Wood Group's shares dive 30% as cash flow forecast turns negative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Reuters
Financial Performance Decline: John Wood Group's shares dropped nearly 30% after announcing a negative free cash flow forecast of up to $200 million for the year, contrasting with previous expectations of significant positive cash flow.
Company Challenges and Future Outlook: The company has faced activist investor pressure, failed takeover proposals, and is undergoing a financial review due to past mixed performances; it aims to strengthen its financial controls and return to positive cash flow next year.
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.
