GENEVA (dpa-AFX) - Engineering and construction contractor Foster Wheeler AG (FWLT) said Tuesday it now expects its 2013 adjusted earnings per share to be flat to moderately below its adjusted earnings per share of $1.54 in 2012, including unfavorable items of about $0.11. The company further said this impact will be reflected in its first-quarter earnings per share, estimated to be about $0.12, or $0.14 on an adjusted basis, excluding asbestos-related provisions totaling $0.02 per share.
The company also reaffirmed its full-year guidance regarding scope revenues, EBITDA margins on scope revenues and EBITDA for its two business groups, issued on March 1.
The unfavorable items included mark-to-market losses on currency transactions amounting to about $0.07 per share, and an additional non-cash impairment charge relating to the Camden, New Jersey, waste-to-energy facility of about $0.04 per share.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
