Last A$16.60 AUD
Change Today -0.05 / -0.30%
Volume 762.9K
WOR On Other Exchanges
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As of 2:11 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

worleyparsons ltd (WOR) Snapshot

Open
A$16.74
Previous Close
A$16.65
Day High
A$16.75
Day Low
A$16.50
52 Week High
09/30/13 - A$24.54
52 Week Low
03/27/14 - A$14.72
Market Cap
4.1B
Average Volume 10 Days
1.6M
EPS TTM
A$1.13
Shares Outstanding
243.5M
EX-Date
03/3/14
P/E TM
14.7x
Dividend
A$0.89
Dividend Yield
5.34%
Current Stock Chart for WORLEYPARSONS LTD (WOR)

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worleyparsons ltd (WOR) Details

WorleyParsons Limited provides professional services to the resources and energy sectors, and complex process industries. It provides engineering design, project delivery services, and maintenance and reliability support services. The company operates in four segments: Hydrocarbons; Minerals, Metals and Chemicals; Infrastructure and Environment; and Power. The Hydrocarbons segment provides its services for fixed offshore production facilities, floating and deep water solutions, offshore pipelines and subsea systems, onshore pipelines and receiving terminals, onshore oil and gas production facilities, and heavy oil and oil sands, as well as LNG liquefaction and re-gasification, refining and petrochemicals, and sulphur management industries. The Minerals, Metals and Chemicals segment provides engineering and project services for base metals, coal, chemicals, ferrous metals, alumina, aluminum, iron ore, and gas cleaning industries. The Infrastructure and Environment segment offers its services to resource infrastructure, urban infrastructure, ports and marine terminals, rail, water, municipal, transport, environment, geophysics, and geotechnical industries. The Power segment offers its services to advanced coal, coal, hydropower, nuclear, renewable energy, and resource power industries, as well as gas turbine based plants and power networks. The company operates in Asia and China, Australia, New Zealand, Canada, Europe, Latin America, the Middle East, North Africa, India, Sub-Saharan Africa, the United States, and the Caribbean. WorleyParsons Limited is based in North Sydney, Australia.

39,800 Employees
Last Reported Date: 08/13/13

worleyparsons ltd (WOR) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: A$1.3M
Chief Financial Officer
Total Annual Compensation: A$307.4K
Group Managing Director of Operations
Total Annual Compensation: A$1.1M
Group Managing Director of New Ventures
Total Annual Compensation: A$887.9K
Group Managing Director of Improve
Total Annual Compensation: A$401.3K
Compensation as of Fiscal Year 2013.

worleyparsons ltd (WOR) Key Developments

WorleyParsons Limited Announces Reorganization of Business; Plans to Cut More Jobs in New Restructure; Reaffirms Earnings Guidance for the Fiscal Year of 2014

WorleyParsons Limited announced a reorganization of the business as part of an in-depth review of operations. The company will reorganize into three business lines ­ Services, Major Projects, and Improve ­ to provide better customer focus and delivery. The company will also reduce the level of corporate overheads to establish a more competitive cost structure for business lines. Under the changed structure, Services will continue to provide high quality service offering, including consulting, delivery and Improve, with local offices focused on winning and delivering services to local customers and the local operations of regional and global customers. Services represents approximately 70% of current aggregated revenue. Major Projects and Improve will each address the specialist needs of their customers, with appropriate delivery and support models. Major Projects will be responsible for winning and leading the execution of large or complex projects wherever they are in the world supported by dedicated major project execution centers. Improve will be responsible for the leadership and execution of nominated long term operational and asset management contracts, as well as winning new contracts. All other operational and asset management contracts will be managed by Services. Each business line will have full accountability and responsibility for customer satisfaction, generating sustainable earnings and providing a satisfactory level of return on capital invested. In addition, each business line will be responsible for providing and sourcing the optimal level of operational support required. With the majority of support now provided in the individual business lines, group functions at the corporate level will be streamlined. This will result in a lean corporate office, with responsibility for strategy and improved capital allocation, in addition to usual governance activities. The Group will provide for restructuring costs as a result of the implementation of the review outcomes of approximately $35 million to be recognized in the current financial year. The overhead reductions and improved project delivery are expected to result in improved margins from next financial year. The reorganization takes effect from 1 May 2014 with financial reporting changes effective from July 1, 2014. WorleyParsons announced that it will cut more jobs in a new restructure that will hit 2014's bottom line by $35 million. The company reaffirmed that guidance for underlying net profit for fiscal 2014 of $260 million to $300 million, which was cut from a forecast increase from last year's $322 million.  The guidance does not include the extra restructuring costs of $35 million for 2014. It also announced overhead reductions and improved project delivery would result in improved margins from next financial year.

JB McNeil Resigns as Non-Executive Director of WorleyParsons Limited

WorleyParsons Limited announced that Mr. JB McNeil has given notice of his resignation from the board of directors effective immediately to attend to personal family matters.

WorleyParsons Wins AUD 132 Million Contract

WorleyParsons has won a AUD 132 million contract to provide engineering and procurement work for a bitumen refinery project in Canada.

 

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Industry Analysis

WOR

Industry Average

Valuation WOR Industry Range
Price/Earnings 15.5x
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 11.0x
TEV/Sales 0.3x
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