DA Davidson Upgrades Willbros Group (WG) to Neutral

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Willbros Reports First Quarter 2015 Results

May 5, 2015 6:04 PM EDT

HOUSTON, May 5, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) announced today results for the first quarter 2015. The Company reported a net loss in the first quarter of $9.8 million, or $0.20 per share, on revenue of $346.9 million, compared to a net loss of $25.0 million, or $0.51 per share, on revenue of $476.5 million for the same period in 2014. First quarter 2015 operating income was $35.2 million compared to an operating loss of $5.6 million in 2014. The first quarter results included a $58.5 million, or $1.18 per share, gain on the sale of subsidiaries, and debt covenant suspension and extinguishment charges... More