03.08.2023 13:05:54 - dpa-AFX: SNC-Lavalin Q2 Earnings Top Estimates On Higher Revenue
OTTAWA (dpa-AFX) - SNC-Lavalin Group Inc. (SNC) Thursday reported net income
from continuing operations of $63.8 million or $0.36 per share for the second
quarter, significantly higher than $1.6 million or $0.01 per share in the same
quarter a year ago.
Excluding one-time items, earnings were $71.9 million or $0.41 per share, that
beat the average estimate of analysts polled by Thomson-Reuters of $0.30 per
share. Analysts' estimates typically exclude special items.
Revenue for the quarter increased to $2.132 billion from $1.872 billion last
year. The consensus estimate was for $1.88 billion.
The company's SNCL Services revenue grew 21.8% to $2.0 billion.
For the full year, the company has raised its SNCL Services organic revenue
growth outlook to the range of 12%-15%, from the previous range of 5% - 7%.
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