BRIEF-Willbros Sees FY'17 Revenue Of About $850 Mln [Reuters]
WILLBROS GROUP (WG)
Last willbros group earnings: 11/8 04:30 pm
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Source: Reuters
BRIEF-Willbros Sees FY'17 Revenue Of About $850 Mln | Reuters Reuters Staff 2 Min Read March 19 (Reuters) - Willbros Group Inc: * WILLBROS ANNOUNCES PRELIMINARY 2017 OPERATING RESULTS; ASSESSING STRATEGIC OPTIONS * EXPECTS FY OPERATING. LOSS TO RANGE FROM $85.0 MILLION TO $95.0 MILLION * ?HAS TAKEN ADVANCED ACTIONS TO ASSESS ITS STRATEGIC ALTERNATIVES * IN ADVANCED DISCUSSIONS WITH MULTIPLE PARTIES REGARDING A SALE OF COMPANY OR PORTIONS OF COMPANY * WILLBROS GROUP - ON FEB. 16, REACHED AGREEMENT IN PRINCIPLE TO SETTLE SECURITIES CLASS ACTION LAWSUIT RELATED TO 2014 RESTATEMENT OF FINANCIAL RESULTS * WILLBROS GROUP - MAINLINE PIPELINE PROJECT LOSSES HAVE CONTINUED THROUGH Q1 OF 2018 WITH SUBSTANTIAL WEATHER IMPACTS IN Q4 OF 2017 AND Q1 OF 2018 * MAINLINE PIPELINE PROJECT LOSSES HAVE “ADVERSELY IMPACTED” CO’S PROFITABILITY, CASH FLOW AND LIQUIDITY * ALL LOSSES ASSOCIATED WITH MAINLINE PIPELINE PROJECT WERE ACCOUNTED FOR IN Q4 2017 RESULTS * INITIATED STEPS TO CONSTRAIN NORTHEAST PIPELI
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