SNC-Lavalin Group Inc SNC.TO :
* SNC-LAVALIN REPORTS FIRST QUARTER 2020 RESULTS
* Q1 LOSS PER SHARE C$0.38
* Q1 EARNINGS PER SHARE ESTIMATE C$0.25 -- REFINITIV IBES DATA
* Q1 REVENUE ROSE 6.4 PERCENT TO C$1.535 BILLION
* Q1 REVENUE ESTIMATE C$2.22 BILLION -- REFINITIV IBES DATA
* RESTRUCTURING ACTIONS IN UNDERPERFORMING RESOURCES SEGMENT ONGOING
* QUARTER-END BACKLOG $11.0 BILLION
* TOOK ACTION IN MARCH TO REDUCE COSTS AND MANAGE CASHFLOW
* ACTIONS INCLUDE ELIMINATING DISCRETIONARY EXPENDITURES NOT REQUIRED TO SUPPORT CLIENT DELIVERY, FREEZING CAPITAL EXPENDITURES
* SNC-LAVALIN GROUP - ACTIONS INCLUDE ALIGNING EMPLOYEE COST BASE IN Q2 FOR POTENTIAL REDUCTION IN REVENUES THROUGH SALARY REDUCTIONS
* ACTIONS INCLUDE REDUCED WORKING HOURS AND FURLOUGHS