March 1, 2018 / 11:17 PM / 4 months ago

BRIEF-Shawcor Q4 Earnings Per Share C$0.28

March 1 (Reuters) - Shawcor Ltd:

* Q4 REVENUE C$426 MILLION

* ‍WITH ABSENCE OF A LARGE PIPE COATING PROJECT IN 2018, EXPECTS TO SEE A STEP DOWN IN EBITDA STARTING IN Q1

* ‍ORDER BACKLOG WAS $385 MILLION AT DEC 31, 2017, DOWN COMPARED TO BACKLOG AT SEPTEMBER 30, 2017 OF $482 MILLION​

* PAUL ROBINSON WILL RETIRE AS CHAIR OF BOARD EFFECTIVE MAY 8, 2018

* APPOINTED INDEPENDENT DIRECTOR DONALD WISHART AS ITS NEW CHAIR OF BOARD, EFFECTIVE MAY 8, 2018

* SHAWCOR - AS NO LARGE PROJECT WIN WAS ANNOUNCED IN Q4, IT IS LIKELY THAT CO WILL EXPERIENCE A "SIGNIFICANT" DECLINE IN FINANCIAL RESULTS IN 2018 VERSUS 2017

* SHAWCOR - ‍RIG COUNTS, ASSOCIATED COMPLETION ACTIVITY IN NORTH AMERICAN LAND "HAVE SHOWN SIGNS OF STABILITY IN CURRENT OIL AND GAS PRICE ENVIRONMENT​"

* Q4 EARNINGS PER SHARE VIEW C$0.33 -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below