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Shawcor Ltd

SCL.TO

Latest Trade

11.66CAD

Change

-0.22(-1.85%)

Volume

150,112

Today's Range

11.54

 - 

11.87

52 Week Range

11.54

 - 

22.46

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Shawcor Announces Letter Of Intent To Provide Pipe Coating Services For The Baltic Pipe Project

Jan 21 (Reuters) - Shawcor Ltd <SCL.TO>::SHAWCOR ANNOUNCES LETTER OF INTENT TO PROVIDE PIPE COATING SERVICES FOR THE BALTIC PIPE PROJECT.SHAWCOR LTD - DEAL VALUED AT APPROXIMATELY C$67 MILLION.SHAWCOR LTD - DEFINITIVE CONTRACT IS EXPECTED TO BE SIGNED BY END OF JANUARY.SHAWCOR LTD - DEFINITIVE CONTRACT SCHEDULED TO BE EXECUTED FROM CO'S LEITH, SCOTLAND FACILITY COMMENCING IN Q2 OF 2020 AND CONTINUING TO Q2 OF 2021.

Shawcor Announces Letter Of Intent To Provide Pipe Coating Services For The Proposed Payara Project

Nov 14 (Reuters) - Shawcor Ltd <SCL.TO>::SHAWCOR ANNOUNCES LETTER OF INTENT TO PROVIDE PIPE COATING SERVICES FOR THE PROPOSED PAYARA PROJECT.SHAWCOR LTD - ENTERED LOI WITH SAIPEM FOR PROPOSED PAYARA DEVELOPMENT PROJECT LOCATED IN STABROEK BLOCK OFFSHORE GUYANA.SHAWCOR LTD - COATING VALUE OF PHASE IS ESTIMATED TO BE SIMILAR TO INDIVIDUAL PHASES OF LIZA DEVELOPMENT THAT HAVE ALREADY BEEN AWARDED.

Shawcor Ltd. Announces Q3 Earnings Per Share C$0.09

Nov 12 (Reuters) - Shawcor Ltd <SCL.TO>::. ANNOUNCES THIRD QUARTER 2019 RESULTS.Q3 EARNINGS PER SHARE C$0.09.Q3 REVENUE C$394 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$422.4 MILLION.Q3 EARNINGS PER SHARE ESTIMATE C$0.10 -- REFINITIV IBES DATA.Q3 ADJUSTED EARNINGS PER SHARE C$0.09 EXCLUDING ITEMS.ORDER BACKLOG WAS $509 MILLION AT SEPTEMBER 30, 2019, SLIGHTLY LOWER COMPARED TO BACKLOG OF $519 MILLION AT JUNE 30, 2019.SHAWCOR - QUARTER NEGATIVELY IMPACTED BY ONGOING WEAKNESS IN WESTERN CANADA, LOWER PIPE COATING & OFFSHORE INSPECTION SERVICES ACTIVITY IN EMEA & RUSSIA.EXPECTS 2019 ANNUAL RESULTS WILL BE LOWER THAN 2018.

Shawcor Says Q2 Earnings Per Share C$0.73

Aug 8 (Reuters) - Shawcor Ltd <SCL.TO>::. ANNOUNCES SECOND QUARTER 2019 RESULTS.Q2 EARNINGS PER SHARE C$0.73.Q2 REVENUE C$411.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$375.8 MILLION.Q2 EARNINGS PER SHARE ESTIMATE C$0.05 -- REFINITIV IBES DATA.Q2 ADJUSTED EARNINGS PER SHARE C$0.27 EXCLUDING ITEMS.SHAWCOR - ORDER BACKLOG WAS $519 MILLION AT JUNE 30, WHICH INCLUDES ORDERS RELATED TO ZCL BUSINESS, HIGHER COMPARED TO BACKLOG OF $454 MILLION AT MARCH 31.CONTINUED EXPECTATION THAT 2019 WILL BE A YEAR OF TWO HALVES WHERE RESULTS OF SECOND HALF OF YEAR WILL BE AN IMPROVEMENT OVER FIRST HALF.COMPANY BELIEVES BACKLOG WILL BUILD IN 2019 AND THIS WILL ENABLE DELIVERY OF STRONGER RESULTS IN 2020.

Shawcor Ltd Reports Q1 Loss Per Share C$0.13

May 14 (Reuters) - Shawcor Ltd <SCL.TO>::SHAWCOR LTD. ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE C$0.13.Q1 REVENUE C$350 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$352.1 MILLION.Q1 EARNINGS PER SHARE ESTIMATE C$0.02 -- REFINITIV IBES DATA.Q1 ADJUSTED EARNINGS PER SHARE C$0.05 EXCLUDING ITEMS.ORDER BACKLOG WAS $454 MILLION AT MARCH 31, 2019, IN LINE WITH BACKLOG OF $459 MILLION AT DECEMBER 31, 2018..CONTINUES TO SEE SIGNS OF POSITIVE MOMENTUM IN OFFSHORE GLOBAL OIL & GAS CAPEX CYCLE FROM LOW POINT EXPERIENCED IN 2018.

