Staff
SNC-Lavalin today announced its Q4 and year-end results. Highlights include:
- For the fourth quarter of 2012, net income attributable to SNC-Lavalin shareholders was $94.6 million ($0.63 per share on a diluted basis), compared to $76.0 million ($0.50 per share on a diluted basis) for the comparable quarter of 2011.
- For the year ended December 31, 2012, net income attributable to SNC-Lavalin shareholders was $309.1 million ($2.04 per share on a diluted basis), compared to $378.8 million ($2.49 per share on a diluted basis) for the same period of 2011.
- Net income excluding Infrastructure Concession Investments was $152.2 million for the year ended December 31, 2012, compared to $247.6 million for the corresponding period of 2011. SNC-Lavalin’s net income from Infrastructure Concession Investments was $156.9 million for the year ended December 31, 2012, compared to $131.2 million for the same period of 2011.
- Revenues for the year ended December 31, 2012, increased by 12.2% to $8.1 billion, compared to $7.2 billion for the year ended December 31, 2011.
- Revenue backlog remained strong at $10.1 billion at the end of December 2012, which is the same level as at the end ofDecember 2011.
- Cash and cash equivalents totalled $1.2 billion as at December 31, 2012.
- The Board of Directors increased the cash dividend by 4.5% to $0.23 per share for the fourth quarter of 2012.
- The Board of Directors adopted an advance notice by-law.
The company currently expects an annual growth in net income between 10% and 15% in 2013 compared to 2012.