting into business; a large customer that went live, began ordering, or expanded right at the close or since; an acquisition or capability completed at or after period-end that is now operating. What matters is that management itself anchors the timing — saying in substance 'late in the quarter,' 'in the final weeks,' 'at the very end of the period,' 'since quarter-end,' 'subsequent to the close,' 'just after the period ended,' or equivalent — for events that are described as done or now happening, not merely expected. (2) MANAGEMENT TREATS THEM AS THE REAL STORY THE NUMBERS MISSED. Management conveys, directly or plainly in substance, that because of this timing the reported results reflect little or none of these developments — and treats them as consequential to where the company is now heading, for example by discussing how they will contribute in coming periods, how the company is now delivering or ramping them, or by contrasting the period's reported figures with the level of business the company is already doing as it exits. The late events should be presented as meaningful relative to the company's current size — capable of changing its trajectory — rather than as routine items in a long list. Answer NO if the period's positive developments are described as spread across the quarter in the ordinary way, with no emphasis on late or post-period timing. NO if the late-dated items are only letters of intent, negotiations, pipeline, expected signings, or events still contingent on approvals, financing, or decisions not yet made. NO if the late events are routine in scale for this company — the normal cadence of wins or openings it always reports — with no sense that they change its level of business. NO if management mentions timing only as an excuse for weak results without concrete late-arriving positives now in hand. NO if the post-period mention is a boilerplate subsequent-events disclosure that management does not connect to the company's trajectory. NO if the timing framing appears only in an analyst's question or model that management does not itself affirm. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
ASM Avino Silver & Gold Mines Ltd. Q4 2023 2024-03-21 C+
KOPN Kopin Corporation Q4 2023 2024-03-14 C+
SCPH scPharmaceuticals Inc. Q3 2023 2023-11-08 B
NBTX Nanobiotix S.A. Q2 2023 2023-09-27 D
SWBI Smith & Wesson Brands, Inc. Q1 2023 2022-09-08 C+
YMM Full Truck Alliance Co. Ltd. Q2 2022 2022-08-25 C+
VNRX VolitionRx Limited Q1 2022 2022-05-12 F
OPK OPKO Health, Inc. Q1 2022 2022-05-09 D
BFIN BankFinancial Corporation Q1 2022 2022-05-06 A
RNW ReNew Energy Global Plc Q2 2022 2021-11-18 C
BFI BurgerFi International, Inc. Q3 2021 2021-11-12 C
LIND Lindblad Expeditions Holdings, Inc. Q2 2017 2017-08-06 C
PLAB Photronics, Inc. Q2 2017 2017-05-17 C+

How the model reasoned

OPK · Q1 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management treating the ModeX acquisition (announced and closed on the call date, May 9) and the Sema4/GeneDx deal (closed April 29) as major positive developments that occurred after the Q1 period ended. These are framed as key steps toward unlocking value and are highlighted as the "exciting announcement" that changed the call format.
RNW · Q2 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management explicitly marking the timing of key positive developments: 400 MW commissioned "since the end of the quarter" (bringing operating capacity to 7 GW today, with another 400 MW scheduled "over the next couple of weeks"), plus the completed Telangana acquisition adding 260 MW.
ASM · Q4 2023 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...

More from the question bank

Bought the seat, waiting for the ridePriced like the old business, running like aCaught under-prepared by good newsTempo shift: the rhythm of the business has Position doing the winningThe new engine is already turningAll questions →
Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.