July 22 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* SNC-LAVALIN FORGES NEW STRATEGIC DIRECTION WITH CORPORATE REORGANIZATION
* SNC-LAVALIN GROUP INC - 2019 FINANCIAL GUIDANCE WITHDRAWN
* SNC-LAVALIN GROUP INC - Q2 2019 FINANCIAL RESULTS LOWER THAN ANTICIPATED
* SNC-LAVALIN GROUP INC - ALSO EXPLORING ALL OPTIONS FOR ITS RESOURCES SEGMENT, PARTICULARLY ITS OIL & GAS (O&G) BUSINESS
* SNC-LAVALIN GROUP INC - EXITS LUMP-SUM TURNKEY CONTRACTING
* SNC-LAVALIN GROUP - WILL REORGANIZE CO'S RESOURCES AND INFRASTRUCTURE CONSTRUCTION SEGMENTS INTO A SEPARATE BUSINESS LINE
* SNC-LAVALIN GROUP INC - LUMP-SUM, TURNKEY PROJECTS HAVE BEEN ROOT CAUSE OF COMPANY'S PERFORMANCE ISSUES
* SNC-LAVALIN GROUP INC - LOWER THAN ANTICIPATED Q2 RESULTS AND GOODWILL IMPAIRMENT
* SNC-LAVALIN - WILL BE TAKING ADDITIONAL NON-CASH, PRE-TAX, GOODWILL IMPAIRMENT CHARGE, INTANGIBLE ASSETS IMPAIRMENT CHARGE TOTALLING ABOUT $1.9 BILLION
* SNC-LAVALIN GROUP INC - EXPECT THAT REASONABLY ANTICIPATED REFORECASTS IN SNCL PROJECTS WILL BE REFLECTED IN Q2 RESULTS
* SNC-LAVALIN GROUP INC - WILL FULFIL CONTRACTUAL OBLIGATIONS OF ITS CURRENT LSTK PROJECTS
* SNC-LAVALIN GROUP INC - COMPANY EXPECTS THAT Q2 2019 ADJUSTED EBITDA FROM E&C TO BE IN RANGE OF NEGATIVE $150 MILLION TO NEGATIVE $175 MILLION
* SNC-LAVALIN GROUP INC - IN 2019 COMPANY'S SNCL ENGINEERING SERVICES ARE EXPECTED TO DELIVER SEGMENT EBIT MARGIN CONSISTENT WITH PRIOR PERIODS
* SNC-LAVALIN GROUP INC - COMPANY WILL RUN OFF VAST MAJORITY (OVER 80%) OF ITS $3.2 BILLION OF LSTK BACKLOG BY END OF 2021
* SNC-LAVALIN - $1.9 BILLION CHARGE TO BE TAKEN IS LARGELY DUE TO DECISION TO CEASE LSTK PROJECTS BIDDING, LOWER THAN EXPECTED H1 RESOURCES PERFORMANCE