Willbros Group (WG) Misses Q3 EPS Views; Elects New Chairman, Appoints New CEO
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November 6, 2015 6:45 AM EST
HOUSTON, Nov. 6, 2015 /PRNewswire/ --Â Willbros Group, Inc. (NYSE: WG) today announced that its Utility T&D segment has won two projects with aggregate contract value of approximately $29 million. One project is for the installation of 115KVA duct bank in a congested urban setting. Project work is expected to begin in January 2016 and scheduled for completion in 12 months. The second project is for the replacement of both steel and plastic gas mains and approximately 1,900 gas service connections, also in an urban setting. Project work is anticipated to start in the... More
November 5, 2015 6:24 PM EST
HOUSTON, Nov. 5, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today announced results for the third quarter and the nine months ended September 30, 2015. The Company reported a net loss in the third quarter of 2015 of $17.2 million, or $0.29 per share, on revenue of $266.8 million, compared to a net loss of $3.4 million, or $0.07 per share, on revenue of $559.7 million in the third quarter of 2014. Operating loss in the third quarter of 2015 was $10.1 million compared to operating income of $11.4 million in the third quarter of 2014. The Company's third quarter of 2015 operating results include a... More
November 5, 2015 5:42 PM EST
HOUSTON, Nov. 5, 2015 /PRNewswire/ --Â Willbros Group, Inc. (NYSE: WG) today 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 ("COO"), in addition to his current duties, has also been appointed Chief Executive Officer ("CEO"). Mr. Fournier has also been appointed to the Board of Directors and will serve on the Finance and Executive Committees. John T. McNabb, II, current Chairman and CEO will return to his role on the Board of Directors and on the... More
