Willbros Announces Preliminary 2017 Operating Results; Assessing Strategic Options
WILLBROS GROUP (WG)
Last willbros group earnings: 11/8 04:30 pm
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US:NYSE Investor Relations:
investors.willbros.com
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Source: GlobeNewswire
Files Form 12b-25 with Securities and Exchange CommissionReceives Continued Listing Standard Notice from NYSEAnnounces Customer Contract Extension that adds Significant Backlog in the First Quarter 2018Announces Preliminary Settlement of Class Action Lawsuit HOUSTON, March 19, 2018 (GLOBE NEWSWIRE) -- Willbros Group, Inc. (NYSE:WG) (“Company”) announced today that the Company has taken advanced actions to assess its strategic alternatives, which include selling all, or substantially all, of its assets; seeking additional financing; or refinancing, recapitalizing, or restructuring all or a portion of its existing debt. The Company has been working extensively with advisory firms and legal counsel to progress these options separately and in combination. The Company expects its operating loss for the year ended December 31, 2017 to range from $85.0 million to $95.0 million with corresponding revenue of approximately $850 million. This operating loss is primarily driven by losses on
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