The engineering company has been working to set a new strategic direction for the company in recent months including the addition of several new senior executives and changes on its board of directors.
In reporting its results Friday, SNC says a special committee established in December 2018 to explore a range of alternatives has completed its work and been disbanded. The company says the loss amounted to $1.67 per diluted share for the quarter compared with a loss of $1.6 billion or $9.11 per diluted share in the same quarter a year earlier when it recorded a $1.2-billion goodwill impairment charge.SNC says its adjusted earnings per share amounted to 56 cents per share for the fourth quarter including 45 cents from its engineering and construction business. The result compared with an adjusted loss of $1.
I thought fraud settlement was a part of its business model, as with bribes, but I may be wrong.
rexglacer Don’t worry everyone, Justin will supply SNC with $292.9 million dollars of taxpayer funding to ensure the executives make bonus this year.
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