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SNC-Lavalin Reports Third Quarter 2020 Results
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Denis Jasmin, CPA, CA
Vice-President, Investor Relations
+1 514-393-8000 ext. 57553
(in millions of CA$, unless otherwise indicated)
Interactive analyst centre
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SNC-Lavalin Reports Third Quarter 2020 Results?
30 October 2020
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Non-IFRS and non-GAAP Financial Measures
In addition to disclosing financial information prepared in accordance with Canadian GAAP or IFRS, depending on the period, SNC-Lavalin also discloses certain non-GAAP and non-IFRS financial measures, such as gross margin, revenue backlog, operating income, EBITDA, freehold cash, bookings and working capital. Management believes that these indicators nevertheless provide useful information because they allow for the evaluation of the performance of SNC-Lavalin and its components based on various aspects, such as past, current and expected profitability and financial position.
Non-GAAP and non-IFRS financial measures do not have a standardized meaning as prescribed by GAAP and IFRS, and therefore may not be comparable to similar measures presented by other issuers.
Definitions of all non-GAAP and non-IFRS financial measures are provided in SNC-Lavalin’s Management Discussion and Analysis (MD&A) to give the reader a better understanding of the indicators used by management, and when applicable, SNC-Lavalin provides in its MD&A a clear quantitative reconciliation from the non-GAAP and non-IFRS financial measures to the most directly comparable measure calculated in accordance with GAAP and IFRS.