SNC-Lavalin Posts Profit In Q2, Backs FY Guidance - Quick Facts

(RTTNews) - Engineering and construction company SNC-Lavalin Inc. (SNCAF.PK, SNC.TO) Friday reported second-quarter net income attributable to shareholders of C$32.1 million or C$0.21 per share compared with a net loss of C$37.7 million or C$0.25 per share last year. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of C$0.63 per share for the quarter. Analysts' estimates typically exclude special items. The company said that the net loss for the year-ago quarter mainly reflected a negative EBIT in the Oil & Gas and Infrastructure & Construction sub-segments. Revenues were down to C$1.7 billion from C$1.9 billion in the second quarter of 2013, while analysts' estimates was C$1.80 billion. The company backed its full-year earnings per share guidance range of C$2.80 - C$3.05. Further, the board declared a cash dividend of C$0.24 per share, payable on September 5, to shareholders of record on August 22.