SNC Lavalin beats earnings expectations as engineering services in hot demand in U.S. - constructconnect.com - Daily Commercial News

  • 📰 DCN_Canada
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 74%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

.SNCLavalin raised its financial forecast for the year on the heels of healthy organic revenue growth, as the company chipped away at a costly backlog of big, over-budget rail contracts.

Economic, US NewsMONTREAL — SNC-Lavalin Group Inc. raised its financial forecast for the year on the heels of healthy organic revenue growth, as the company chipped away at a costly backlog of big, over-budget rail contracts.

SNC hit organic revenue growth “out of the park,” said Desjardins analyst Benoit Poirier in a note to investors. Edwards pointed to the massive funding injection from the U.S. government via the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. He also cited “key wins this quarter” related to electric vehicle battery plants.

SNC knocked another $96 million off its LSTK backlog from three months earlier, reducing it to a still hefty $422 million – but down from $828 million a year prior. “Testing and commissioning on our two Ontario projects is proceeding as scheduled. Our last project, REM, continues to progress well, with the South Shore portion having successfully opened on July 31,” said Edwards – though the inauguration was marred by three disruptions.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 17. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Feds finance 60 rental units in Kitchener - constructconnect.com - Daily Commercial NewsThe federal government has announced funding towards construction of 60 purpose-built rental homes in Kitchener, Ont. The homes will be supported through a repayable low-interest loan of $16 million via the federal Rental Construction Financing Initiative.
출처: DCN_Canada - 🏆 17. / 74 더 많은 것을 읽으십시오 »

Avison Young CEO sees 'nothing but opportunity' ahead as commercial real estate market bottomsAvison Young CEO Mark Rose talks about the trouble with price discovery, the future of cities and why the worst may be behind us. Read on.
출처: nationalpost - 🏆 10. / 80 더 많은 것을 읽으십시오 »

Avison Young CEO sees 'nothing but opportunity' ahead as commercial real estate market bottomsAvison Young CEO Mark Rose talks about the trouble with price discovery, the future of cities and why the worst may be behind us. Read on.
출처: financialpost - 🏆 7. / 85 더 많은 것을 읽으십시오 »