Strong Start to 2025
ATCO achieved adjusted earnings of $160 million in Q1 2025, an 8% increase from the previous year, driven by increased activity at ATCO Structures and growth in rate base and cost efficiencies at ATCO Energy Systems.
ATCO Structures Growth
ATCO Structures delivered adjusted earnings of $26 million in Q1 2025, marking the 11th consecutive quarter of year-over-year growth, with a $2 million increase from the prior year due to workforce housing sales in Australia.
Successful ATCO Investments Segment
The newly created ATCO Investments segment saw growth, with Neltume Ports delivering $3 million in adjusted earnings growth due to improved cargo mix and margins.
Cash Flow Growth
ATCO businesses reported cash flow from operating activities of $120 million in Q1, up from $52 million in the prior year, driven by timing and focus on efficiencies.
Expansion and Strategic Investments
ATCO Structures expanded its manufacturing and operations in Adelaide, South Australia, and continues to invest in market share and expansion strategy in Canada, the US, and Australia.