Britain's Balfour Beatty said on Thursday it won an 833 million pound ($1.14 billion) contract from French energy firm Technip Energies to help build a gas-fired electricity power plant in the UK.
Balfour Beatty plc (OTCPK:BAFBF) Q4 2024 Earnings Conference Call March 12, 2025 5:00 AM ET Company Participants Leo Quinn - Group Chief Executive Philip Harrison - Chief Financial Officer Conference Call Participants Gregor Kuglitsch - UBS Andrew Nussey - Peel Hunt Joe Brent - Liberum Arnaud Lehmann - Bank of America Robert Chantry - Berenberg Jonny Coubrough - Deutsche Numis Graham Hunt - Jefferies Mark Howson - Dowgate Capital Leo Quinn Good morning. Welcome to our 2024 Full Year Results.
Balfour Beatty PLC shares tumbled on Wednesday after the infrastructure firm announced chief executive Leo Quinn would depart following a decade at the helm. Philip Hoare, chief operating officer at engineering services firm AtkinsRéalis, would succeed Quinn following a transition period from September, Balfour said in a statement.
Balfour Beatty said it was on track to deliver earnings growth ahead of market forecasts this year, and that it planned further share buybacks in 2025.