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BRIEF-Snc-Lavalin Reports Q4 Loss Per Share C$1.67

Published 2020-02-28, 06:36 a/m
BRIEF-Snc-Lavalin Reports Q4 Loss Per Share C$1.67
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Feb 28 (Reuters) - SNC-Lavalin Group Inc SNC.TO :

* SNC-LAVALIN REPORTS FOURTH QUARTER AND 2019 YEAR-END RESULTS

* Q4 LOSS PER SHARE C$1.67

* Q4 EARNINGS PER SHARE ESTIMATE C$0.42 -- REFINITIV IBES DATA

* SNC-LAVALIN GROUP - CO'S BACKLOG TOTALED $15.3 BILLION AS AT DECEMBER 31, 2019, 2.5% HIGHER THAN AT THE END OF DECEMBER 2018

* EXPECTS IN 2020 GROSS REVENUE FROM SNCL ENGINEERING SERVICES, EXCLUDING CAPITAL, WILL GROW BY A LOW SINGLE DIGIT PERCENTAGE

* SNC-LAVALIN GROUP - SEES 2020 SEGMENT EBITDA AS A PERCENTAGE OF GROSS REVENUE, FROM SNCL ENGINEERING SERVICES, EXCLUDING. CAPITAL, OF 10%-12%

* SPECIAL COMMITTEE ESTABLISHED BY BOARD IN DECEMBER 2018 HAS BEEN DISBANDED

* SNC-LAVALIN GROUP - CO TOOK A RESTRUCTURING CHARGE IN FOURTH QUARTER OF 2019 OF ABOUT $72 MILLION

* SNC-LAVALIN - CO CONTINUES TO ACTIVELY EXPLORE ALL OPTIONS FOR REMAINING RESOURCES BUSINESS AS IT WINDS DOWN REMAINING LSTK PROJECTS

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