New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 28, 2013
13:44 EDTICAEmpresas ICA reports reports Q1 EP/ADS 9c vs 42c in 1Q12
Reports Q1 revenue Ps. 6,909M, a decrease of 27% from 1Q12. Construction revenue decreased 41% as a result of the transition to new large projects that are just getting underway, while concessions revenues and Airports revenues grew 81% and 12%, respectively.The results for the first quarter of 2013 reflect the transition between the completion of existing large scale projects and the start up of new ones, which reduced Construction revenues and margins. This was partially offset by the strong performance of Concessions, based on the start of operations of four consolidated concessions in late 2012, and continued strong performance from Airports. ICA expects that full year 2013 revenues will rebound and increase an estimated 9% to 12%, compared to 2012. Construction revenue is expected to recover in the second half of the year, while Concessions and Airports are expected to continue their growth dynamic. ICA also expects to generate an Adjusted EBITDA margin approximately equivalent to 2012, and be in the range of 13% to 16%.
News For ICA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 31, 2014
05:19 EDTICAICA Fluor awarded $264M contract for Shell heavy oil project in Canada
Subscribe for More Information
October 30, 2014
19:02 EDTICAICA Fluor awarded $264M heavy oil extraction contract
Fluor Corporation (FLR) announced that ICA Fluor, its industrial engineering, fabrication and construction joint venture with Empresas ICA (ICA), signed a contract with Shell Canada Energy to supply modular fabrication and procurement services for 13 well pads for heavy oil extraction at Shell’s Carmon Creek project currently under construction in northern Alberta. The project is expected to produce about 80,000 barrels per day of heavy oil from Shell’s Peace River Operations using steam recovery methods. The initial contract awarded to ICA Fluor is worth $264M, and Fluor will book its $132M share in Q4. Completion is scheduled for December 2017.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use