Atkinsrealis Group Inc T.ATRL

Engineering Services

[Gabriel]

• SNCL Services revenue increased 1.0% to $1.7 billion, or 1.1% on an organic revenue growth(1)(5) basis, despite a $93.0 million positive impact of a favorable arbitration outcome in Q4 2021 in the Engineering Services segment.
• The revenue increase is 6.8% excluding the arbitration outcome in Q4 2021.

• SNCL Services Segment Adjusted EBIT of $155.9 million, representing a 9.0% margin
• The EBIT is 14.2m higher or 170.1m excluding Linxon that they intend to close..

• LSTK Projects Segment Adjusted EBIT of negative $150.2 million, following what management expects is the last material cost reforecast, as the two Ontario projects The revenue increase is 6.8% excluding the arbitration outcome in Q4 2021.
   
• LSTK Projects Segment Adjusted EBIT of negative $150.2 million, following what management expects is the last material cost reforecast, as the two Ontario projects have reached the major milestone of being largely physically complete
• Last material cost reforecast
• 2 LRT: Largely physically complete

 

• Net loss from continuing operations attributable to SNC-Lavalin shareholders totaled $54.4 million, or $0.31 per diluted share, compared to a net loss of $15.3 million, or $0.09 per diluted share in Q4 2021 
• Net cash generated from operating activities of $176.0 million
•  

[Alexcanada]

Normal Course Issuer Bid ("NCIB") In light of, among other factors, the positive results from the Company's SNCL Services for the fourth quarter and year ended December 31, 2022 and the Company's 2023 Outlook as set out above and with a view to returning capital to shareholders, the Company's Board of Directors has approved a normal course issuer bid to repurchase

[Gabriel]

With 4.5m shares sold short, we now have 6m shares potentially on the buy side. At 50,000 shares per day or 1 million shares per month, it will take 6 months to cover. The News today: 1. Engineering services EBIT was 171m excluding Linxon, and up from last year Q4 despite the 93m arbitrage pay out in Q4 2021. 2. Capital needs to be sold - possibly for 2B as net revenue is 61m or 3% for 2022

[Alexcanada]

For those who didn't get it : https://www.theglobeandmail.com/business/article-snc-lavalin-strategic-review-fourth-quarter-results/

[rad10]

I bought this as a contrarian play a few years ago.  Noticed the insider buying from Trudeau's trust fund manager - polish sounding name.  Kicking myself for not buying WSP in this sector.