John Wood Group's Q1 2024 adjusted EBITDA increased 4%, despite a 6% revenue drop to $1.36B, with revenue from Operations up 5%.
The John Wood Group Plc., an engineering and consulting firm, reported a 4% increase in its adjusted EBITDA for Q1 2024, despite a 6% drop in revenues to $1.36B. The revenue from Operations increased by 5%, while Project revenue experienced a 15% decrease and Investment Services revenue dropped by 32%. The company confirmed its EBITDA projection for 2024 and outlook for 2025.
May 09, 2024
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