logo
  

John Wood Group Turns To Profit In H1, Orders Rise; Sees Higher FY22 Revenues

John Wood Group Plc (WG.L,WDGJF.PK), a British engineering and consulting firm, reported Tuesday that its first-half profit was $89 million, compared to last year's loss of $11 million.

Basic earnings per share were 13.0 cents, compared to loss of 1.7 cents last year.

Adjusted earnings per share were 5.7 cents, compared to 8.9 cents in the prior year.

Adjusted EBITDA was $185 million, down 5.1 percent from the prior year.

Revenue edged down 0.4 percent to $2.56 billion from prior year's $2.57 billion.

Order book, however, grew 4.7 percent to $6.42 billion from $6.13 billion a year ago.

Looking ahead, the company said it continues to expect higher revenue across business this year and an improved performance in the second half, helped by an improvement in Turbines joint ventures.

At 30 June 2022, revenue in order book from continuing operations for the second half of 2022 was $2.5 billion, an increase of 9 percent compared to the prior year equivalent figure of $2.3 billion.

For fiscal 2022, excluding Built Environment Consulting, Revenue is expected between $5.2 billion and $5.5 billion and adjusted EBITDA between $370 million and $400 million.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Precision care innovator GE HealthCare Technologies, Inc., recently spun-off from General Electric Co., reported on Monday that profit for the fourth quarter declined from last year, reflecting higher interest and other financial charges. The company also initiated adjusted earnings guidance for the full-year 2023. Japanese auto major Toyota Motor Corp. has retained its title as the world's top selling automaker in fiscal 2022 for the third straight year, by selling around 10.5 million vehicles. The global sales were nearly flat with last year amid solid demand centered around Asia, while global production grew with increased capacity and production optimization in North America and Asia. Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year's profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and beyond.
Follow RTT