Worley reaffirms FY25 outlook amid strong order wins
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The news: Engineering group Worley has reaffirmed its outlook for full-year earnings growth as the business continues to pick up new work in the resources sector.
The numbers: The contractor booked $9.4 billion of order wins for FY25 so far, up from $9 billion over the same period last year.
It reaffirmed the outlook for low double-digit earnings growth and underlying EBITA margin between 8% and 8.5% for the 2025 financial year.
The context: The company said new work in the resources sector is making a strong contribution, with the factored sales pipeline seeing a 14% increase since January 2025.
Worley on Monday unveiled an organisational restructure that will see its two regional group presidents reassigned to newly created global roles in an effort to streamline delivery of major energy, chemicals, and resources projects.
What they said: "While we acknowledge current uncertainty in global markets, we are stronger than ever, with our business continuing to show resilience," Worley chief executive Chris Ashton told shareholders at its investor day presentation.
"We continue supporting our customers as they navigate this environment while maintaining strong financial discipline and building on the foundations that underpin our long-term growth."
The source: ASX
