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BRIEF-Aecon Group Inc Reports Qtrly Loss Per Share Of $0.19

Published 2020-04-23, 05:54 p/m
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April 23 (Reuters) - Aecon Group Inc ARE.TO :

* AECON REPORTS FIRST QUARTER 2020 RESULTS

* AECON GROUP - REVENUE FOR THREE MONTHS ENDED MARCH 31, 2020 OF $748 MILLION WAS $97 MILLION, OR 15 PER CENT, HIGHER COMPARED TO SAME PERIOD IN 2019

* AECON GROUP - ELIMINATED ALL NON-ESSENTIAL SPEND, REDUCED DISCRETIONARY CAPITAL INVESTMENTS, EVALUATING ONGOING COST SAVING OPPORTUNITIES ACROSS CO

* NEW CONTRACT AWARDS OF $912 MILLION WERE BOOKED IN THE FIRST QUARTER OF 2020 COMPARED TO $578 MILLION IN THE SAME PERIOD OF 2019

* CERTAIN PROJECTS THAT WERE EXPECTED TO BE AVAILABLE TO AECON TO BID ON TO SECURE NEW REVENUE HAVE BEEN DELAYED OR SUSPENDED

* QTRLY LOSS PER SHARE OF $0.19

* Q1 EARNINGS PER SHARE VIEW C$-0.23 -- REFINITIV IBES DATA

* Q1 REVENUE VIEW C$655.8 MILLION -- REFINITIV IBES DATA

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