UK's Wood Group's shares sink 30% on negative cash flow forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Reuters
John Wood Group's Financial Update: Shares of John Wood Group fell 30% after the company announced it expects negative free cash flow of up to $200 million this year, contrasting with previous expectations of significant positive cash flow.
Company's Response and Future Outlook: The firm plans to strengthen its financial controls following an independent review and aims to return to positive free cash flow next year, while also relying on proceeds from asset disposals to support its balance sheet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
