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John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wood Group To Sell Nuclear Business To Unit Of Jacobs For 250 Mln Stg
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - John Wood Group PLC ::DISPOSAL OF NUCLEAR BUSINESS.SALE OF ITS NUCLEAR BUSINESS TO A SUBSIDIARY OF JACOBS FOR A CASH CONSIDERATION OF £250 MILLION.BOTH PARTIES HAVE AGREED THAT JACOBS WILL PAY A FEE OF £7.5 MILLION TO WOOD IN CERTAIN CIRCUMSTANCES WHERE TRANSACTION IS NOT CLEARED BY CMA.CASH PROCEEDS FROM DIVESTMENT TO BE USED TO REDUCE DEBT, WILL ENABLE CO TO TAKE SIGNIFICANT STEP TOWARDS ACHIEVING ITS TARGET LEVERAGE POLICY.  Full Article

Wood PLC Reports H1 Revenue Of $4.79 Bln Vs. $4.92 Bln
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - John Wood Group PLC ::WOOD GROUP (JOHN)PLC - HALF-YEAR RESULTS.WOOD PLC - STRONG MARGIN IMPROVEMENT AND PROFIT GROWTH SUPPORTS UNCHANGED FULL YEAR OUTLOOK.WOOD PLC - STRONG MARGIN IMPROVEMENT AND PROFIT GROWTH SUPPORTS UNCHANGED FULL YEAR OUTLOOK.WOOD PLC - HY OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS $160 MILLION VERSUS $125 MILLION.WOOD PLC - HY REVENUE $4,788 MILLION VERSUS $4,916 MILLION.WOOD PLC - ALSO MADE SUBSTANTIAL PROGRESS ON OUR NON CORE ASSET DISPOSAL PROGRAMME AND HAVE AGREED SALE OF OUR NUCLEAR BUSINESS FOR C$305M.WOOD PLC - DISPOSAL OF NUCLEAR BUSINESS WILL RESULT IN SIGNIFICANT DELEVERAGING AND BRING US CLOSE TO OUR TARGET LEVERAGE.WOOD PLC - LOOKING FURTHER AHEAD, WE REMAIN WELL POSITIONED FOR GROWTH ACROSS ENERGY AND BUILT ENVIRONMENT MARKETS.WOOD PLC - HY ADJUSTED EBITDA $384 MILLION VERSUS $293 MILLION.WOOD PLC - INTERIM DIVIDEND OF 11.4C.WOOD PLC - SEES FY 2019 ORDER BOOK OF $9.2BN UP ON DECEMBER 2018 OF $9.1BN ON A LIKE FOR LIKE BASIS.WOOD PLC - FY 2019 GOOD VISIBILITY OVER FORECAST 2019 REVENUES WITH 87% DELIVERED OR SECURED.WOOD PLC - NET DEBT (EXCLUDING LIABILITIES RELATED TO LEASES) AT END OF JUNE WAS $1.77 BILLION.WOOD PLC - DISPOSAL OF NUCLEAR BUSINESS TO REDUCE NET DEBT ON A PROFORMA BASIS CLOSE TO 1.5X NET DEBT.WOOD PLC - CONTINUE TO EXPECT STRONG FULL YEAR CASH CONVERSION AFTER EXCEPTIONAL ITEMS IN REGION OF 80-85%.WOOD PLC - CONTINUE TO STRATEGICALLY REVIEW OUR PORTFOLIO.  Full Article

Jacobs Engineering To Acquire Wood's Nuclear Business
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - Jacobs Engineering Group Inc ::JACOBS TO ACQUIRE WOOD'S NUCLEAR BUSINESS.DEAL FOR AN ENTERPRISE VALUE OF £250 MILLION.JACOBS ENGINEERING GROUP - CO EXPECTS ADJUSTED EPS ACCRETION IN RANGE OF $0.10 TO $0.12 FROM ACQUISITION OF WOOD NUCLEAR IN FIRST YEAR OF OWNERSHIP.JACOBS ENGINEERING GROUP - TO PAY FEE OF ABOUT $9 MILLION TO JOHN WOOD GROUP IF TRANSACTION IS NOT CLEARED BY U.K. COMPETITION AND MARKETS AUTHORITY.  Full Article

Wood Plc Wins $1 Bln Nuclear Engineering Design Contract
Thursday, 9 May 2019 

May 9 (Reuters) - Wood Plc ::WOOD WINS $1 BLN NUCLEAR ENGINEERING DESIGN CONTRACT.SECURED A NEW CONTRACT WORTH UP TO $1 BILLION TO PROVIDE ENGINEERING DESIGN SERVICES TO SELLAFIELD LTD OVER NEXT 20 YEARS.SELECTED AS DESIGN AND ENGINEERING PARTNER AT UK'S NUCLEAR SITE AS PART OF NEW PROGRAMME AND PROJECT PARTNERS (PPP) PROCUREMENT MODEL.  Full Article

Wood Names Roy Franklin As Chair Of Board
Thursday, 9 May 2019 

May 9 (Reuters) - Wood Plc ::REG-WOOD GROUP (JOHN)PLC: CHAIR SUCCESSION.APPOINTMENT OF ROY FRANKLIN AS CHAIR OF BOARD OF DIRECTORS WITH EFFECT FROM 1 SEPTEMBER 2019..APPOINTMENT OF ROY FRANKLIN AS CHAIR OF BOARD.  Full Article

