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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  SNC-Lavalin Group Inc.    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
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SNC Lavalin : awarded $20 million USD Texas Department of Transportation contract for corridor planning and development

10/26/2020 | 10:14am EST

MONTREAL - SNC-Lavalin (TSX: SNC) was selected as prime consultant under a $20 million USD, five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract to provide corridor planning and development services for the Texas Department of Transportation (TxDOT).

Under the contract, the Company will assist TxDOT in developing solutions that address current and future transportation needs for major corridors across the state.

The Company will provide professional services for the corridor development process, including analysis of existing transportation systems such as roadway, transit, freight, bicycle and pedestrian. Other tasks under this contract could include corridor feasibility analyses, relief route studies, multimodal analyses of current and future transportation needs, freight analyses, and various strategy development for state-, region- and district-wide projects.

'This is another important win for our North America business which continues to help improve and modernize transport infrastructure that is vital for regional communities and economies,' said Philip Hoare, President of Atkins, Engineering, Design and Project Management, SNC-Lavalin. 'We look forward to adding to the tremendous work we've already carried out for TxDOT in support of their short- and long-term goals.'

With a clear understanding of project assignment needs and success in developing innovative approaches and concepts, the Company has a proven history of delivering quality planning work products for TxDOT for more than 15 years. Most recent projects include the Interstate 69 System Statewide Corridor Planning, Texas Transportation Plan 2050, the State Loop 360 Improvement Corridor Feasibility Study, U.S. 82 Safety Improvement Feasibility Study, Interstate 45 Freight Corridor Plan and Statewide Freight Mobility Plan and Implementation.

'We will support TxDOT with critical data and studies for performance-based planning and programming to effectively implement the state's system-wide improvements,' said George Nash, CEO, Atkins North America. 'From insufficient traffic capacity to safety challenges, identifying and prioritizing improvements for these critical Texas corridors will make them safer for the surrounding communities, travelers and transporters.'

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees think beyond engineering. Our teams provide comprehensive end-to-end project solutions including capital investment, consulting, design, engineering, construction management, sustaining capital and operations and maintenance to clients across the EDPM (engineering, design and project management), Infrastructure, Nuclear, and Resources businesses.

Contact:

Daniela Pizzuto

Tel: 514-393-8000

Email: media@snclavalin.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 8 272 M 6 363 M 6 363 M
Net income 2020 -239 M -184 M -184 M
Net Debt 2020 1 151 M 886 M 886 M
P/E ratio 2020 -19,2x
Yield 2020 0,33%
Capitalization 4 299 M 3 312 M 3 307 M
EV / Sales 2020 0,66x
EV / Sales 2021 0,59x
Nbr of Employees 46 490
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 32,29 CAD
Last Close Price 24,49 CAD
Spread / Highest target 67,4%
Spread / Average Target 31,8%
Spread / Lowest Target -6,08%
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Managers
NameTitle
Ian L. Edwards President, Chief Executive Officer & Director
Bill L. Young Chairman
Jeffrey Allan Bell Chief Financial Officer
Steven Leon Newman Independent Director
Jean Raby Independent Director
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