Shawcor Announces Conditional Contract To Provide Pipe Coating Services For The Greater Tortue Ahmeyim Phase 1A Project

May 6 (Reuters) - Shawcor Ltd <SCL.TO>::SHAWCOR ANNOUNCES CONDITIONAL CONTRACT TO PROVIDE PIPE COATING SERVICES FOR THE GREATER TORTUE AHMEYIM PHASE 1A PROJECT.SHAWCOR LTD - CONTRACT IS SCHEDULED TO BE EXECUTED FROM KABIL, INDONESIA FACILITY DURING 2020.SHAWCOR LTD - ITS PIPE COATING DIVISION HAS BEEN AWARDED A CONDITIONAL CONTRACT FROM SUMITOMO CORPORATION EUROPE LTD VALUED AT ABOUT C$30 MILLION.

Shawcor Ltd Announces Closure Of New Credit Facility

March 13 (Reuters) - Shawcor Ltd <SCL.TO>::SHAWCOR ANNOUNCES CLOSURE OF NEW CREDIT FACILITY.SHAWCOR LTD - CREDIT FACILITY REPLACES SHAWCOR'S EXISTING CREDIT FACILITY AND PROVIDES FOR A US$500 MILLION, FOUR-YEAR SENIOR UNSECURED REVOLVING FACILITY.SHAWCOR LTD - CREDIT FACILITY WILL BE USED TO FUND PREVIOUSLY ANNOUNCED ACQUISITION OF ZCL COMPOSITES AND FOR OTHER GENERAL CORPORATE PURPOSES.

Shawcor Ltd Announces Fourth Quarter 2018 Results

March 6 (Reuters) - Shawcor Ltd <SCL.TO>::. ANNOUNCES FOURTH QUARTER 2018 RESULTS.Q4 EARNINGS PER SHARE C$0.06.Q4 REVENUE C$354 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$348.7 MILLION.Q4 EARNINGS PER SHARE ESTIMATE C$0.03 -- REFINITIV IBES DATA.ENTERED COMMITMENT LETTER PROVIDING US$500 MILLION, FOUR-YEAR SENIOR UNSECURED REVOLVING CREDIT FACILITY.CREDIT FACILITY WILL BE USED TO FUND ARRANGEMENT & REPLACE SHAWCOR'S EXISTING SENIOR CREDIT FACILITY.EXPECTS REVENUES TO SEQUENTIALLY IMPROVE THROUGHOUT 2019, PARTICULARLY IN SECOND HALF OF YEAR.HAS CONFIDENCE TO DELIVER STRONGER RESULTS IN 2020 FROM EXPECTED BUILD IN BACKLOG IN 2019.ORDER BACKLOG OF $459 MILLION AS AT DECEMBER 31, 2018.

Shawcor To Acquire ZCL Composites

Jan 20 (Reuters) - Shawcor Ltd <SCL.TO>::SHAWCOR TO ACQUIRE ZCL COMPOSITES.PURCHASE PRICE OF $10.00 PER SHARE, REPRESENTING AN AGGREGATE EQUITY VALUE OF $308 MILLION.PURCHASE PRICE OF $10.00 PER SHARE, REPRESENTING AN AGGREGATE EQUITY VALUE OF $308 MILLION.DEAL FINANCED WITH CASH AND NEW CREDIT FACILITY.LOW DOUBLE-DIGIT ADJUSTED EPS ACCRETION TO SHAWCOR IN FIRST YEAR POST DEAL CLOSING.ARRANGEMENT VALUES ZCL AT AN ENTERPRISE VALUE OF APPROXIMATELY $312 MILLION.ARRANGEMENT IS NOT SUBJECT TO A FINANCING CONDITION.ZCL BOARD RECOMMENDS THAT ZCL SHAREHOLDERS VOTE IN FAVOUR OF ARRANGEMENT.

Shawcor Q3 Earnings Per Share C$0.15

Nov 6 (Reuters) - Shawcor Ltd <SCL.TO>::ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE C$0.15.Q3 REVENUE C$351 MILLION VERSUS I/B/E/S VIEW C$354.2 MILLION.Q3 EARNINGS PER SHARE VIEW C$0.09 -- THOMSON REUTERS I/B/E/S.ORDER BACKLOG WAS $395 MILLION AT SEPTEMBER 30, 2018, DOWN COMPARED TO BACKLOG AT JUNE 30, 2018 OF $447 MILLION.SHAWCOR - CONTINUES TO EXPECT LOWER REVENUES IN LATIN AMERICA FOR REMAINDER OF 2018.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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