RE: Minded to recommend26 Jul 2025 11:06
An ongoing independent review, led by Deloitte, could result in prior-year adjustments relating to Woodβs Projects business, though the company does not expect a significant impact on its cash position.
Wood remains focused on cost-cutting, targeting $145 million in savings between 2023 and 2026. It plans to sell assets worth $150 million to $200 million to offset its cash shortfall and maintain debt levels. - Proactive.
Company spouting the sale is to pay down debt. Clearly they dont know the difference having said before it's needed to maintain debt levels. Fecking clueless board.