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Willbros Group Inc (WG.N)

WG.N on New York Stock Exchange

2.42USD
26 May 2017
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Willbros announces details of new awards totaling $70 mln
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Willbros Group : :Willbros announces details of new awards totaling $70 million.About $28 million of new contract awards were consummated in late Q1 2017 and are included in March 31, 2017 backlog.  Full Article

Willbros Group reports Q1 loss per share $0.29
Tuesday, 2 May 2017 04:15pm EDT 

May 2 (Reuters) - Willbros Group Inc :Willbros reports first quarter 2017 results.Q1 loss per share $0.29.Willbros Group Inc says anticipate significant increase in revenue and improvement in operating income in Q2 2017.Q1 revenue $163.9 million versus $199 million.Willbros Group Inc says twelve-month backlog at March 31, 2017 increases 26% from $420 million to $528 million.  Full Article

Willbros Q4 loss per share $0.23 from continuing operations
Tuesday, 7 Mar 2017 07:14pm EST 

Willbros Group Inc : Willbros reports fourth quarter and full year 2016 results . Q4 loss per share $0.23 from continuing operations . Q4 revenue $164.4 million versus $217.7 million . Willbros group inc - company obtains covenant amendment from lender . Willbros group inc says at december 31, 2016, company reported total backlog of $792.5 million compared to $646.6 million at september 30, 2016 . Willbros group inc - on march 3, 2017, company amended its term loan to extend its covenant holiday through june 30, 2017 .Willbros group inc - on march 3, 2017, company put in place less stringent financial covenants for remainder of 2017.  Full Article

Willbros Q4 loss per share $0.23 from continuing operations
Tuesday, 7 Mar 2017 06:21pm EST 

Willbros Group Inc : Willbros reports fourth quarter and full year 2016 results . Q4 loss per share $0.23 from continuing operations . Q4 revenue $164.4 million versus $217.7 million . Willbros group inc - company obtains covenant amendment from lender . Willbros group inc says at december 31, 2016, company reported total backlog of $792.5 million compared to $646.6 million at september 30, 2016 . Willbros group inc - on march 3, 2017, company amended its term loan to extend its covenant holiday through june 30, 2017 .Willbros group inc - on march 3, 2017, company put in place less stringent financial covenants for remainder of 2017.  Full Article

Willbros reports Q2 2016 results
Friday, 29 Jul 2016 05:14pm EDT 

Willbros Group Inc : FY2016 revenue view $852.3 million --Thomson Reuters I/B/E/S . Willbros Group Inc says "both our oil & gas and canadian businesses continue to face difficult challenges in this current market" . Willbros reports second quarter 2016 results . Q2 loss per share $0.09 excluding items . Q2 loss per share $0.10 . Q2 revenue $193.4 million versus I/B/E/S view $205.3 million . Q2 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S . Sees FY 2016 revenue $750 million to $800 million .At June 30, 2016, Willbros reported total backlog of $672.0 million, a decrease of $111.3 million from March 31, 2016 balance.  Full Article

Willbros Closes Sale of its Professional Services Segment
Tuesday, 1 Dec 2015 06:40am EST 

Willbros Group, Inc:closed on the sale of its Professional Services segment to TRC Companies in a cash deal valued at $130 million, subject to normal working capital and other adjustments.Willbros received payment at closing, less a balance of $7.5 million to be paid when certain customer consents, expected in the near term, are received.Willbros will apply the majority of the proceeds from the sale to reduce its term loan to less than $100 million.After customary closing costs, remaining funds from this sale and the October sale of Bemis subsidiary for $19.2 million, of approximately $43 million, will be used for working capital and other purposes.  Full Article

Willbros Group, Inc secures projects in Atlantic Seaboard Area
Friday, 6 Nov 2015 06:45am EST 

Willbros Group, Inc:Willbros wins additional projects in atlantic seaboard area.Says utility t&d segment has won two projects with aggregate contract value of approximately $29 million.  Full Article

Willbros Group Inc names S. Miller Williams Chairman, Michael J. Fournier Chief Executive Officer
Thursday, 5 Nov 2015 05:42pm EST 

Willbros Group Inc:Announced that its Board of Directors has elected S. Miller Williams, 64, Chairman of the Board.Michael J. Fournier, 52, currently President and Chief Operating Officer, in addition to his current duties, has also been appointed Chief Executive Officer.Fournier has also been appointed to the Board of Directors and will serve on the Finance and Executive Committees.  Full Article

Willbros Group Inc announces sale of professional services segment
Monday, 5 Oct 2015 06:30am EDT 

Willbros Group Inc:Announces sale of professional services segment.Says Willbros will retain $43 million of the net proceeds to maintain its current liquidity and working capital.Deal for $130 million.Says it has executed a purchase agreement for the sale of its professional services segment to TRC Companies Inc.Balance of the proceeds, net of closing and transaction expenses, will be applied to reduction of the company's term loan debt.  Full Article

Willbros Group Inc amends credit facilities
Friday, 2 Oct 2015 04:34pm EDT 

Willbros Group Inc:Says completed amendments to its 2015 term-loan and abl credit facilities.Says abl commitment has been reduced from $150 million to $100 million.Says abl includes accordion feature to expand up to $175 million to accommodate future revenue growth.  Full Article

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