ShawCor Ltd. Announces Fourth Quarter And Full Year 2008 Results

About this update from Mattr Corp

[{"type":"text","content":"\n\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, Feb. 19 /CNW/ -\n\n\nFinancial Summary\n\n(In thousands of Three Months Twelve Months\n Canadian dollars except Ended Dec. 31 Ended Dec. 31\n per share amounts) 2008 2007 2008 2007\n-------------------------------------------------------------------------\nOperating Results\nRevenue $ 433,853 $ 285,438 $1,379,577 $1,048,099\nEBITDA (note 1) 98,616 50,731 265,963 202,808\nOperating income from\n continuing operations 76,564 39,492 201,718 160,001\nIncome from continuing\n operations 56,697 34,053 138,717 117,819\nIncome (loss) from\n discontinued operations 609 (30,300) 11,011 (30,462)\nNet income 57,306 3,753 149,728 87,357\n\nNet income (loss) per share\n (Class A and B) - Basic\n Continuing operations 0.80 0.48 1.96 1.62\n Discontinued operations 0.01 (0.42) 0.16 (0.42)\n Total 0.81 0.06 2.12 1.20\n\nNet income (loss) per share\n (Class A and B) - Diluted\n Continuing operations 0.80 0.47 1.94 1.60\n Discontinued operations 0.01 (0.42) 0.15 (0.41)\n Total 0.81 0.05 2.09 1.19\n-------------------------------------------------------------------------\nCash Flow\nCash from operating\n activities 82,014 8,820 176,738 97,514\nAdditions to property,\n plant and equipment 27,800 28,551 89,799 91,855\n-------------------------------------------------------------------------\nFinancial Position\nWorking capital 227,312 255,625\nTotal assets 1,228,466 963,614\nShareholders' equity per\n share (Class A and B)\n (note 2) $ 10.42 $ 8.09\n-------------------------------------------------------------------------\nNote 1: EBITDA is a non-GAAP measure calculated by adding back to income\nfrom continuing operations, the sum of interest (income)/expense, taxes\nand depreciation/amortization of property, plant and equipment. EBITDA\ndoes not have a standardized meaning prescribed by GAAP and is not\nnecessarily comparable to similar measures prescribed by other companies.\nEBITDA is used by many analysts in the oil and gas industry as one of\nseveral important analytical tools. The following is the calculation of\nEBITDA for the periods presented above:\n\nIncome from continuing\n operations 56,697 34,053 138,717 117,819\nAdd (deduct):\n Income taxes 17,777 6,285 57,590 47,205\n Interest (income)\n expense 2,154 (743) 5,659 (4,381)\n Amortization of\n property, plant and\n equipment 21,988 11,136 63,997 4...

More updates from Mattr Corp