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BRIEF-Snc-Lavalin Reports Q4 Loss Per Share Of C$9.11

Published 2019-02-22, 07:43 a/m
© Reuters.  BRIEF-Snc-Lavalin Reports Q4 Loss Per Share Of C$9.11
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Feb 22 (Reuters) - SNC-Lavalin Group Inc SNC.TO :

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

* Q4 LOSS PER SHARE C$9.11

* Q4 EARNINGS PER SHARE ESTIMATE C$-1.19 -- REFINITIV IBES DATA

* Q4 REVENUE C$2.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$2.68 BILLION

* BACKLOG OF $14.9 BILLION AT END OF DECEMBER 2018

* PROCESS FOR POTENTIAL SALE OF A PORTION OF ITS INTEREST IN HIGHWAY 407 ETR CONTINUES TO PROGRESS

* SEES 2019 ADJUSTED DILUTED EPS FROM E&C IN RANGE OF $2.00 TO $2.20

* HAS REDUCED QUARTERLY DIVIDEND BY $0.187 PER SHARE

* NON-CASH AFTER-TAX GOODWILL IMPAIRMENT CHARGE OF $1.2 BILLION RELATING TO COMPANY'S OIL & GAS SEGMENT FOR FY

* DECLARED A QUARTERLY CASH DIVIDEND OF $0.10 PER SHARE

* SEES 2019 ADJUSTED CONSOLIDATED DILUTED EPS $3.00 - $3.20

* FY2019 EARNINGS PER SHARE VIEW C$2.14 -- REFINITIV IBES DATA

* SNC-LAVALIN GROUP - ON A QUARTERLY BASIS, EXPECTS THAT Q1 2019 ADJUSTED DILUTED EPS FROM E&C BE LOWEST OF YEAR

* MINING & METALLURGY SEGMENT EBIT IS EXPECTED TO BE IMPACTED BY A LOWER REVENUE LEVEL IN 2019

* EXPECTS THAT OIL & GAS SEGMENT EBIT TO BE HIGHER IN 2019

* SNC-LAVALIN GROUP - QTRLY ADJUSTED LOSS PER SHARE $1.31

* SNC-LAVALIN -Q4 CHARGES RELATED TO RESTRUCTURING, OTHER OF $48.8 MILLION (AFTER TAXES) MAINLY RELATED TO "OPERATIONAL EXCELLENCE" PROGRAM LAUNCHED IN 2016

* TOTAL BOOKINGS FOR Q4 2018 AMOUNTED TO $2.2 BILLION, REPRESENTING A 0.9 BOOK-TO-BILL RATIO

* AFTER Q1, ANTICIPATES A GRADUAL INCREASE IN ADJUSTED EARNINGS PER SHARE FROM E&C THROUGHOUT REMAINDER OF YEAR

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