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SNC-Lavalin Group Inc (SNC.TO)

SNC.TO on Toronto Stock Exchange

26.74CAD
17 May 2019
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Latest Key Developments (Source: Significant Developments)

ADM Awards Construction Management Contract To Pomerleau, Snc-Lavalin And Kiewit
Wednesday, 15 May 2019 

May 15 (Reuters) - SNC-Lavalin Group Inc ::ADM AWARDS CONSTRUCTION MANAGEMENT CONTRACT TO POMERLEAU, SNC-LAVALIN AND KIEWIT.AÉROPORTS DE MONTRÉAL - UNDER INITIAL FIVE-YEAR CONTRACT, PSK WILL ACT AS A PARTNER AND KEY COLLABORATOR THROUGHOUT EXECUTION OF WORK..  Full Article

Snc-Lavalin Group Says Will Return To Positive Cash Flow By Second Half Of The Yr- Exec, Conf Call
Friday, 3 May 2019 

May 2 (Reuters) - SNC-Lavalin Group Inc ::WILL BE FOCUSING ON CORE MARKETS (CANADA, THE U.S., THE U.K., THE MIDDLE EAST, HONG KONG (AS A HUB TO ASIA) AND AUSTRALIA - EXEC, CONF CALL.SEES C$125 MILLION CASH IMPACT FOR THE YEAR AS A RESULT OF COST CUTS - EXEC, CONF CALL.WILL RETURN TO POSITIVE CASH FLOW BY SECOND HALF OF THE YEAR- EXEC, CONF CALL.REGARDING COURT PROCEEDING, END OF MAY IS THE KEY DATE FOR DECISION OR FURTHER DELAY- EXEC, CONF CALL.REVENUES COMING FROM THE 15 COUNTRIES CO IS EXITING WAS ABOUT C$85 MILLION- EXEC, CONF CALL (CORRECTS TYPO).  Full Article

Snc-Lavalin Group Reports Q1 Loss Per Share Of C$0.10
Thursday, 2 May 2019 

May 2 (Reuters) - SNC-Lavalin Group Inc ::SNC-LAVALIN REPORTS FIRST QUARTER RESULTS FOR 2019.Q1 ADJUSTED EARNINGS PER SHARE C$0.21.Q1 EARNINGS PER SHARE ESTIMATE C$0.33 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE C$0.10.Q1 REVENUE C$2.29 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$2.3 BILLION."REMAIN CONFIDENT THAT WE CAN DELIVER OUR 2019 OUTLOOK".2019 OUTLOOK MAINTAINED.BACKLOG OF $15.8 BILLION AT END OF MARCH 2019.BOOKINGS OF $3.2 BILLION IN Q1 2019.E&C REVENUE FOR Q1 ENDED MARCH 31, 2019 TOTALED $2.29 BILLION, COMPARED WITH $2.37 BILLION.GIVEN CHALLENGES FACED IN Q1 2019, CO EXPECTS A VERY MODEST RECOVERY IN ITS ADJUSTED DILUTED EPS FROM E&C FOR Q2 2019.SNC-LAVALIN - "WE WILL BE FOCUSING ON OUR CORE GEOGRAPHIES AND ARE REMOVING UNPROFITABLE REVENUES ACROSS 15 COUNTRIES WHERE WE HAVE SUB-SCALE OPERATIONS".  Full Article

Snc-Lavalin Reaches Agreement To Sell 10.01 Pct Stake Of Highway 407 Etr To Omers For Up To $3.25 Bln
Friday, 5 Apr 2019 

April 5 (Reuters) - SNC-Lavalin Group Inc ::PRESS RELEASE - SNC-LAVALIN REACHES AN AGREEMENT TO SELL 10.01% STAKE OF HIGHWAY 407 ETR TO OMERS FOR UP TO $3.25 BILLION.SNC-LAVALIN GROUP INC - NET PROCEEDS FROM TRANSACTION WILL BE USED FOR PAYMENT OF APPROXIMATELY $600 MILLION UNDER CDPQ LOAN AGREEMENT.SNC-LAVALIN GROUP INC - SNC-LAVALIN WILL RETAIN A 6.76% OWNERSHIP OF HIGHWAY 407 ETR.SNC-LAVALIN GROUP INC - $3.0 BILLION PAYABLE AT CLOSING DATE AND $250 MILLION OVER A PERIOD OF 10 YEARS.SNC-LAVALIN GROUP INC - NET PROCEEDS FROM DEAL WILL ALSO BE USED FOR EXECUTION OF COMPANY'S DELEVERAGING PLANS.SNC-LAVALIN GROUP INC - SALE IS SUBJECT TO CERTAIN SHAREHOLDERS' RIGHTS, INCLUDING RIGHTS-OF-FIRST REFUSAL.SNC-LAVALIN GROUP INC - COMPANY AND CDPQ HAVE RE-NEGOTIATED TERMS OF $1 BILLION CDPQ LOAN AGREEMENT ENTERED INTO 2017.SNC-LAVALIN GROUP INC - DEAL IS EXPECTED TO BE COMPLETED WITHIN APPROXIMATELY TWO MONTHS.  Full Article

Canadian Prime Minister will speak to media on Tuesday about minister's resignation
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - SNC-Lavalin Group Inc ::CANADIAN PRIME MINISTER JUSTIN TRUDEAU LEARNED OF MINISTER'S RESIGNATION MONDAY NIGHT, WILL SPEAK TO MEDIA LATER ON TUESDAY - STATEMENT FROM TRUDEAU'S OFFICE.  Full Article

