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BRIEF-Shawcor Q2 earnings per share C$0.04 excluding items

Published 2015-08-06, 06:10 p/m
© Reuters.  BRIEF-Shawcor Q2 earnings per share C$0.04 excluding items
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Aug 6 (Reuters) - Shawcor Ltd SCL.TO :
* Announces second quarter 2015 results
* Q2 revenue C$398 million versus I/B/E/S view C$435.7 million
* Q2 earnings per share C$0.04 excluding items
* Q2 earnings per share view C$1.08 -- Thomson Reuters I/B/E/S
* Says order backlog at June 30, 2015 decreased to $608 million from $703
million at March 31, 2015
* Net income before restructuring charges in the second quarter of 2015 was
$0.04 per share
* Company recorded restructuring costs of $15 million as a result of reducing
its global workforce during quarter
* Since end of Q3 2014 , overall staffing levels have been reduced by 20% with
salaried staff experiencing a 31% reduction
* Has also shut down plants and other locations and has co-located certain
sales offices during quarter

* Source text for Eikon ID:nGNXVEEMLa

* Further company coverage SCL.TO

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