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Snc-Lavalin Group Inc (SNC.TO)

SNC.TO on Toronto Stock Exchange

55.97CAD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

SNC-Lavalin Group Inc Q3 revenue $‍2,63 Billion
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - SNC-Lavalin Group Inc :SNC-Lavalin announces its q3 2017 results, with a net income attributable to shareholders of $104 million, up from $43 million in q3 2016.Q3 earnings per share c$0.59.Q3 earnings per share view c$0.56 -- Thomson Reuters I/B/E/S.SNC-Lavalin Group Inc - ‍total revenue backlog of $11.3 billion as at september 30, 2017​.SNC-Lavalin Group Inc - ‍2017 outlook maintained: adjusted diluted eps from e&c in range of $2.00 to $2.20​.SNC-Lavalin Group Inc - ‍newly-acquired Atkins disclosed as a new segment, with revenue of $805.3 million in quarter ​.SNC-Lavalin Group Inc - qtrly revenue of $805.3 million, a segment ebit margin of 9.1% and a revenue backlog of $2.0 billion from Atkins.SNC-Lavalin Group Inc - Atkins business is currently being reported as a new segment and delivered a $73.5 million segment ebit in Q3 2017.Snc-Lavalin group inc - qtrly revenue $‍2,633 million versus $2,168 million.Q4 revenue view c$3.06 billion -- Thomson Reuters I/B/E/S.snc-lavalin-"Q4 will see greatest benefit from previously announced target cost synergies relating to Atkins of minimum of $30 million in current year‍​".  Full Article

SNC-Lavalin acquires Data Transfer Solutions for USD $45 mln
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - SNC-Lavalin Group Inc ::SNC-LAVALIN acquires Data Transfer Solutions Inc..Deal for ‍USD $45 mln​.  Full Article

SNC-Lavalin awarded two-year contract extension by the government of Canada
Tuesday, 4 Oct 2016 

SNC-Lavalin : Lavalin awarded two-year contract extension by the government of Canada .Lavalin Group Inc - contract valued up to $180 million to provide in-service-support to Royal Canadian Navy's minor warships and auxiliary vessels.  Full Article

SNC-Lavalin updates outlook for full year 2016 results
Thursday, 29 Sep 2016 

SNC-Lavalin Group Inc: Lavalin updates outlook for full year 2016 results . Lavalin - just established, and expects to be recording in q3, unfavorable cost and revenue reforecasts on two oil & gas projects in middle east . Lavalin group inc - discussions are ongoing to attempt to resolve commercial issues in middle east contracts . Lavalin Group Inc - outlook for other segments remains largely unchanged with infrastructure segment trending to be slightly better than expected . Lavalin Group Inc - updating its 2016 outlook from an adjusted earnings per share from e&c of $1.50 to $1.70 to an adjusted earnings per share from e&c of $1.30 to $1.60. . Lavalin Group Inc - Q4 is expected to return to a more normal run rate .Lavalin Group Inc - continues to target an annualized adjusted e&c EBITDA margin of 7% in 2017.  Full Article

SNC-Lavalin signs an agreement in principle for a joint venture with China National Nuclear Corporation & Shanghai Electric Company
Thursday, 22 Sep 2016 

Snc : Lavalin signs an agreement in principle for a joint venture with China National Nuclear Corporation & Shanghai Electric Company . Lavalin Group Inc - new company is expected to be registered in mid-2017 . Lavalin Group Inc - new co would be followed by formation of two design centres - one in Canada and another in China .Lavalin group inc says joint venture company would develop, market and build advanced fuel candu reactor.  Full Article

SNC-Lavalin awarded construction services contract
Wednesday, 24 Aug 2016 

SNC-Lavalin Group Inc : Awarded construction services contract for the Balama Graphite Project in Mozambique . Contract is valued at c$21.7 million .Lavalin-Balama project involves Greenfield Graphite Mine, of which processing plant to have production rate of over 350,000 tons per annum.  Full Article

SNC-Lavalin Group awarded 5-year framework agreement by Oryx GTL in Qatar
Monday, 18 Jul 2016 

Snc-lavalin Group Inc : SNC-Lavalin awarded five-year engineering consultancy framework agreement by Oryx GTL in Qatar . Snc-Lavalin awarded five-year engineering consultancy framework agreement by Oryx GTL in Qatar .Lavalin Group Inc says agreement sets out predefined rates for a number of work elements that will be required at facility.  Full Article

SNC-Lavalin says to sell real estate facilities management business in Canada
Thursday, 30 Jun 2016 

SNC-Lavalin Group Inc : Says community mailboxes and P3s are not included in agreement . Says sale is a result of a review carried out, which identified these activities as non-core to business strategy . Says "aligning our operations & maintenance business in canada with SNC-Lavalin's core sectors" . Says transfer of employment to Brookfield GIS will occur during a transition period .SNC-Lavalin reaches an agreement to sell its real estate facilities management business in Canada for $45 million to brookfield global integrated solutions.  Full Article

SNC-Lavalin group says Aecon Group JV awarded contracts by Ontario Power Generation
Monday, 27 Jun 2016 

SNC-Lavalin Group Inc : SNC-Lavalin Group Inc says JV with Aecon Group awarded two multimillion-dollar contracts by Ontario Power Generation (opg) for nuclear services . Lavalin Group Inc says first contract, valued at $265 million , is for refurbishment of all four 935-megawatt steam turbine generators at station .Lavalin group says second contract is for engineering, procurement and construction of retube waste processing building, valued at $127 million.  Full Article

Potash Ridge enters into MOU with SNC-Lavalin for development of Blawn Mountain project
Thursday, 23 Jun 2016 

Potash Ridge Corp : Potash ridge enters into memorandum of understanding with snc-lavalin for the development of the blawn mountain project .Under terms of MOU, SNC will have exclusive option to execute development of blawn mountain.  Full Article

SNC-Lavalin misses profit estimates as costs rise

Canadian construction and engineering company SNC-Lavalin Group Inc on Thursday reported a smaller-than-expected quarterly profit as costs nearly tripled due its acquisition of British engineering and consultancy firm WS Atkins .