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Last $1.02 USD
Change Today +0.1195 / 13.27%
Volume 737.4K
WG On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

willbros group inc (WG) Snapshot

Open
$0.91
Previous Close
$0.90
Day High
$1.02
Day Low
$0.88
52 Week High
09/2/14 - $10.94
52 Week Low
08/12/15 - $0.68
Market Cap
63.4M
Average Volume 10 Days
426.4K
EPS TTM
$-1.20
Shares Outstanding
62.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WILLBROS GROUP INC (WG)

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willbros group inc (WG) Details

Willbros Group, Inc., together with its subsidiaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical, and power industries in the United States and internationally. It provides engineering, procurement, and construction (EPC); and turnarounds, maintenance, facilities development, and operations services. The company operates through four segments: Oil & Gas, Professional Services, Utility T&D, and Canada. The Oil & Gas segment offers construction, project management, maintenance, and lifecycle extension services to the upstream, midstream, and downstream markets. This segment’s activities include the execution of pipeline projects ranging from gathering and processing systems to oil and gas drilling activity; construction of pipelines to connect these resources to end-markets; and provision of integrated specialty construction, turnaround, repair, and maintenance services to integrated oil companies, independent refineries, product terminals, and petrochemical companies. The Professional Services segment provides engineering, procurement, EPC, project management, integrity, and field services to the oil and gas and electric utility industries. The Utility T&D segment provides a range of services in electric and natural gas transmission and distribution, including maintenance and construction, repair, and restoration of utility infrastructure. The company’s Canada segment offers construction, maintenance, and fabrication for piping projects consisting of integrity and supporting civil work, general mechanical and facility construction, American Petroleum Institute storage tanks, general and modular fabrication, and electrical and instrumentation projects in the Canadian energy industry. Willbros Group, Inc. was founded in 1908 and is headquartered in Houston, Texas.

7,959 Employees
Last Reported Date: 03/31/15
Founded in 1908

willbros group inc (WG) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $209.0K
President and Chief Operating Officer
Total Annual Compensation: $412.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $461.9K
Executive Vice President and Product Line Exe...
Total Annual Compensation: $412.7K
President of Engineering & Technology and Exe...
Total Annual Compensation: $412.5K
Compensation as of Fiscal Year 2014.

willbros group inc (WG) Key Developments

Willbros Group Receives Non-Compliance Notice From NYSE

Willbros Group Inc. announced that it received notification on August 11, 2015 from the New York Stock Exchange (NYSE) that the price of Willbros common stock has fallen below the NYSE's continued listing standard, which requires the average closing price of a listed company's common stock to be at least $1.00 per share over a consecutive 30-day trading period. Willbros intends to respond to the NYSE within 10 business days with a plan to cure the deficiency. The Company has six months, or in certain circumstances, until it can take shareholder action at its next annual meeting, to regain compliance with the NYSE continued listing requirements. During the cure period, Willbros common stock will continue to be listed and traded on the NYSE, subject to compliance with the other listing standards. The NYSE notification does not conflict with or violate any of the Company's credit or debt obligations. If the Willbros share price has not recovered at the end of the cure period, or, under certain circumstances, after the Company's next annual meeting if shareholder action is required, the Company's common stock will be subject to NYSE's suspension and delisting procedures.

Willbros Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Willbros Group Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported a net loss of $18.9 million, or $0.32 per diluted share, on revenue of $286.9 million, compared to a net loss of $15.5 million, or $0.32 per diluted share, on revenue of $539.8 million in the second quarter of 2014. Operating loss was $12.3 million compared to operating income of $6.6 million in the second quarter of 2014. The company's second quarter of 2015 operating results include a $2.2 million loss on the sale of its Downstream Professional Services subsidiary and $4.7 million in other charges primarily related to equipment and facility lease abandonment charges and employee severance expenses. Operating loss was $12.285 million against operating income of $6.560 million a year ago. Loss from continuing operations before income taxes was $19.232 million against $2.016 million a year ago. Loss from continuing operations was $19.023 million or $0.32 per diluted share against $4.891 million or $0.10 per diluted share a year ago. Cash provided by operating activities was $18.105 million against cash used in operating activities of $47.798 million a year ago. Adjusted EBITDA from continuing operations was $0.867 million against $16.355 million a year ago. Operating loss before these special items was $5.4 million in the second quarter of 2015, which was a $14 million improvement from an from operating loss before special items of USD 19.4 million in the first quarter of 2015. For the six months, the company reported contract revenue $633.855 million against $1,016.328 million a year ago. Operating income was $22.876 million against $0.911 million a year ago. Loss from continuing operations before income taxes was $28.346 million against $15.343 million a year ago. Loss from continuing operations was $28.454 million or $0.52 per diluted share against $21.887 million or $0.45 per diluted share a year ago. Net loss was $28.710 million or $0.52 per diluted share against $40.501 million or $0.83 per diluted share a year ago. Cash provided by operating activities was $14.211 million against cash used in operating activities of $48.084 million a year ago. Purchases of property, plant and equipment was $1.641 million against $8.353 million a year ago. Adjusted LBITDA from continuing operations was $8.696 million against adjusted EBITDA of $21.367 million a year ago. For 2015 the company now expects annual revenue to range from $1.2 billion to $1.3 billion. On a pro forma basis, after the company have completed the anticipated asset sales and the entire Professional Services segment is reported in discontinued operations, the company would expect to report 2015 revenue of approximately $1.0 billion from continuing operations. The revenue decline from 2014 is due to asset sales and the smaller footprint of the company Oil & Gas segment as the company reshape its service offering and rebuild backlog.

Willbros Group Inc., Q2 2015 Earnings Call, Aug 07, 2015

Willbros Group Inc., Q2 2015 Earnings Call, Aug 07, 2015

 

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