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BRIEF-Aecon Reports Second Quarter 2020 Results

Published 2020-07-23, 05:23 p/m
© Reuters.
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July 23 (Reuters) - Aecon Group Inc ARE.TO :

* AECON REPORTS SECOND QUARTER 2020 RESULTS

* REPORTED BACKLOG AS AT JUNE 30, 2020 OF $7,255 MILLION

* QUARTER END BACKLOG OF $7.3 BILLION

* NEW CONTRACT AWARDS OF $1,080 MILLION WERE BOOKED IN Q2 OF 2020

* QTRLY LOSS PER SHARE 10 CENTS

* QTRLY REVENUE $779.4 MILLION VERSUS $867.3 MILLION

* Q2 EARNINGS PER SHARE VIEW C$-0.11, REVENUE VIEW C$693.5 MILLION -- REFINITIV IBES DATA

* AECON - CERTAIN PROJECTS THAT WERE EXPECTED TO BE AVAILABLE TO CO TO BID ON TO SECURE NEW REVENUE HAVE BEEN DELAYED OR SUSPENDED DUE TO COVID-19

* FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES REMAIN STRONG

* FINANCIAL POSITION, LIQUIDITY, RESOURCES EXPECTED TO BE SUFFICIENT TO FINANCE ITS OPERATIONS, CAPITAL NEEDS FOR FORESEEABLE FUTURE

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