Wood Says Q1 Performance Slightly Ahead Of Prior Year
Thursday, 9 May 2019 

May 9 (Reuters) - Wood Plc ::PERFORMANCE IN Q1 IS SLIGHTLY AHEAD OF PRIOR YEAR.OUTLOOK UNCHANGED: CONFIDENT OF ACHIEVING FURTHER EARNINGS GROWTH AND STRONG CASH GENERATION IN 2019.SEEING REVENUE GROWTH IN OUR SUBSEA AND TECHNOLOGY & CONSULTING ACTIVITIES.RECOMMENDED FINAL DIVIDEND OF 23.7 CENTS PER SHARE WILL BE PAID ON 16 MAY 2019 .A NUMBER OF PROCESSES ARE ONGOING AND, IN AGGREGATE, DISPOSALS ARE EXPECTED TO GENERATE PROCEEDS IN RANGE OF 200 MLN STG - 300 MLN STG.SEEING INCREASED ACTIVITY IN DOWNSTREAM, CHEMICALS FROM EPC SCOPE FOR GULF COAST PLASTICS MANUFACTURING FACILITY, YCI METHANOL PLANT.THERE IS GOOD ACTIVITY IN US SHALE FOCUSED ON FACILITIES AND PIPELINES IN PERMIAN AND NIOBRARA.IN OPERATIONS SOLUTIONS, ACTIVITY LEVELS ARE EXPECTED TO REMAIN BROADLY IN LINE WITH 2018.  Full Article

Wood Group PLC Awarded New Contract By Evonik
Thursday, 25 Apr 2019 

April 25 (Reuters) - John Wood Group PLC ::WOOD GROUP (JOHN)PLC - WOOD AWARDED NEW CONTRACT BY EVONIK.WOOD PLC - AWARDED A NEW CONTRACT BY EVONIK TO DELIVER ENGINEERING, PROCUREMENT AND CONSTRUCTION MANAGEMENT SERVICES.WOOD PLC -ORDER VALUED AT ABOUT EUR 400 MILLION, AND IT IS EXPECTED TO INCREASE GROUP'S OVERALL CAPACITY FOR PA12 BY MORE THAN 50 PERCENT.WOOD PLC - PROJECT WILL BE EXECUTED BY WOOD'S CAPITAL PROJECTS TEAM BASED IN MILAN.  Full Article

John Wood Group Disposes Non-core Business for $38 mln
Monday, 25 Mar 2019 

March 25 (Reuters) - John Wood Group PLC ::WOOD GROUP (JOHN)PLC - DISPOSAL OF NON-CORE CONVEYOR SYSTEMS BUSINESS.WOOD ANNOUNCES DISPOSAL OF NON-CORE CONVEYOR SYSTEMS BUSINESS.CASH PROCEEDS IN RESPECT OF DISPOSAL WILL BE $38M.SALE REMAINS SUBJECT TO NORMAL CONDITIONS, WITH CLOSING EXPECTED IN Q2.  Full Article

John Wood Group Says Anticipate Modest EBITA Growth In 2018
Tuesday, 20 Mar 2018 

March 20 (Reuters) - John Wood Group Plc ::PROPOSED FINAL DIVIDEND OF 23.2C UP 3%​.‍ANTICIPATE MODEST EBITA GROWTH IN 2018 REFLECTING EARLY STAGE RECOVERY IN CERTAIN OIL & GAS MARKETS​.‍ANNUALISED COST SYNERGIES DELIVERY OF GREATER THAN $40M TO DATE, EARLIER THAN PLAN​.FY TOTAL REVENUE $6,169 MILLION VERSUS $4,934 MILLION.‍RETAINED MARKET SHARE IN OFFSHORE GREENFIELD MARKET; VISIBILITY ON PROJECTS BEYOND EXISTING WORK REMAINS LOW, PRICING UNDER PRESSURE​.FY OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS $212 MILLION VERSUS $244 MILLION.‍IMPROVEMENT IN SHALE ACTIVITY EXPECTED TO CONTINUE, ACTIVITY FOCUSED ON NIOBRARA, PERMIAN BASINS WHERE CO INCREASING HEADCOUNT​.  Full Article

John Wood Group Wins New Contract With Saudi Aramco & SABIC
Thursday, 8 Mar 2018 

March 8 (Reuters) - John Wood Group Plc ::PRESS RELEASE REG-WOOD GROUP (JOHN)PLC: WOOD WINS NEW CONTRACT WITH SAUDI ARAMCO AND SABIC.JOHN WOOD - SELECTED TO DEVELOP FULLY INTEGRATED CRUDE OIL TO CHEMICALS (COTC) COMPLEX IN KINGDOM OF SAUDI ARABIA, ON BEHALF OF SAUDI ARAMCO & SABIC.JOHN WOOD GROUP PLC - CONTRACT IS EXPECTED TO CONTINUE THROUGH TO START OF OPERATIONS, FORECAST FOR 2025.  Full Article