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BRIEF-Stuart Olson Q1 Earnings Per Share C$0.09

Published 2019-05-08, 06:10 p/m
© Reuters.  BRIEF-Stuart Olson Q1 Earnings Per Share C$0.09
SOX
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May 8 (Reuters) - Stuart Olson Inc SOX.TO :

* STUART OLSON REPORTS FIRST QUARTER RESULTS

* Q1 EARNINGS PER SHARE C$0.09

* ADDED APPROXIMATELY $300 MILLION TO CONSOLIDATED BACKLOG IN QUARTER

* QTRLY CONTRACT REVENUE $220.9 MILLION VERSUS $265.9 MILLION

* ANTICIPATE NEAR-TERM NEGATIVE IMPACTS OF MANDATORY ALBERTA OIL PRODUCTION CURTAILMENT ON CAPITAL SPENDING WILL CONTINUE INTO Q2

* STUART OLSON EXPECTS 2019 CONSOLIDATED CONTRACT REVENUE AND ADJUSTED EBITDA TO BE MEANINGFULLY HIGHER

* SEES 2019 ADJUSTED EBITDA MARGIN TO BE STABLE COMPARED TO 2018

* FOR SECOND HALF OF THIS YEAR, WE EXPECT YEAR-OVER-YEAR INCREASES IN CONTRACT REVENUE AND ADJUSTED EBITDA

* Q1 EARNINGS PER SHARE VIEW C$-0.07, REVENUE VIEW C$242.6 MILLION -- REFINITIV IBES DATA

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