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BRIEF-IbI Group Inc Announces Q4 Results

Published 2019-03-07, 05:04 p/m
© Reuters.  BRIEF-IbI Group Inc Announces Q4 Results
IBG
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March 7 (Reuters) - IBI Group Inc IBG.TO :

* IBI GROUP INC. ANNOUNCES Q4 AND YEAR END 2018 RESULTS HIGHLIGHTED BY 9.9% ADJUSTED EBITDA MARGIN IN 2018

* IBI GROUP INC QTRLY NET REVENUE $92.4 MILLION, UP 6.3%

* IBI GROUP INC - DILUTED EARNINGS PER SHARE WAS $0.10 IN Q4

* IBI GROUP INC - ANTICIPATES WORKING CAPITAL SITUATION TO BE REVERSED THROUGH 2019 AS CO EXPECTS TO REALIZE CASH FLOW FROM INFRASTRUCTURE PROJECTS

* IBI GROUP INC SEES 2019 TOTAL REVENUE APPROXIMATELY $374 MILLION

* IBI GROUP INC - MADE SIGNIFICANT INVESTMENTS IN WORKING CAPITAL IN 2018, WHICH SOMEWHAT LIMITED ABILITY TO PAY DOWN DEBT

* IBI GROUP - IN LIGHT OF CHANGES AT VARYING LEVELS OF GOVERNMENT, PARTICULARLY IN CANADA, THERE HAS BEEN A SLIGHT PAUSE IN TERMS OF CONTRACTS BEING AWARDED

* IBI GROUP INC - ANTICIPATES REDUCING DEBT BY UP TO $10 MILLION OVER COURSE OF 2019

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