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SNC-Lavalin Group Inc (SNC.TO)

SNC.TO on Toronto Stock Exchange

34.00CAD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

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

Snc-Lavalin Reports Q4 Earnings Per Share C$0.30
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Snc-Lavalin Group Inc ::SNC-LAVALIN ANNOUNCES $382 MILLION IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS FOR 2017, A 50% INCREASE COMPARED TO 2016.Q4 EARNINGS PER SHARE C$0.30.Q4 REVENUE C$2.9 BILLION VERSUS C$2.1 BILLION.Q4 EARNINGS PER SHARE VIEW C$0.71, REVENUE VIEW C$2.85 BILLION -- THOMSON REUTERS I/B/E/S.SEES 2018 ADJUSTED EARNINGS PER SHARE FROM E&C $2.60 TO $2.85.QTRLY ADJUSTED NET INCOME FROM E&C $0.78 PER DILUTED SHARE.FY2018 EARNINGS PER SHARE VIEW C$2.80 -- THOMSON REUTERS I/B/E/S.SEES 2018 ADJUSTED CONSOLIDATED DILUTED EPS IN RANGE OF $3.60 TO $3.85.QTRLY REVENUE C$‍2.92 BILLION VERSUS C$2.21 BILLION LAST YEAR.SNC-LAVALIN GROUP - ON TRACK TO DELIVER COST SYNERGIES OF $120 MILLION RELATED TO ACQUISITION OF ATKINS BY END OF 2018.TOTAL BACKLOG BOOKINGS FOR Q4 AMOUNTED TO $1.9 BILLION.‍INCREASED QUARTERLY CASH DIVIDEND BY 5% TO $0.287 PER SHARE, PAYABLE ON MARCH 22, 2018​.Q4 REPORTED IFRS NET INCOME INCLUDED A NON-CASH CHARGE OF $42.5 MILLION FOR THE ESTIMATED NET IMPACT OF U.S. CORPORATE TAX REFORM.THE REVENUE BACKLOG TOTALED $10.4 BILLION AT THE END OF DECEMBER 2017.‍INTEGRATION OF ATKINS BUSINESS CONTINUES TO PROGRESS WELL AND WILL BE FULLY COMPLETED IN 2018​.REMAINS ON TRACK TO DELIVER COST SYNERGIES OF $120 MILLION RELATED TO ACQUISITION OF ATKINS BY THE END OF 2018.REVENUE BACKLOG TOTALED $10.4 BILLION AT END OF DEC 2017.  Full Article

Snc-Lavalin Awarded Contract For The U.S. Army Corps Of Engineers, Engineering And Support Center, Huntsville
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Snc-Lavalin Group Inc ::SNC-LAVALIN AWARDED CONTRACT FOR THE U.S. ARMY CORPS OF ENGINEERS, ENGINEERING AND SUPPORT CENTER, HUNTSVILLE.SNC-LAVALIN SAYS AWARDED JV WITH COVALUS LLC FOR 30-MONTH, $42 MILLION CONTRACT BY U.S. ARMY CORPS OF ENGINEERS, ENGINEERING & SUPPORT CENTER, HUNTSVILLE.  Full Article

SNC-Lavalin Awarded Engineering Services Agreement Worth Over $100 Mln
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - SNC-Lavalin Group Inc ::SNC-LAVALIN AWARDED ENGINEERING SERVICES AGREEMENT WITH A DOWNSTREAM REFINING AND PETRO-CHEMICAL COMPANY IN THE GULF COAST, USA.SNC-LAVALIN - MASTER SERVICES AGREEMENT APPROXIMATE WORTH IS IN EXCESS OF $100 MILLION (REFILES TO REMOVE EXTRANEOUS LETTER).  Full Article

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