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IBI Group Inc T.IBG.DB.E

IBI Group Inc. is a global design and technology company. The Company offers a range of services, including architectural controls, architecture, bridge engineering, civil engineering, construction management, data analytics, design technology, development engineering, economics/financial analysis, electrical engineering, energy solutions, engineering, environmental assessment, geomatics/land surveying, highway and road design, and indigenous engagement and relations. The Company¿s services also include interiors, land use planning, landscape architecture, mechanical engineering, municipal infrastructure, operations and maintenance, parametric design, placemaking, planning and urban design, public outreach, research and development, software development, systems engineering, traffic engineering, transit planning, transportation engineering, visualization, water resources management, and water/wastewater. The Company has over 60 offices in major urban centers across the globe.


TSX:IBG.DB.E - Post by User

Bullboard Posts
Comment by Calgaryrideron May 16, 2018 11:44pm
135 Views
Post# 28043432

RE:RE:RE:Q1 results

RE:RE:RE:Q1 resultsHere are the transcripts, read for yourself!

https://finance.yahoo.com/news/edited-transcript-ibg-earnings-conference-235709583.html?.tsrc=applewf

I
n summary, the US is the only sore spot.  They acknowledge performance there is unacceptable and the. Owner will be turned this year.   The UK has rebounded, Other International markets are outstanding and Canada (through flat) is still doing very well.

They mentioned that Canadian margins and revenues have been flattish because they are chasing some massive PPP projects that, if they win, will be outstanding. From experience, Bids on PPP projects (which incl conducting real engineering and architecture) are done at or just above cost in the hopes of winning large Long-term contracts.   I’m sure they’ll win a few and they indicated here is upside on both top and bottom lines this year if they do.  

All in all, 2018 will be steady.
There was no talk of dividends or additional tech investments, though.
Hope that helps.
Bullboard Posts