The earnings call highlights significant growth in adjusted earnings and cash flow, along with strong performances in key business segments like ATCO Structures and Neltume Ports. However, challenges such as the reset in ROE for Alberta utilities and perceived undervaluation of ATCO Structures suggest some areas of concern. The sentiment is cautiously optimistic, with a focus on continued strategic execution.

Company Guidance -

Q3 2025

In the second quarter of 2025, ATCO Limited reported adjusted earnings of $101 million or $0.90 per share, marking an increase of $5 million compared to the same period in 2024. This growth was primarily driven by an increase in the rate base and higher rates in their Canadian Utilities investment, alongside a new 5-year access arrangement for ATCO Gas Australia. Despite some challenges such as a reset in the allowable ROE for Alberta utilities, ATCO Structures also performed well, with adjusted earnings rising to $32 million and an adjusted EBITDA of $70 million, putting them on track to surpass the previous year's annual EBITDA. Investment in Neltume Ports also contributed to earnings growth, with a $1 million increase compared to Q2 2024. The company reported a notable increase in cash flow from operating activities, reaching $192 million year-to-date, which allowed for higher capital expenditures totaling $117 million. This financial strength supports ATCO's strategic investments and expansions, including a new manufacturing facility in Australia to bolster their modular construction activities.

Adjusted Earnings Growth

ATCO achieved adjusted earnings of $101 million or $0.90 per share in Q2 2025, up $5 million compared to the same period in 2024.

Successful ATCO Structures Performance

ATCO Structures delivered adjusted earnings of $32 million, up $2 million compared to Q2 2024, driven by increased modular construction activity and workforce housing sales.

Strong Cash Flow and Investment

ATCO's cash flow from operating activities reached $192 million year-to-date, up over 30% compared to the previous year, allowing for increased capital spending.

Neltume Ports Investment Growth

Neltume Ports delivered adjusted earnings growth of $1 million compared to Q2 2024 and commenced construction on the Vancouver Bulk Terminal.

Increased Capital Expenditures

Year-to-date capital expenditures for ATCO stand-alone businesses were $117 million, up $43 million year-over-year, primarily due to increased spending on rental fleet additions.

ATCO Ltd Cl I NV (TSE:ACO.X) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:ACO.X Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.82 / -	0.812	―	―	―
Jul 29, 2025	2025 (Q2)	0.89 / 0.90	0.852	5.63% (+0.05)	―	―
May 07, 2025	2025 (Q1)	1.37 / 1.42	1.319	7.81% (+0.10)	―	―
Feb 27, 2025	2024 (Q4)	1.23 / 1.30	1.12	16.16% (+0.18)	―	―
Nov 14, 2024	2024 (Q3)	0.71 / 0.81	0.71	14.37% (+0.10)	―	―
Aug 02, 2024	2024 (Q2)	0.78 / 0.85	0.771	10.51% (+0.08)	―	―
May 02, 2024	2024 (Q1)	1.26 / 1.32	1.21	9.01% (+0.11)	―	―
Feb 29, 2024	2023 (Q4)	1.03 / 1.12	0.962	16.42% (+0.16)	―	―
Oct 26, 2023	2023 (Q3)	0.63 / 0.71	0.76	-6.58% (-0.05)	―	―
Jul 27, 2023	2023 (Q2)	0.77 / 0.77	0.81	-4.81% (-0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:ACO.X Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	C$51.15	C$51.63	+0.94%
May 07, 2025	C$51.11	C$51.10	-0.02%
Feb 27, 2025	C$47.62	C$46.05	-3.30%
Nov 14, 2024	C$46.07	C$46.91	+1.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does ATCO Ltd Cl I NV (TSE:ACO.X) report earnings?

ATCO Ltd Cl I NV (TSE:ACO.X) is schdueled to report earning on Oct 23, 2025, TBA (Confirmed).

What is ATCO Ltd Cl I NV (TSE:ACO.X) earnings time?

ATCO Ltd Cl I NV (TSE:ACO.X) earnings time is at Oct 23, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ACO.X EPS forecast?

TSE:ACO.X EPS forecast for the fiscal quarter 2025 (Q3) is 0.82.

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