Snc-Lavalin announces lower than anticipated q4 results impacting full year 2018
Monday, 28 Jan 2019 

Jan 28 (Reuters) - SNC-Lavalin Group Inc ::SNC-LAVALIN ANNOUNCES LOWER THAN ANTICIPATED Q4 RESULTS IMPACTING FULL YEAR 2018.FULL YEAR 2018 RESULTS WILL BE LOWER THAN EXPECTED.SNC-LAVALIN GROUP - OIL & GAS SEGMENT EBIT WILL BE LOWER IN 2018 THAN COMPANY EXPECTED."EXPERIENCING WORSE THAN EXPECTED TRADING CHALLENGES IN OIL & GAS IN MIDDLE EAST, AND SAUDI ARABIA IN PARTICULAR".SEES 2018 ADJUSTED CONSOLIDATED DILUTED EPS TO BE IN RANGE OF $2.15 TO $2.30.FY2018 EARNINGS PER SHARE VIEW C$2.68 -- REFINITIV IBES DATA.SNC-LAVALIN GROUP - WILL BE TAKING NON-CASH AFTER-TAX GOODWILL IMPAIRMENT CHARGE OF ABOUT $1.24 BILLION, OR $7.06 PER DILUTED SHARE."WE WILL TAKE A MORE CAUTIOUS VIEW TOWARDS OUR 2019 PROSPECTS TO REFLECT THESE UNCERTAINTIES".SNC-LAVALIN - BUSINESS CONTINUES TO FACE SEVERAL WELL-DOCUMENTED MACRO CHALLENGES, SOME CO-SPECIFIC HEADWINDS, WHICH ARE IMPACTING ABILITY TO GROW.SNC-LAVALIN - INTER-GOVERNMENTAL RELATIONS BETWEEN CANADA-SAUDI ARABIA, WITH UNPREDICTABLE COMMODITY PRICES, OTHERS, LED TO DETERIORATION IN NEAR-TERM PROSPECTS.SNC-LAVALIN - IMPAIRMENT TESTS INDICATE THAT FAIR VALUE OF OIL & GAS SEGMENT IS LOWER THAN CARRYING VALUE IN FINANCIAL STATEMENTS.SNC-LAVALIN GROUP - "SERIOUS PROBLEM HAS JUST COME TO LIGHT IN RELATION TO A SINGLE PROJECT IN MINING & METALLURGY SEGMENT".SNC-LAVALIN - RELATING TO MINING & METALLURGY SEGMENT, THE PROJECT' YEAR-END UNDER-PERFORMANCE RELATIVE TO INTERNAL BUDGETS TO MATERIALLY AFFECT Q4 RESULTS.  Full Article

Snc-Lavalin Awarded West Qurna Phase 2 Oil Field Contract In Iraq
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - SNC-Lavalin Group Inc ::SNC-LAVALIN AWARDED WEST QURNA PHASE 2 OIL FIELD CONTRACT IN IRAQ.SNC-LAVALIN GROUP INC - AWARDED FRAMEWORK AGREEMENT FOR PROJECT SUPPORT SERVICES WITH LUKOIL MID-EAST FOR WEST QURNA PHASE 2 OIL FIELD IN IRAQ.  Full Article

SNC-Lavalin JV Affiliate Signs Multi-Year Contract With Holtec To Decommission US Nuclear Power Plant
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Exelon Corp ::US-BASED SNC-LAVALIN JV AFFILIATE SIGNS MULTI-YEAR CONTRACT WITH HOLTEC TO DECOMMISSION US NUCLEAR POWER PLANT.SNC-LAVALIN - CO'S JV WITH HOLTEC INTERNATIONAL, CDI, WILL BE RESPONSIBLE FOR DECOMMISSIONING OYSTER CREEK NUCLEAR GENERATING STATION BEGINNING 2019.  Full Article

Mott MacDonald-SNC-Lavalin JV Wins Federal Way Link Extension Contract For Design-Build Management
Wednesday, 14 Mar 2018 

March 14 (Reuters) - SNC-Lavalin Group Inc ::MOTT MACDONALD-SNC-LAVALIN JV WINS FEDERAL WAY LINK EXTENSION CONTRACT FOR DESIGN-BUILD MANAGEMENT.SNC-LAVALIN GROUP INC - ‍CONTRACT INITIALLY COVERS PRECONSTRUCTION PERIOD UP TO AWARD OF DESIGN-BUILD CONTRACT, ALSO KNOWN AS PHASE 1​.  Full Article

SNC-Lavalin Awarded 5-Year Agreement With Al Khafji Joint Operations
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Snc-Lavalin Group Inc ::SNC-LAVALIN AWARDED A 5-YEAR FRAMEWORK AGREEMENT WITH AL KHAFJI JOINT OPERATIONS, IN SAUDI ARABIA.SNC-LAVALIN - ‍ UNIT IN SAUDI ARABIA AWARDED A 5-YEAR FRAMEWORK AGREEMENT TO PROVIDE IN-KINGDOM GENERAL ENGINEERING SERVICES TO AL KHAFJI JOINT OPERATIONS​.SNC-LAVALIN - ‍ AGREEMENT WILL COVER BOTH ON-SHORE AND OFF-SHORE ENGINEERING PROJECTS​.SNC-LAVALIN - ‍ AL KHAFJI JOINT OPERATIONS IS A JOINT OPERATING CO BETWEEN ARAMCO GULF OPERATIONS COMPANY LIMITED AND KUWAIT GULF OIL COMPANY​.  Full Article

Deals of the day-Mergers and acquisitions

May 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: