SNC-Lavalin announces results for 2012

On March 8, SNC-Lavalin announced its year-end results for 2012.

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 of December 2011.

Cash and cash equivalents totalled $1.2 billion as at December 31, 2012.

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.

The Board of Directors increased the cash dividend by 4.5% to $0.23 per share for the fourth quarter of 2012.