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Last A$4.49 AUD
Change Today -0.06 / -1.32%
Volume 1.5M
DOW On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Frankfurt
As of 1:10 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

downer edi ltd (DOW) Snapshot

Open
A$4.46
Previous Close
A$4.55
Day High
A$4.52
Day Low
A$4.42
52 Week High
05/14/14 - A$5.59
52 Week Low
10/16/14 - A$3.93
Market Cap
2.0B
Average Volume 10 Days
1.8M
EPS TTM
A$0.48
Shares Outstanding
435.4M
EX-Date
02/17/15
P/E TM
9.3x
Dividend
A$0.34
Dividend Yield
7.64%
Current Stock Chart for DOWNER EDI LTD (DOW)

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downer edi ltd (DOW) Details

Downer EDI Limited, together with its subsidiaries, provides engineering, construction, and asset management services to customers in the minerals and metals, oil and gas, power, transport, telecommunications, water, and property sectors. The company’s Downer Infrastructure Australia segment offers a suite of engineering, construction, and project management services in the public and private infrastructure industries, which include construction, road and rail infrastructure, power systems, asphalt, mining and materials handling, minerals processing, communication networks, and water treatment and management. Its Downer Infrastructure New Zealand segment provides services for the construction, development, management, and maintenance of road and rail assets in the public and private sectors. This segment offers utility services, such as ground works for power, and open space and facilities management; infrastructure management, including airport runways and wharves; gas and telecommunications; and construction and maintenance of water supply and wastewater treatment. The company’s Downer Mining segment provides contract mining services, including open-cut and underground operations, whole-of-lifecycle mine planning, tyre management, explosives and exploration, drilling, and blasting and dust suppression services and technology. Its Downer Rail segment is involved in the design, build, fit-out, and maintenance of passenger rolling stock; and design, build and maintenance of freight rolling stock, including locomotives and rail wagons, as well as in importing and commissioning of completed locomotives units for use in the resources sector. Downer EDI Limited serves customers in Australia, New Zealand, Papua New Guinea, Vanuatu, Fiji, Hong Kong, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, the Philippines, South Africa, Botswana, Namibia, Brazil, Chile, the United Kingdom, Canada, and India. The company is headquartered in North Ryde, Australia.

20,000 Employees
Last Reported Date: 02/4/15

downer edi ltd (DOW) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$4.3M
Chief Financial officer
Total Annual Compensation: A$2.1M
Chief Executive Officer of Downer Mining
Total Annual Compensation: A$3.0M
Chief Executive Officer of Down Rail
Total Annual Compensation: A$1.4M
Group Head of Strategy, Growth and Innovation
Total Annual Compensation: A$1.5M
Compensation as of Fiscal Year 2014.

downer edi ltd (DOW) Key Developments

Downer EDI Ltd Prices New Issue of $250 Million Seven-Year Fixed-Rate Senior Unsecured Medium Term Notes

Downer EDI Ltd. announced it had priced a new issue of seven-year fixed-rate senior unsecured Medium Term Notes. The transaction is scheduled to complete on March 11. The issue was oversubscribed, but capped at $250 million at a pricing margin of 205 basis points over swap, which translates to a fixed-rate yield to maturity of 4.6825% per annum. Scheduled maturity date is March 11, 2022. The transaction was well-supported by investors in both Australia and Asia. Proceeds will be used to partly refinance the bridge loan facility entered into for the acquisition of Tenix Holdings Australia Pty Ltd. in October 2014. National Australia Bank and Westpac Institutional Bank acted as joint lead managers to the transaction.

Downer EDI Limited Wins Expanded Christmas Creek Contract

Downer EDI Limited announced that it had been awarded an expanded contract to perform mining services for Fortescue Metals Group Limited at the Christmas Creek open cut iron ore mine in Western Australia. Mining operations at Christmas Creek currently take place at two sites - Christmas Creek 1 and Christmas Creek 2. Downer currently performs mining services at Christmas Creek 1 while Macmahon Holdings Limited performs mining services at Christmas Creek 2. Fortescue has decided to consolidate the mining services at Christmas Creek into a single contract that commences in April 2015. The new consolidated contract, including drill and blast and load and haul of overburden and iron ore, has been awarded to Downer. Downer's new contractual arrangement with Fortescue, which runs until the end of September 2016, is valued at approximately $720 million. The new contract includes an option for an additional year. Fortescue will provide the majority of the additional plant and equipment required for the expanded scope of the contract.

Downer EDI Limited Announces Consolidated Earnings Results for the Six Months Ended December 31, 2014; Reaffirms Earnings Guidance for the Full Year of Fiscal 2015

Downer EDI Limited announced consolidated earnings results for the six months ended December 31, 2014. For the six months, the company made a profit of AUD 94.7 million, down 4.4% from AUD 99.1 million compared with the corresponding time in 2013. Revenue was AUD 3.4 billion, down 10.2% from AUD 3.8 billion a year ago. Earnings before interest and tax were AUD 141,730,000 compared to AUD 160,077,000 a year ago. Profit before income tax was AUD 127,924,000 compared to AUD 136,330,000 a year ago. Profit for the period that is attributable to members of the parent entity was AUD 94,715,000 or 20.1 cents diluted per share compared to AUD 99,109,000 or 20.8 cents diluted per share a year ago. Net cash flows from operating activities were AUD 257,876,000 compared to AUD 280,333,000 a year ago. Payments for property, plant and equipment were AUD 92,917,000 compared to AUD 171,639,000 a year ago. Payments for intangible assets were AUD 4,580,000 compared to AUD 4,434,000 a year ago. Underlying diluted earnings per share were 21.2 cents compared to 20.8 cents a year ago. Closing net book value as at December 31, 2014 was AUD 898,640,000. EBIT for the group decreased by 11.5%, from AUD 160.1 million to AUD 141.7 million, due largely to reduced levels of activity in Australia. EBITDA was AUD 263.7 million compared to AUD 297.5 million a year ago. Adjusted operating cash flow was AUD 272.9 million compared to AUD 294.0 million a year ago. Net debt was AUD 252.7 million, at the half, that's after the AUD 300 million acquisition of Tenix, and Downer's gearing is 11.2% at that time. The company reaffirmed earnings guidance for the full year of fiscal 2015. The company reaffirmed its guidance for a full year profit of about AUD 210 million, compared to AUD 216 million in 2013-2014. Excluding acquisitions, the company project full year net capital expenditure to be around AUD 200 million.

 

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