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BRIEF-Snc-Lavalin Group Q3 earnings per share C$1.49

Published 2015-11-05, 08:09 a/m
© Reuters.  BRIEF-Snc-Lavalin Group Q3 earnings per share C$1.49
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Nov 5 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* Announces its third quarter results for 2015
* Q3 earnings per share C$1.49
* Q3 revenue C$2.4 billion versus I/B/E/S view C$2.39 billion
* Q3 earnings per share view C$0.50 -- Thomson Reuters I/B/E/S
* Says maintains outlook for 2015 adjusted EPS from e&c
* Says taking additional action to align cost structure with growth strategy
and current end-market conditions
* Revenue backlog at end of September 2015 rose to $12.7 billion, compared with
$12.5 billion at the end of September 2014
* Says increasing its 2015 outlook range for the reported ifrs EPS to $2.40 to
$2.70
* Q3 revenue $2.43 billion versus $2 billion last year
* Says building on the cost reduction program initiated by previous
management,launched "step change" program
* Expect to spend further $50 million (after taxes) in addition to $40 million
announced in Q2 for step change program
* Additional costs related to step change program are now expected to be
recognized in the fourth quarter of 2015
* Expects that 2015 outlook for adjusted EPS from e&c will be at lower end of
the previously announced range of $1.30 to $1.60

* Source text for Eikon ID:nCNWNnGc0a

* Further company coverage SNC.TO

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